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Global Entrepreneurship Monitor 2011 Global Report

Global Entrepreneurship Monitor 2011 Global Report. GEM 2011: 54 Economies. More than 80 economies have participated since 1999. GEM 2011: 54 Economies. More than 80 economies have participated since 1999. GEM 2011: 54 Economies. More than 80 economies have participated since 1999.

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Global Entrepreneurship Monitor 2011 Global Report

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  1. Global Entrepreneurship Monitor2011 Global Report

  2. GEM 2011: 54 Economies More than 80 economies have participated since 1999

  3. GEM 2011: 54 Economies More than 80 economies have participated since 1999

  4. GEM 2011: 54 Economies More than 80 economies have participated since 1999

  5. GEM 2011: 54 Economies More than 80 economies have participated since 1999

  6. GEM Global Report: 2011 • Phases and profile of entrepreneurship • Entrepreneurial employee activity • Institutional context for entrepreneurship

  7. Phases and Profile of Entrepreneurship

  8. Phases of Entrepreneurship

  9. Phases of Entrepreneurship • On average, more people believe they have the capabilities to start than see opportunities • Perceptions highest at factor-driven level

  10. Phases of Entrepreneurship • Intent highest at factor-driven stage

  11. Phases of Entrepreneurship • High at factor-driven stagecompared with new and established

  12. Phases of Entrepreneurship • High at innovation-driven stage compared with nascent and new

  13. Phases of Entrepreneurship • In factor- and efficiency-driven, over half discontinued due to lack of profitability and problems obtaining financing • In innovation-driven, more exit due to retirement, sale or another opportunity compared to factor- and efficiency-driven

  14. Total Entrepreneurial Activity: GEM 2011

  15. Profile of Entrepreneurship

  16. Inclusiveness: Women’s Participation in Entrepreneurship

  17. Inclusiveness: Women’s Participation in Entrepreneurship

  18. Inclusiveness: Women’s Participation in Entrepreneurship

  19. Inclusiveness: Age range of entrepreneurs 25–34 years 25–34 years 25–34 years

  20. Industry

  21. Industry

  22. Impact: Growth • In 2011, an estimated 388 million entrepreneurship were starting and running new businesses in 54 economies • In the next five years: • 141 million expect to create at least 5 new jobs • 65 million expect to create at least 20 new jobs • Factor-driven: few entrepreneurs with high growth expectations • China, Chile, Australia, Taiwan and U.S. among those with both high TEA and high growth expectations

  23. Impact: Internationalization (2009-2011)At least 25% foreign customers

  24. Basic requirements • Institutions • Infrastructure • Macroeconomic stability • Health and primary education Established Firms Employee Entrepreneurial Activity National Economic Growth (Jobs and Technical Innovation) • Efficiency enhancers • Higher education & training • Goods market efficiency • Labor market efficiency • Financial market sophistication • Technological readiness • Market size Social, Cultural, Political Context Entrepreneurship Attitudes: Perceived opportunities Perceived capability • Innovation and entrepreneurship • Commercial, legal infrastructure for entrepreneurship • Entrepreneurial finance • Government policy • Government entrepreneurship programs • Physical infrastructure for entrepreneurship • R&D transfer • Entrepreneurship education • Internal market openness • Cultural and social norms Activity: Early-stage entrepreneurship Established businesses Exits Higher in innovation-driven Higher in factor-driven Aspirations: Growth Innovation Internationalization

  25. Special Topic: Entrepreneurial Employee Activity • Employees that develop or launch new goods or services or set up new business units • Rare: only about 3% of the adult population • Most prevalent in innovation-driven economies • Denmark, Belgium and Sweden: high EEA, low TEA • U.S., Australia, Netherlands have high EEA and TEA • Entrepreneurial employees have: • Higher opportunity and capabilities perceptions than nonentrepreneurs • Higher growth and innovation expectations than TEA entrepreneurs

  26. Conclusions and Implications • Address the particular needs of people at different stages • Encourage inclusiveness • Balance industry focus • Recognize the importance of the impact of entrepreneurs • Value entrepreneurship of all kinds

  27. Our Thanks to… • 54 GEM 2011 National Teams • Global Sponsors • Babson College • Universidad del Desarrollo • UniversitiTun Abdul Razak • The GERA Board • Michael Hay, Chair • José Ernesto Amorós, ErkkoAutio, Silvia Carbonell, Donna Kelley, Slavica Singer, and Roland Xavier • Executive Director: Mike Herrington • The GEM Coordination Team • Chris Aylett, NielsBosma, Alicia Coduras, Marcia Cole, Yana Litovsky and Jeff Seaman

  28. Global Entrepreneurship Monitor2011 Global ReportThankYou

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