National Entrepreneurship Assessment: 2000 Executive Report

Overview: According to the Global Entrepreneurship Monitor (GEM) 2000 Executive Report, the United States continues to be one of the most entrepreneurial countries in the world. Moreover, the conditions supporting entrepreneurship appear favorable well into the future. Some highlights of the U.S. Executive Report are recorded in this article. The United States leads the world in the awareness and desirability of entrepreneurship. Entrepreneurs are viewed as role models; failure is accepted as a learning experience; and people continue to see entrepreneurship as a career path with potential. Venture capital and the NASDAQ market for initial public offerings (IPOs) are crucial factors in the new economy. Geographic disparity in entrepreneurial activity (especially high technology entrepreneurship) and infrastructure support for entrepreneurship (especially risk capital) continue to be a problem in many parts of the United States. There is concern that if investors lose their appetites for stocks of “new economy” companies, it will inhibit the financing of those companies, and, as a result, will slow down entrepreneurial activity. The level of entrepreneurial sophistication is improving, but many new ventures still suffer from novice errors. Entrepreneurship education in geographic regions lagging the entrepreneurial hot spots of the West Coast, East Coast and Texas can provide some momentum for entrepreneurship into the future.

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Format: PDF | Size: 610KB | Date: Jan 2000 | Pages: 40