Global Entrepreneurship Monitor 2001 UK Executive Report

  • (2001). (Global Entrepreneurship Monitor )
  • Abstract: As part of this broader project, GEM UK brings together data from across Britain and Northern Ireland to build up a picture of entrepreneurial activity in the UK and within different groups of people. It also aims to explore the barriers to entrepreneurship and provide a strong foundation for further review of national, and regional, policy and practice. Entrepreneurship as a concept is used in a whole range of ways – to refer to business start-up activities, entrepreneurial behaviour within businesses or in the public and not-for-profit sectors. The Global Entrepreneurship Monitor uses the following definition of entrepreneurship for its research: Any attempt at new business or new venture creation, such as selfemployment, a new business organisation, or the expansion of an existing business, by an individual, teams of individuals, or established businesses. The key indicator used in the GEM research is the Total Entrepreneurial Activity (TEA) Index which is made up of the total numbers of people involved in nascent (start-up) business and in new firms which have operated for up to 42 months. Using this measure3: • The UK has a Total Entrepreneurial Activity Index of 7.7 – in other words, 7.7 people in every 100 are involved in either starting a business or running a new firm. This puts the UK roughly in the middle rankings of the 29 countries surveyed in the Global Entrepreneurship Monitor. • Five people out of every 100 start a business because of an opportunity and 1.4% do so because they have no better choices for work. 15% of opportunity entrepreneurs are looking to create 20 or more jobs in five years and 89% of necessity entrepreneurs indicate they will not be creating more than five jobs. • 4.3% of women and 11% of men are currently entrepreneurial. Men are therefore over two and a half times more likely to be an entrepreneur than a woman. This ratio puts the UK near the bottom of a global ranking based on decreasing differences between levels of male and female entrepreneurship. In 2000, the UK compared somewhat better with a ratio of 2.2. On balance, due to statistical error, we can say that the UK is in the low middle of the countries surveyed. View external link »
  • Theme: Perceptions and attitudes
  • Keywords: entrepreneurial attitudes; entrepreneurial activity; entrepreneurial aspirations
  • Reference type: Report
  • Geographic location: United Kingdom
  • Quality: Annual Report by GEM using their own survey
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