Global Entrepreneurship Monitor (GEM) is the largest worldwide entrepreneurship survey. It provides an exhaustive analysis of entrepreneurial activity in over 50 countries. Begun in 1999 by the London Business School and Babson College, GEM has become a leading reference to understand global entrepreneurship dynamics.
Data Collection: GEM Global collects data on entrepreneurial activity, includes company creation rates, entrepreneur profiles, and factors that facilitate or hinder entrepreneurship in different contexts, and shines the research spotlight on the entrepreneur individual.
Research and Analysis: Through annual reports, GEM Global provides a deep-dive view of trends and patterns in the entrepreneurial ecosystem. These reports allow researchers, policymakers, and business-people to better understand the environment in which they work.
International Comparisons: GEM Global provides comparison of entrepreneurial ecosystems in different countries, which makes it easier to exchange good practices and identify areas for improvement.
Orientation for Decision-Making: The information provided by GEM Global is crucial to design effective public policies that foster entrepreneurship and innovation. It also helps companies and organizations to make strategic decisions based on concrete data.
GEM Global conducts surveys with a significant number of people in each participant country, normally between 2,000 and 3,000 interviews, which guarantees that the data are representative. Globally, tens of thousands of surveys are collected each year, which provides a solid foundation to analyse the state of entrepreneurship around the world.
GEM’s homogeneous methodology in all participant countries allows one to compare entrepreneurship data in different entrepreneurial contexts.
In short, GEM Global is an essential tool for anyone interested in entrepreneurship since it provides data and analyses that can drive growth and sustainability for companies in an increasingly competitive global setting.
Global Entrepreneurship Monitor (GEM) is an international observatory whose objective is to analyse and assess the impact of entrepreneurial activity on economic growth. Recognised as a determining factor for the development and well-being of societies, GEM Global seeks to understand how entrepreneurship can influence the prosperity of nations.
Currently, GEM is coordinated by the Global Entrepreneurship Research Association (GERA), an entity sponsored by different academic institutions of renown, including Babson College, the University for Development of Chile, the Tecnológico of Monterrey, and the Tun Abdul Razak University. This international collaboration allows GEM Global to maintain high research and analysis standards, a guarantee that they data they collect are relevant and can be applied to different contexts.
Over the years, GEM Global has evolved and broadened its scope, adding over 100 countries to its research network. GEM Global’s annual reports provide a detailed view of entrepreneurial activity in each country, which facilitates international comparison and the exchange of good practices. Thanks to their thorough focus and extensive database, GEM Global has developed into an essential tool for researchers, policymakers, and entrepreneurs who seek to understand and improve the business world in which they operate.
Entrepreneurship plays an essential role economic and social development in the world. As societies tackle challenges such as unemployment, inequality, and climate change, the entrepreneurial drive becomes a crucial method to promote innovation, job creation, and general well-being.
Entrepreneurship drives innovation by introducing new products, services, and technologies to the market. Emerging companies often challenge the status quo, fostering competition and motivating established companies to improve and adapt. This dynamic is essential for technological progress and for industries to evolve.
New companies and drivers for job creation. By starting a business, entrepreneurs not only create job opportunities for themselves, but also for others. This job growth helps to reduce unemployment rates and fosters greater economic stability in communities.
This study reveals the unique barriers faced by women, such as limited access to financing and support networks, and highlights their ability to innovate and lead in different sectors. Moreover, the report promotes policies and recommendations to support women entrepreneurs, highlighting the importance of greater gender equity in the business world. GEM’S findings are essential to understand and foster an inclusive ecosystem that boosts growth for women leaders in business.
Entrepreneurship promotes social inclusion. By fostering entrepreneurial activity, underrepresented groups are provided with the opportunity to actively participate in the economy. This not only improves their living conditions, but it also enriches the business ecosystem with different perspectives and focuses, creating a fairer and more diverse environment.
Education is a fundamental cornerstone for the development of entrepreneurial skills. Fostering education in entrepreneurship from an early age helps to cultivate an innovative and proactive mentality. Educational and skills programmes help to train up future generations to face challenges, identify opportunities, and contribute to the economic growth of their communities.
More and more, entrepreneurs are adopting sustainable and socially responsible practises. As awareness of climate change and social issues grows, many new businesses are focusing on solutions that are not only profitable, but that also benefit the environment and society. This includes adopting circular business models and developing clean technologies.
In macroeconomic terms, entrepreneurship is a cornerstone of economic growth. New companies help to grow the GDP and generate tax revenue that can be reinvested in public services and social programmes. A favourable environment for entrepreneurship is essential to foster sustainable and fair growth.
In conclusion, the global impact of entrepreneurship is profound and multi-faceted. By fostering a vibrant entrepreneurial ecosystem, we can tackle critical challenges, boosting economic growth, innovation, education, and social inclusion, especially be empowering women in the business environment.
