High-Growth Enterprises (Gazelles): A Conceptual Framework

The objective of the present paper is to propose an integrative and explanatory model of the high-growth companies (gazelles). The present paper analyses high-growth firms (also known as gazelles) in the light of three different theoretical focus: (1) model about firm growth; (2) literature about strategic change and renewal; and (3) entrepreneurship field. An integrative model of radical growth of gazelle firms is proposed. This model combines the contributions of each stream of literature and allows the identification of a wide range of relationships among the main variables.