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A Framework for Addressing and Measuring Entrepreneurship

This framework outlines the definition of entrepreneurs as value creators through economic activity innovation. It differentiates between entrepreneurs and entrepreneurial activity, emphasizing that entrepreneurship is not size-dependent and that failure is integral to the entrepreneurial journey. Key impacts of entrepreneurship include job creation, economic growth, and poverty reduction. The framework also highlights the need for better performance measurement and understanding the determinants of entrepreneurial success. Establishing a supportive regulatory environment and fostering a robust entrepreneurial culture are essential for future advancements.

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A Framework for Addressing and Measuring Entrepreneurship

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  1. A Framework for Addressing and Measuring Entrepreneurship Anders Hoffmann, Ph.D. Creative Director, FORA Nadim Ahmad Head of Business Statistics, OECD

  2. The definition • Entrepreneurs are those persons (business owners) who seek to generate value, through the creation or expansion of economic activity, by identifying and exploiting new products, processes or markets. • Entrepreneurial activity is the enterprising human action in pursuit of the generation of value, through the creation or expansion of economic activity, by identifying and exploiting new products, processes or markets. • Entrepreneurship is the phenomenon associated with entrepreneurial activity.

  3. Important points • Distinction between Entrepreneurs and Entrepreneurial Activity • Entrepreneurship is not linked to size • Failure is a very important part – so seeking is the key word • Entrepreneurs create value

  4. Framework Entrepreneurial Impacts Determinants Performance

  5. Framework Fly me to the moon We are currently cruising at 300 mph Fly on the wings of love Entrepreneurial Impacts Determinants Performance

  6. Framework Entrepreneurial Impact Determinants Performance Job creation Economic growth Poverty reduction

  7. Framework

  8. Note • Not all new firms are entrepreneurs (definition of value determines how many) • Number of high-growth firms does not capture all entrepreneurs

  9. Regulatory framework Culture

  10. Framework

  11. Way forward • Performance is well on its way – ley us get some data out! • Determinants still need a lot of work – our focus for next year?

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