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Growing Pains

Aggressive growth could mean bigger profits-and unhappy employees.

This story appears in the January 2004 issue of Entrepreneur. Subscribe »

Contrary to conventional wisdom, the bottom line isn't the sole-or even the most important-factor entrepreneurs consider when they decide to pursue growth.

In "What Do They Think and Feel About Growth? An Expectancy-Value Approach to Small Business Managers' Attitudes Toward Growth" (Entrepreneurship Theory and Practice, Volume 27, Issue 3), Johan Wiklund, Per Davidsson and Frédéric Delmar found that entrepreneurs considering growth were much more influenced by noneconomic factors, like employees' well-being, than by economic factors, such as sales, profits and compensation.

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