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Degree
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St. Petersburg State University, Graduate school of management (SPbU GSOM)
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E-mail
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juliatunis@mail.ru
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Location
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St.Petersburg
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Articles
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This article attempts to systematize the existing knowledge about factors influencing new venture
growth, through literature review of 56 research articles in this area. New venture definitions and
characteristics are discussed in this study. Based on the literature review key factors that influence
new venture growth are identified, which contain business environment, including industry and
geographical characteristics, new venture strategy and firm internal environment, representing personal
features, experience and competence level of entrepreneur or entrepreneurial team, firm resources,
its capabilities and organizational structure. Influence of each of them may differ from time
to time and depend on the particular circumstances certainly, but the fact of their impact is evident
based on the results of conducted research studies. As the result of literature review we identified
the main gaps in this new venture research stream, and proposed further research directions.
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