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Rating

7

Qualities

  • Concrete Examples
  • Analytical
  • Scientific

Recommendation

This World Economic Forum report examines the qualitative and quantitative characteristics of “high-impact entrepreneurs” whose companies deliver strong internal metrics while driving job creation and shareholder value. The report’s case studies spring from Ernst & Young’s surveys of companies competing in its Entrepreneur of the Year campaign. The statistics reveal how various sectors advance through corporate life-cycle stages, and the report ably analyzes these progressions as well as recounting inspiring tales of how individual “bold ones” get the job done. getAbstract suggests this report to general business readers, investors and entrepreneurs.

About the Author

The World Economic Forum is an independent global organization that engages leaders of business, politics, academia and society to improve the state of the world.

 

Summary

Standing Above the Crowd

“High-impact entrepreneurs” make their mark through job creation, innovative ideas and other benchmarks of success. They share unique characteristics. To better understand this group, Ernst & Young surveys hundreds of entrepreneurs for its Entrepreneur of the Year (EOY) contest. The firm’s review of its 2013 finalists investigated “how high-growth companies exploit opportunities and overcome both business and economic challenges.” In 2012 and 2013, the participating companies created 1/20th of US jobs and boosted their corporate revenues by 30% annually – impressive accomplishments given the sluggish pace of economic growth.

The value of high-impact entrepreneurs – some 30% of the more than 600 companies that participated in the survey – goes beyond traditional metrics to include innovation, job creation, wealth creation and benefits to society. “Mature” entrepreneurial firms’ sophisticated infrastructure and financial muscle contribute significantly to generating employment and prosperity. Many high-impact entrepreneurs appear on Fortune magazine’s list of billionaires. Their enterprises produce wealth for their employees and...


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