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Entrepreneurship at a Glance 2014

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Entrepreneurship at a Glance 2014

OECD,

15 min read
10 take-aways
Audio & text

What's inside?

The OECD offers a thorough, datacentric and up-to-date look at the state of global entrepreneurship.

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Editorial Rating

7

Qualities

  • Analytical
  • Scientific
  • Overview

Recommendation

Entrepreneurs who dare to venture into the unknown are exemplars of human ingenuity. Their entrepreneurship forms the golden goose of economic activity and proves an indelible marker of sophisticated capitalism. And yet, hard data on the impact of entrepreneurship are in short supply. The Organisation for Economic Co-operation and Development (OECD) stepped into this breach by aggregating some 20 indicators from 30 industrialized countries on the health of the economic and operational state of these nations’ entrepreneurial ventures. The rigidly structured report falls short of sweeping insight, but it provides stoic reportage that preserves the statistics’ analytical significance. getAbstract recommends this datacentric report to policy makers, analysts, economists and students looking for cross-country gauges that can help provide a greater understanding of entrepreneurship around the world.

Summary

Global Enterprise

Positive economic activity hinges on the continual exercise of entrepreneurship, a blanket term for any undertaking involving new products, processes and marketing to create value. Although profit is a common incentive for many new businesses, other firms measure success in terms of sociological or environmental targets, depending on the ultimate purpose of the organization.

The OECD has established certain indicators that provide a holistic view of the factors influencing and resulting from entrepreneurial activity. Some indicators prove markedly equal in how researchers collected data across countries, while huge discrepancies exist in others. Quantifying the intersection of broad ideas like culture and free enterprise is inherently difficult and points up the challenge of drawing insight from any single marker by itself. Rather, the indicators become toolkits for further analysis.

“Recent Developments in Entrepreneurship”

Fallout from the global financial crisis remains responsible for huge setbacks in entrepreneurship. Aside from those in Portugal, a generation of new enterprises cratered after 2007. Fewer and fewer people started...

About the Author

The Organisation for Economic Co-operation and Development is a multilateral institution that identifies and promotes policies to help governments sustain economic and social progress.

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