THE GROWTH PERFORMANCE OF SMALL BUSINESS UNDER THE VIEW OF LIFE-CYCLE MODEL

This paper observes empirically the approach and application of growth and firm life-cycle stages model in the Albanian reality. It describes the deviations or convergences of Albanian firms by adding and completing the number of studies, as well as by expanding the study sample of this issue mainly in developing countries like Albania. Its focus is to explore the validity of evolution theory of firms during the development of Albanian SMEs, explaining in this way a potential tendency of firm development. It has been mainly centered on the description of the variables behavior selected for study by means of descriptive statistics.