GLOBAL ENTREPRENEURSHIP MONITOR 2003 Wales Executive Report

  • Brooksbank, D., Jones-Evans, D. (2003). (Global Entrepreneurship Monitor )
  • Abstract: The Global Entrepreneurship Monitor (GEM) project was created in 1997 as a joint initiative between Babson College - the leading centre for entrepreneurship in the United States – and London Business School. The principal aim of GEM is to bring together the world’s best entrepreneurship scholars to explore and understand entrepreneurship and its link to economic growth. ● This is the fourth year that Wales has taken part in the study, along with thirty-one other nations around the World.This year the UK co-ordinating team – based at London Business School – has also attracted significant interest and funding to conduct GEM-type analyses for many of the English Regional Developments Areas (RDA) and additional reports have been prepared for Northern Ireland and Scotland. The results we report below compare Wales to the whole of the UK – the latter benefiting from an amalgamated dataset of over 22,000 observations. This degree of scale contributes to far greater accuracy of the GEM findings this year and the statistical analysis is remarkably robust at this level. All national reports can be downloaded from the GEM website at www.gemconsortium.org. The primary data for the study of Wales was collected from an adult population survey of 2000 individuals, together with 36 interviews with Welsh experts on entrepreneurship. ● In Wales, the GEM research project is headed by Professor Dylan Jones-Evans, (Director of Entrepreneurship at the North East Wales Institute of Higher Education). His co-researcher on the project is Professor David Brooksbank (Director of the Welsh Enterprise Institute at the University of Glamorgan). Both individuals are actively involved in the development of entrepreneurship research within Wales, being responsible for undertaking detailed studies supporting initiatives such as the Entrepreneurship Action Plan for Wales, Enterprise College, Enterprise Club,Wales Fast Growth Fifty initiative and the Wales Spin-Out Programme.The Welsh GEM research has been supported financially by the Welsh Development Agency, and will help inform the future development of the Entrepreneurship Action Plan for Wales. ● The GEM project is an annual research event that is, with each passing year, building a longitudinal international database to inform policy-makers, academics and practitioners of the relevance of entrepreneurial activity to economic development.The opportunity to benchmark Wales against the major economies of the World is to be welcomed, giving us the opportunity to improve our understanding of entrepreneurship in a Welsh context, and to participate in the leading forum for policy debate on entrepreneurship globally. ● In the past year GEM has risen in prominence on the UK and world stages remarkably.The analysis forms the backbone of the Small Business Service’s policy and action plan in England.The UK Treasury has adopted the findings, now cited in many of the Chancellor of the Exchequer’s speeches and DG Enterprise in Brussels is using the methodology to steer them during the first year of the new Entrepreneurship Action Plan for the EU. GEM is now accepted as the definitive guide to rates of and trends in entrepreneurial behaviour in countries across the world and it is to the Welsh Development Agency’s credit that Wales is one of the oldest contributing partners in this project. View external link »
  • Theme: Perceptions and attitudes
  • Keywords: entrepreneurial attitudes; entrepreneurial activity; entrepreneurial aspirations
  • Reference type: Report
  • Geographic location: Wales
  • Quality: Annual Report by GEM
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