London Business School / Babson College Study of Entrepreneurship in 2004: Entrepreneurial Activity
ENTREPRENEURIAL ACTIVITY BY REGION
Asia-Oceania:Australia, Hong Kong, Japan, New Zealand and Singapore
Asia-Oceania performs poorly when looking at new businesses seeking new market expansion, introducing new products, or using new technologies. GEM research suggests that new entrepreneurial businesses in the region are driven more by high growth in market opportunities for existing services, and less by the introduction of new services or innovative products.
The region is more influenced by developments in the West than their Asian neighbours. The Oceanic countries tend to be dominated by the services sector. Greater focus is needed on research and development and the commercialization of innovations.
European Union:Belgium, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Netherlands, Poland, Portugal, Slovenia, Spain, Sweden and the United Kingdom
The entrepreneurial mindset needs refuelling. Among European countries, cultural support is positively linked with the amount of entrepreneurial activity. The European Union has identified a need to enhance positive attitudes about entrepreneurship to further encourage entrepreneurial activity. Generous employment protection and unemployment benefits reflect the low TEA rates of many EU countries. Greater attention must be paid to entrepreneurship opportunities for people aged 50 and above. Much remains to be done to deregulate and liberalize markets and to commercialize research.
Latin America:Argentina, Brazil, Ecuador and Peru
Volatile economic conditions yield modest growth and income. Government policies are not supportive and do not promote entrepreneurship activity. Regulatory constraints, labour costs, and legal regulations place a high burden on entrepreneurs, and intellectual property rights protection is inadequate. Access to technologies and international markets is difficult. There is a strong need for improved management skills and better consulting services. Still, there is a shift toward more open, market-based economies in democratic settings and the private sector has opened to new players.
G7 nations:Canada, France, Germany, Italy, Japan, United Kingdom and United States
Economic confidence declined in 2004. When asked about regional start-up opportunities in the near future, respondents' optimism fell about 8 percent compared to the level recorded in 2003. Less than half of the G7 nations are positive in their assessment of the skills possessed for entrepreneurial endeavours. Cultural perception of entrepreneurs also fell. GEM found a small reduction with about 2 percent less of the G7 population believing that entrepreneurship is a good choice.
More about the study:
Asia-Oceania:Australia, Hong Kong, Japan, New Zealand and Singapore
Asia-Oceania performs poorly when looking at new businesses seeking new market expansion, introducing new products, or using new technologies. GEM research suggests that new entrepreneurial businesses in the region are driven more by high growth in market opportunities for existing services, and less by the introduction of new services or innovative products.
The region is more influenced by developments in the West than their Asian neighbours. The Oceanic countries tend to be dominated by the services sector. Greater focus is needed on research and development and the commercialization of innovations.
European Union:Belgium, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Netherlands, Poland, Portugal, Slovenia, Spain, Sweden and the United Kingdom
The entrepreneurial mindset needs refuelling. Among European countries, cultural support is positively linked with the amount of entrepreneurial activity. The European Union has identified a need to enhance positive attitudes about entrepreneurship to further encourage entrepreneurial activity. Generous employment protection and unemployment benefits reflect the low TEA rates of many EU countries. Greater attention must be paid to entrepreneurship opportunities for people aged 50 and above. Much remains to be done to deregulate and liberalize markets and to commercialize research.
Latin America:Argentina, Brazil, Ecuador and Peru
Volatile economic conditions yield modest growth and income. Government policies are not supportive and do not promote entrepreneurship activity. Regulatory constraints, labour costs, and legal regulations place a high burden on entrepreneurs, and intellectual property rights protection is inadequate. Access to technologies and international markets is difficult. There is a strong need for improved management skills and better consulting services. Still, there is a shift toward more open, market-based economies in democratic settings and the private sector has opened to new players.
G7 nations:Canada, France, Germany, Italy, Japan, United Kingdom and United States
Economic confidence declined in 2004. When asked about regional start-up opportunities in the near future, respondents' optimism fell about 8 percent compared to the level recorded in 2003. Less than half of the G7 nations are positive in their assessment of the skills possessed for entrepreneurial endeavours. Cultural perception of entrepreneurs also fell. GEM found a small reduction with about 2 percent less of the G7 population believing that entrepreneurship is a good choice.
More about the study:
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