Growth of a small manufacturing enterprise and critical factors for success

This paper explains how a new start-up company has evolved from an SME to become a global company. It analyses the growth strategy of the company over a nine year period. The company took several important decisions so as to be able to create new competencies. The evolution of the company is analysed and discussed in a period of six stages. A conceptual model for competency building is formulated and discussed. Such a model is applicable to other SMEs to repeat its growth path.