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The future of entrepreneurship: the few or the many?
Gazelles (high-growth), unicorns (ventures valued at $1 billion), and decacorns (ventures valued at $10 billion) appear to be dominating the landscape of entrepreneurship. In 2021, there were more than 700 ventures that have been valued at $1 billion or more by venture capitalists, and there seems t...
Autores principales: | , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Springer US
2021
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8302973/ http://dx.doi.org/10.1007/s11187-021-00534-0 |
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author | Kuratko, Donald F. Audretsch, David B. |
author_facet | Kuratko, Donald F. Audretsch, David B. |
author_sort | Kuratko, Donald F. |
collection | PubMed |
description | Gazelles (high-growth), unicorns (ventures valued at $1 billion), and decacorns (ventures valued at $10 billion) appear to be dominating the landscape of entrepreneurship. In 2021, there were more than 700 ventures that have been valued at $1 billion or more by venture capitalists, and there seems to be a continued trend in more arising. However, the facts show that small- and medium-sized enterprises (SMEs) account for over 90% of businesses and 50% of employment of the worldwide population, contributing up to 55% of GDP in developed economies. Thus, it is clear that in developed countries, small firms are the economy. However, the entire realm of entrepreneurship appears to drifting slowly away from the importance of smaller firms and focusing the entire emphasis on the relatively few tech giants. These giant corporations are now viewed through the prism of entrepreneurship. Thus, we ask quo vadis — where will the focus of entrepreneurship be post-COVID-19 — centralization or democratization? For researchers and policy makers, shedding some light on this question may help in the formulation of research agendas and policy directions. |
format | Online Article Text |
id | pubmed-8302973 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | Springer US |
record_format | MEDLINE/PubMed |
spelling | pubmed-83029732021-07-26 The future of entrepreneurship: the few or the many? Kuratko, Donald F. Audretsch, David B. Small Bus Econ Article Gazelles (high-growth), unicorns (ventures valued at $1 billion), and decacorns (ventures valued at $10 billion) appear to be dominating the landscape of entrepreneurship. In 2021, there were more than 700 ventures that have been valued at $1 billion or more by venture capitalists, and there seems to be a continued trend in more arising. However, the facts show that small- and medium-sized enterprises (SMEs) account for over 90% of businesses and 50% of employment of the worldwide population, contributing up to 55% of GDP in developed economies. Thus, it is clear that in developed countries, small firms are the economy. However, the entire realm of entrepreneurship appears to drifting slowly away from the importance of smaller firms and focusing the entire emphasis on the relatively few tech giants. These giant corporations are now viewed through the prism of entrepreneurship. Thus, we ask quo vadis — where will the focus of entrepreneurship be post-COVID-19 — centralization or democratization? For researchers and policy makers, shedding some light on this question may help in the formulation of research agendas and policy directions. Springer US 2021-07-24 2022 /pmc/articles/PMC8302973/ http://dx.doi.org/10.1007/s11187-021-00534-0 Text en © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2021 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic. |
spellingShingle | Article Kuratko, Donald F. Audretsch, David B. The future of entrepreneurship: the few or the many? |
title | The future of entrepreneurship: the few or the many? |
title_full | The future of entrepreneurship: the few or the many? |
title_fullStr | The future of entrepreneurship: the few or the many? |
title_full_unstemmed | The future of entrepreneurship: the few or the many? |
title_short | The future of entrepreneurship: the few or the many? |
title_sort | future of entrepreneurship: the few or the many? |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8302973/ http://dx.doi.org/10.1007/s11187-021-00534-0 |
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