The Scale Up Challenge: How Are Canadian Companies Performing?
Canadian companies are slightly smaller than they have been in the past and are barely growing. In some provinces, the number of firms has also declined. Only 2% of mid sized businesses succeed in becoming large businesses, exceeding the 500 employee mark.
However, this study shows that the mid sized businesses that are more likely to become large businesses have the following characteristics:
- They are already relatively more productive than their competitors in the same economic sector
- They invest more significantly in their fixed assets
- They are present in at least three Canadian provinces