Research on the Development Status, Influencing Factors and Support Measures of Taizhou Gazelle Companies

Abstract

A gazelle is a company with a rapid high-growth rate that has been increasing its revenues by at least 20% annually for four years or more, starting from a revenue base of at least $1 million. This steady growth trend means that the company has more than doubled its revenues over a four-year period. Gazelle companies are characterized by fast sales growth, rather than their absolute size, they can range in size from small companies to very large companies, though a majority of them are on the small scale businesses. Gazelle is small company that grows rapidly, increases revenue, with big contribution to the growth of the economy", such company now has entered the high growth stage across the entrepreneurial Death Valley image of innovative companies. The short history of these companies establishes that this companies has the following features to their credit fast growth, new areas of expertise, development potential and innovative ability which are important indicators of the evaluation of a country or region of innovation and economic development vitality and core competitiveness of the region. Looking at well-known cities at home and abroad, which actively introduced various policies to boost the development of Gazelle companies, leading to the regional economic fission. In Taizhou, gazelle companies is undoubtedly the main force of innovation, entrepreneurship, and first-class business which is to adjust the structure of Taizhou, promoting and upgrading the driving force of  the region. To understand the present situation of the development of Taizhou gazelle companies, to study the factors influencing the development of Gazelle companies, to learn from the policy experience of promoting the development of Gazelle companies in domestic and foreign regions or cities, to form the policy system of cultivating and supporting the Gazelle companies in Taizhou.

Keywords: Gazelle Enterprise; Development Status; Influencing Factors; Countermeasure Suggestions.

DOI: 10.7176/JESD/11-8-02

Publication date: April 30^th 2020