Global Entrepreneurship: Born Out of Necessity?

What really drives economic growth?  Many think its entrepreneurship and that entrepreneurship the world over is oftentimes driven by necessity.

But according to the Global Entrepreneurship Monitor:

... economic growth is not driven by these “necessity” entrepreneurs, who decrease in number as the economy develops. The key to fostering growth is to support “opportunity” entrepreneurs, who choose to start new enterprises in response to market needs.

Read this intriguing article, "Does Entrepreneurship Drive Economic Growth? - Megacities - Opportunities at Urban Edges" published by Forbes.

Related piece:  "Do Entrepreneurs in the Developing World Fuel Economic Growth?"

Successful Growth Strategies for Global Entrepreneurs

According to a report titled Global Entrepreneurship and Successful Growth Strategies of Early-Stage Companies and released by the World Economic Forum in collaboration with Stanford University, SPRIE and STVP:

The top 1% of companies from among 380,000 companies reviewed across 10 countries contribute 44% of total revenue and 40% of total jobs while the top 5% contribute 72% of total revenue and 67% of total jobs.

Download PDF (380-page report) here.

Posted by:  The Global Small Business Blog

The Ultimate Global Business Destination: Sweet Home Chicago

Is Chicago a role model for global entrepreneurship?

Find out here.

Photo credit:  Laurel Delaney, Chicago lakefront

Posted by:  The Global Small Business Blog