Identify Companies That Are Genuinely Growing in Emerging Economy Sectors
There are plenty of companies with a high propensity for growth across the country. Having the ability to identify growth companies can provide businesses with competitive advantage from being able to produce a database of people to target to facilitate growth to planning economic interventions such as training and support.
But, how do you identify companies with a high-propensity to grow? Traditionally, growth has been defined by the amount of investment a company has. This approach has drawbacks though as it doesn’t benefit companies that may be growing organically without investment.
Identifying genuine growth is what’s important and, in partnership with our local authority user group The Living Lab, Red Flag Alert has created a true growth propensity score. Taking firm-level data and applying complex calculations, we aim to identify which businesses are growing at a rate of 1.2% over 3-4 years – that’s the OECD’s definition of a fast-growing company.
