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The Global Entrepreneurship Monitor. Donna Kelley , Ph.D . Professor of Entrepreneurship Frederic C. Hamilton Chair of Free Enterprise Babson College. Presentation to the Babson College Board of Trustees , February 7, 2014. GEM History.
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The Global Entrepreneurship Monitor DonnaKelley, Ph.D. Professor of Entrepreneurship FredericC. Hamilton Chair of Free Enterprise BabsonCollege PresentationtotheBabsonCollegeBoard of Trustees, February 7, 2014
GEM History • Co-founded by Bill Bygrave (Babson) and Michael Hay (London Business School) • The largest global survey about entrepreneurial activity, attitudes, characteristics, and impact • Individuals, not firms • Can compare across economies • Involving 400 researchers around the world • $8M annual expenditure globally
GEM 1999: 10 Economies GEM 2013: 70 Economies Representing 75% of the World’s Population – 90% of the World’s GDP
GEM Structure • GEM Global • UK Charity: GERA • Board • Executive Director • Coordination team (administration, data) • Marcia Cole at Babson • Babson is the lead global sponsor at $200K • UDD (Chile): $100K • Unirazak (Malaysia): $100K GEM Global Annual Report • GEM National teams • Academic teams fund and oversee survey in their economies (>=2K) • $12K central coordination fee • U.S. team is based at Babson, survey is funded by Babson (~ $90K) • Baruch College contributes $50K • Global Special Topic Reports • Women – Growth - Finance • Youth • Other (education, corporate, social) GEM U.S. National Report New Opportunity? GEM Policy Monitor
GEM’s Impact • Over 250academic journal articles with GEM data • Includes highly ranked journals (Journal of International Business Studies, Journal of Management Studies, etc.) • Reports and datasets downloaded in 2013 • GEM website: 478,993 • Babson website: 13,967 • Policy makers use GEM to assess entrepreneurship and inform policy decisions • Presented in the U.S. at the State Department, World Bank, NGA Nearly a half million downloads
GEM Media Hits 2000-2013 Frequently referenced in: Wall Street Journal, CNBC, Economist, Financial Times, Huffington Post, Business Week, Reuters, Washington Post, New York Times, etc.
It’s Not Just About Numbers of Entrepreneurs • Will they create jobs? • Developed economies: fewer entrepreneurs • But more often opportunity-driven and projecting high growth • Can they sustain their efforts? • Less developed economies: more entrepreneurs • But fewer mature business owners and more exits • Is everyone participating? • Among 70 economies, 7 have equal rates among women and men (Brazil, Ghana, Nigeria, Uganda, Zambia, Indonesia, and Switzerland)
Opportunities for Babson • Global • Policy Monitor • Include secondary sources on ecosystem factors • National-level insights from teams • Global Policy forum: collaboration of academics with policy experts • United States • State-level sampling • Policy forums in the U.S.