Lifecycle of Enterprises and Its Dynamics on the Basis of Annual Turnover: an Empirical Study of Czech and Slovak Enterprises

Abstract:

The paper deals with the issues of general enterprises’ lifecycle model based on size (annual turnover) as a parameter of growth and success. Authors work with Miller and Friesen lifecycle model (Miller and Friesen, 1984) and expect occurrence of similar pattern in large scale sample composed of 677 randomly chosen companies of different type. This so cold “fractal analogy” will help to describe lifecycle model of general successful company in the terms of most significant time dependent phenomena observed on researched sample of Czech and Slovak enterprises. Except of mentioned lifecycle mode description and design, which can be considered as main objective of the paper, there were three supplementary hypothesis tested. Questionnaire research as background of presented data was performed on Silesian University, School of Business Administration in Karvina, Czech Republic. Presented paper includes brief literature review as well as most important research findings accompanied with commented charts, tables and discussion.

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