Https://innovation.m It.edu/assets/A-New- View_Final-Report_5. 4.16.pdf

A-New-View_Final-Report_5.4.16.pdf
Preview of https://innovation.m it.edu/assets/A-New- View_Final-Report_5. 4.16.pdf
🔗 Source: innovation.mit.edu
📊 Size: 5.09 MB
📄 Pages: 20 pages
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Summary

The state of American entrepreneurship is crucial for the economy, with high-growth startups contributing significantly to job creation and innovation. However, only a small fraction of new businesses experience explosive growth, and the overall ability of entrepreneurship to facilitate economic prosperity depends disproportionately on the performance of a few firms. To assess the state of American entrepreneurship, it is essential to account for "the skew" - the fact that a small number of firms drive the majority of economic growth. Traditional measures of entrepreneurship, such as quantity-based and performance-based approaches, have limitations and have led to divergent perspectives on the state of American entrepreneurship. A new approach, using comprehensive business registries and predictive analytics, calculates the underlying growth potential of startups and yields new findings, including a cyclical pattern of high-potential growth startups and strong differences across place and time in the likelihood of startups to realize their potential and scale.

Description

The state of American entrepreneurship is crucial for the economy, with high-growth startups contributing significantly to job creation and innovation.

Technical Information

  • File Format: PDF
  • File Size: 5.09 MB
  • Pages: 20
  • Language: EN
  • Total Downloads: 39
  • Last Updated: 1 month ago

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