Europe's fastest-growing companies power the engine rooms of their respective economies. As they scale at pace, these businesses drive job creation, generate additional tax receipts and provide new opportunities for a broad range of stakeholders. In short, they are crucial for any economy or society focusing on wealth creation.
However, despite playing this vital role, we know comparatively little about the make-up of our fastest-growing businesses - specifically, the skills and qualities that enable them to leave the rest of the pack behind.
Pinsent Masons' Pacesetters, published in association with Mergermarket, seeks to investigate that knowledge shortfall.
Based on exclusive interviews with 400 senior executives of European fast-growing companies, this research identifies a series of characteristics that are shared by many of the businesses posting the highest growth rates in Europe.
For even though these businesses are pursuing a huge range of different business models and operating in disparate geographies or industry sectors, they have much in common. As advisers to fast-growth companies, we are increasingly seeing collaboration and innovation as key traits among this section of our client base. Indeed, on the latter factor, respondents feel that the next three years will be dominated by the need to invest in technology and utilise it effectively.