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Presentation to the Babson College Board of Trustees , February 7, 2014

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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Presentation to the Babson College Board of Trustees , February 7, 2014

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  1. The Global Entrepreneurship Monitor DonnaKelley, Ph.D. Professor of Entrepreneurship FredericC. Hamilton Chair of Free Enterprise BabsonCollege PresentationtotheBabsonCollegeBoard of Trustees, February 7, 2014

  2. 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

  3. GEM 1999: 10 Economies GEM 2013: 70 Economies Representing 75% of the World’s Population – 90% of the World’s GDP

  4. 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

  5. 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

  6. 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.

  7. Total Early Stage Entrepreneurial Activity

  8. 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)

  9. Entrepreneurship and the Business Cycle: United States

  10. Entrepreneurship and the Business Cycle: United States

  11. Entrepreneurship and the Business Cycle: United States

  12. Entrepreneurship and the Business Cycle: United States

  13. State-Level Results in the U.S.

  14. 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.

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