High-Growth Firms and the Future of the American Economy. Kauffman Foundation Research Series PDF Download
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Author: Dane Stangler
Publisher:
ISBN:
Category :
Languages : en
Pages : 16
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Book Description
Into early 2010, more than two years after the recession began, the American economy continues to send out mixed signals with respect to economic recovery: GDP (gross domestic product) growth looks set to recover, while unemployment is projected to remain high for many more years. The most important economic matter facing the country is job creation, not only in terms of employment itself but also for boosting sectors such as housing, which will not fully recover until job creation recovers. Discussions about jump-starting the U.S. economy--both from policymakers and pundits--primarily focus on measures that would expand job growth in existing companies. This report, the third in the Kauffman Foundation Research Series on Firm Formation and Economic Growth, draws on a new set of data, a special tabulation conducted by the Census Bureau at the request of the Ewing Marion Kauffman Foundation, calculated from the Business Dynamics Statistics (BDS) database. While previous research has emphasized the importance of new and young companies to job creation overall, this paper focuses on "high-growth firms"--the so-called "gazelles" that, despite their relatively small numbers, nonetheless account for a disproportionate share of job creation. The data generally show that: (1) In any given year, the top-performing 1 percent of firms generate roughly 40 percent of new job creation; and (2) Fast-growing young firms, comprising less than 1 percent of all companies, generate roughly 10 percent of new jobs in any given year. This paper examines the relevance of these points in the national discussion on job creation. When the current conversation turns to small business as an instigator in economic growth, it still emphasizes existing firms. But a new discussion--one that not only promotes entrepreneurship, but, specifically, "high-growth" entrepreneurship--is necessary, because top-performing companies are the most fruitful source of new jobs and offer the economy's best hope for recovery. Finally, this paper recommends strategies policymakers could follow to facilitate the creation and growth of more gazelle companies: (1) Remove barriers that potentially block the emergence of high-growth companies; (2) Focus on taxation, regulation, immigration, access to capital, and academic commercialization; and (3) Target immigrant entrepreneurs and universities, which may be likely sources for high-growth firms. (Contains 7 figures and 23 footnotes.).
Author: Dane Stangler
Publisher:
ISBN:
Category :
Languages : en
Pages : 16
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Book Description
Into early 2010, more than two years after the recession began, the American economy continues to send out mixed signals with respect to economic recovery: GDP (gross domestic product) growth looks set to recover, while unemployment is projected to remain high for many more years. The most important economic matter facing the country is job creation, not only in terms of employment itself but also for boosting sectors such as housing, which will not fully recover until job creation recovers. Discussions about jump-starting the U.S. economy--both from policymakers and pundits--primarily focus on measures that would expand job growth in existing companies. This report, the third in the Kauffman Foundation Research Series on Firm Formation and Economic Growth, draws on a new set of data, a special tabulation conducted by the Census Bureau at the request of the Ewing Marion Kauffman Foundation, calculated from the Business Dynamics Statistics (BDS) database. While previous research has emphasized the importance of new and young companies to job creation overall, this paper focuses on "high-growth firms"--the so-called "gazelles" that, despite their relatively small numbers, nonetheless account for a disproportionate share of job creation. The data generally show that: (1) In any given year, the top-performing 1 percent of firms generate roughly 40 percent of new job creation; and (2) Fast-growing young firms, comprising less than 1 percent of all companies, generate roughly 10 percent of new jobs in any given year. This paper examines the relevance of these points in the national discussion on job creation. When the current conversation turns to small business as an instigator in economic growth, it still emphasizes existing firms. But a new discussion--one that not only promotes entrepreneurship, but, specifically, "high-growth" entrepreneurship--is necessary, because top-performing companies are the most fruitful source of new jobs and offer the economy's best hope for recovery. Finally, this paper recommends strategies policymakers could follow to facilitate the creation and growth of more gazelle companies: (1) Remove barriers that potentially block the emergence of high-growth companies; (2) Focus on taxation, regulation, immigration, access to capital, and academic commercialization; and (3) Target immigrant entrepreneurs and universities, which may be likely sources for high-growth firms. (Contains 7 figures and 23 footnotes.).
Author: Dane Stangler
Publisher:
ISBN:
Category :
Languages : en
Pages : 16
Get Book Here
Book Description
Into early 2010, more than two years after the recession began, the American economy continues to send out mixed signals with respect to economic recovery: GDP growth looks set to recover, while unemployment is projected to remain high for many more years. The most important economic matter facing the country is job creation, not only in terms of employment itself but also for boosting sectors such as housing, which will not fully recover until job creation recovers.Discussions about jump-starting the U.S. economy - both from policymakers and pundits - primarily focus on measures that would expand job growth in existing companies. This report, the third in the Kauffman Foundation Research Series on Firm Formation and Economic Growth, draws on a new set of data, a special tabulation conducted by the Census Bureau at the request of the Ewing Marion Kauffman Foundation, calculated from the Business Dynamics Statistics (BDS) database.While previous research has emphasized the importance of new and young companies to job creation overall, this paper focuses on high-growth firms - the so-called “gazelles” that, despite their relatively small numbers, nonetheless account for a disproportionate share of job creation.The data generally show that: -In any given year, the top-performing 1 percent of young firms generate roughly 40 percent of new job creation. -Fast-growing young firms, comprising less than 1 percent of all companies, generate roughly 10 percent of new jobs in any given year.This paper examines the relevance of these points in the national discussion on job creation. When the current conversation turns to small business as an instigator in economic growth, it still emphasizes existing firms. But a new discussion - one that not only promotes entrepreneurship, but, specifically, high-growth entrepreneurship - is necessary, because top-performing companies are the most fruitful source of new jobs and offer the economy's best hope for recovery.Finally, this paper recommends strategies policymakers could follow to facilitate the creation and growth of more gazelle companies: -Remove barriers that potentially block the emergence of high-growth companies. -Focus on taxation, regulation, immigration, access to capital, and academic commercialization. -Target immigrant entrepreneurs and universities, which may be likely sources for high-growth firms.
Author: Blaž Frešer
Publisher: Springer Nature
ISBN: 3030593509
Category : Business & Economics
Languages : en
Pages : 160
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Book Description
This book explores the factors that contribute to high corporate growth, presenting a new conceptual model for research into this phenomenon. Building on existing research, the authors present a new conceptual research model that links multidimensional variables, such as entrepreneurial orientation, and human capital, with the perceived availability of different forms of financing for high-growth companies and with the measures that these firms take to overcome financial constraints and thus influence their financial performance. With this model the authors aim to enhance our understanding of the specifics of financing high growth companies and demonstrate how the availability of financial resources is one of the most important determinants of promoting development and enterprise growth. Empirically tested on a random sample of high-growth companies from Slovenia, the book seeks to make a contribution to research and enhance our understanding of the various factors involved in high growth firms.
Author: Robert E. Litan
Publisher:
ISBN:
Category :
Languages : en
Pages : 11
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Book Description
One of the questions or challenges we constantly wrestle with at Kauffman is “how could annual U.S. economic growth be increased by one additional percentage point?” It is not an idle question. If, for example, the economy grew at 4 percent annually rather than 3 percent, GDP would double six years faster (eighteen years versus twenty-four years). Given the magic of compounding, this extra one percent would cumulate over a century to produce roughly three times the level of GDP than would otherwise exist.Such a world would be a far more comfortable one than many of us may be able to imagine. It would mean a dramatically lower level of poverty, while the average American would have a living standard that is three times as comfortable as one that he or she would otherwise enjoy (imagine today, for example, the average family income being roughly $135,000 rather than its current level of about $45,000). A richer society also would have more resources to address the public challenges - upgrading our infrastructure, doing more to clean the environment, and so on - that would make life in America even more comfortable for all our citizens.America's great challenge is to scale the successful ecosystems and to create others to bring about a substantial increase in the numbers of highly successful new companies (whether or not they reach a billion dollars in sales). Nothing less than the future welfare of America and its citizens is at stake.
Author: Charlie Karlsson
Publisher: Routledge
ISBN: 1135055904
Category : Business & Economics
Languages : en
Pages : 351
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Book Description
In recent years, policy makers have given much credence to the role of entrepreneurship in the transformation of regions. As a result, a new set of policy responses have emerged that focus on the support of new venture creation, small business growth and idea generation and commercialization. While there is a wealth of research about entrepreneurship in general, less attention has been given to the development of new tools and programs in support of entrepreneurial activities, and to the ways in which the emergence, the character and the types of entrepreneurship policies might differ between countries. In particular, the transatlantic perspective is of special interest because of the pioneering role of the United States in this area, and also due to the European Union's focus on economic competitiveness. The contributions included in this book explore the emergence of entrepreneurship policies from a transatlantic comparative perspective and address different aspects of entrepreneurship policies including local entrepreneurship policies and the relationship between knowledge-based industries and entrepreneurship policies.
Author: Megan McArdle
Publisher: Penguin
ISBN: 0698151496
Category : Business & Economics
Languages : en
Pages : 243
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Book Description
“Clever, surprisingly fast-paced, and enlightening.” —Forbes Most new products fail. So do most businesses. And most of us, if we are honest, have experienced a major setback in our personal or professional lives. So what determines who will bounce back and follow up with a home run? What separates those who keep treading water from those who harness the lessons from their mistakes? One of our most popular business bloggers, Megan McArdle takes insights from emergency room doctors, kindergarten teachers, bankruptcy judges, and venture capitalists to teach us how to reinvent ourselves in the face of failure. The Up Side of Down is a book that just might change the way you lead your life.
Author: Robert E. Litan
Publisher: Yale University Press
ISBN: 0300184697
Category : Business & Economics
Languages : en
Pages : 361
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Book Description
In the wake of the Great Recession and America's listless recovery from it, economists, policymakers, and media pundits have argued at length about what has gone wrong with the American capitalist system. Even so, few constructive remedies have emerged. This welcome book cuts through the chatter and offers a detailed, nonideological, and practical blueprint to restore the vigor of the American economy. Better Capitalism extends and significantly expands on the insights of the authors' widely praised previous book, Good Capitalism, Bad Capitalism, co-written with William Baumol. In Better Capitalism, Robert E. Litan and Carl J. Schramm focus on the huge--but often unrecognized--importance of entrepreneurship to overall economic growth. They explain how changes in seemingly unrelated policy arenas--immigration, education, finance, and federal support of university research--can accelerate America's recovery from recession and spur the nation's rate of growth in output while raising living standards. The authors also outline an innovative energy strategy and discuss the potential benefits of government belt-tightening steps. Sounding an optimistic note when gloomy predictions are the norm, Litan and Schramm show that, with wise and informed policymaking, the American entrepreneurial engine can rally and the true potential of the U.S. economy can be unlocked.
Author: Jerome A. Katz
Publisher: Emerald Group Publishing
ISBN: 178560046X
Category : Business & Economics
Languages : en
Pages : 317
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Book Description
The latest volume of Advances in Entrepreneurship, Firm Emergence and Growth examines many questions regarding growth. What decisions and designs of the entrepreneur lead to growth? Are there differences in what drives high growth entrepreneurship versus slower growth entrepreneurship? Are new firms adopting novel approaches to growth?
Author: Paul Burns
Publisher: Bloomsbury Publishing
ISBN: 1350304883
Category : Business & Economics
Languages : en
Pages : 503
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Book Description
Written by a highly regarded expert on entrepreneurship, this bestselling textbook provides an engaging and comprehensive overview of corporate entrepreneurship. Now in its fourth edition and fully revised throughout, this accessible text is structured in four key parts that cover everything a student needs to know about the topic. After an initial consideration of what constitutes corporate entrepreneurship and innovation, the author then guides students through the four pillars of entrepreneurial architecture: culture, structure, leadership and strategy. The third section focusses on the entrepreneurial mind-set, including how to encourage creativity, business ideas and developing concepts. Finally, the book draws attention to corporate venturing, examining venture teams, intrapreneurs, market development and the role of shareholder value. It is no longer sufficient for businesses to grow simply by cutting costs and taking over competitors. To achieve true success, organisations must avoid an ageing product or service portfolio to bring new, innovative ideas to market. Corporate entrepreneurship is inherently risky and therefore requires a fresh approach to strategy. The approach Paul Burns offers will successfully overcome barriers to launching new ideas, internal challenges of managing creativity and show how to foster an entrepreneurial culture. This is the go-to textbook for all students studying Corporate Entrepreneurship, Intrapreneurship or Corporate Venturing at undergraduate, postgraduate or MBA level. The book is also essential reading for courses on Strategic Entrepreneurship and Innovation. New to this Edition: - Fully revised and updated content throughout with new four-part structure - Brand new case studies in every chapter, featuring some of the world's highest profile companies from across the globe - A greater focus on innovation, including a new chapter on this topic at the start of the book - New chapters on 'Developing a Business Model', 'Managing Change' and 'Managing Risk' - New on-page glossary with key terms highlighted in the text and defined in the margins - New Activities and Group Discussion topics at the end of each chapter
Author:
Publisher:
ISBN: 9780983177500
Category : Economic development
Languages : en
Pages : 494
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Book Description
"Looks at the ways in which the legal system, the contents of specific laws, judicial doctrines, and regulation, as well as the legal processes - affects innovation and growth." - preface.
