A Dynamic Capabilities Perspective of High-Growth Firms: Organizational Aspects

Drawing on interviews conducted at five Hungarian high-growth firms (I IGFs), this paper discusses how dynamic capabilities shape the outcome of HGFs' efforts to meet the managerial challenges posed by rapid growth. HGFs are investigated in the context of a relatively under-researched country: Hungary. The research demonstrates that dynamic capabilities have strong explanatory power for the surveyed companies' achievements, in a similar manner to what is established in the literature on HGFs in advanced economies. The micro-mechanisms of DC' deployment is explored by investigating the organizational solutions implemented at the surveyed firms in response to emerging growth-related problems. These responses were found to be similar across the sample. The recurrent growth-related reconfiguration of organizational structures and introduction of various organizational innovations were the result of systematically developed DC and non-abating organizational learning.