This is just the start because job creation, growth and competitiveness need constant attention. The guiding principle of the Government's Industry Innovation and Competitiveness Agenda is to focus on Australia's strengths,
Entrepreneurship and a flourishing start-up community promote job creation and productivity growth. These types of businesses benefit the broader economy by testing new ideas,
The Government, in consultation with industry, will establish Industry Growth Centres at a cost of $188. 5 million over four years to drive growth and job creation, initially for five promising industries.
Job creation in market and non market industries since the global financial crisis*'Non-market'comprises Public Administration and Safety, Education and Training,
Ambition 4 69 Austrade provide reliable information about markets, technology and business models to small and medium enterprises, accelerating industry growth and job creation.
Improve taxation arrangements for Employee Share Schemes Job creation and productivity growth don't just happen in a vacuum,
The Role of Entrepreneurship in US Job creation and Economic Dynamism. Journal of Economic Perspectives, 3-24.
and strategic focus promises significant impact on economic growth and job creation, and has the potential to act as a catalyst by contributing to and/or leveraging other activities supported,
OECD. OECD, 1998, Technology, Productivity and Job creation: Best Policy Practices, Paris: OECD. OECD, 1998, Main Science and Technology Indicators, Paris:
They are a major source of job creation (Storey et al. 1987, Castrogiovanni 1996, Clark III and Moutray 2004) and they represent the seeds for future large companies and corporations (Castrogiovanni 1996, Monk 2000).
and to achieving the Europe 2020 objectives of new growth and job creation. Procurement of Innovation Platform The Procurement of Innovation Platform19 is an online hub developed by ICLEI (an association of over 1200 local governments) to help public authorities with Public Procurement of Innovation (PPI) and Public
industry settlement, job creation, investment, patents, and new products, visibility on the national and international level.
covering the impacts of Clusters and Technopoles on value added, job creation, transformation of economic structure etc.;
, NO 11 empowerment, job creation, and employment within disadvantaged communities (Daves 2001). SMES have a valid claim to heightened relevance,
Job creation Effects of R&d Expenditures: Are High-tech Sectors the Key? IPTS WORKING PAPER on CORPORATE R&d AND INNOVATION-No. 10/2011 December 2011 http://iri. jrc. es/papers/WP%2010-2011. pdf Einiö
This explains the overriding focus in Europe on job creation and the concern that productivity growth will conflict with job growth.
as the top priority. 156 As long as European policymakers continue to place job creation above productivity it will be difficult to close the productivity gap with the United states. To be clear, in the aftermath of the Great Recession and the relatively anemic job growth in Europe (and the United states),
job creation is important. But productivity growth is just as important, and will become even relatively more important as the years go on.
job creation and inclusive growth The Commission will present a set of policy recommendations throughout 2011,
& Targets set out in the National Reform Programme 16 2. 2. 2 National Action Plan for Jobs The irish Government Strategy for Job creation and the
job creation and profitability in a company. 26 3. 5. 3 High Potential Start ups High Potential Start-ups (HPSUS) are start-up businesses developing an innovative product
High potential start-ups are major contributors to job creation and economic prosperity. HPSU activity in the Midwest Region has been low in recent years.
which in turn will lead to job creation. Funding has been provided to establish industry-led technology centres. The centres are a joint initiative between Enterprise Ireland and IDA Ireland
Survival Job creation Salary levels Tax+23%+35%+19%+34%Figure 5. 3 Survey of new firms locating in clusters in Sweden (Source:
and ICT applications to GDP growth and job creation. 39 ICTS also provide increased access to education, government and health services,
and hunger) Increase GDP growth and job creation Locate and track outbreaks of disease and famine Provide more accurate weather information that helps to increase agricultural production Delivery of real-time market information/sales prices for farmers MDG2 (Achieve universal primary education) Improve access to education through mobile technologies/remote
and overcome national challenges (such as rising health care costs, job creation, natural disasters and nationals security). At the European level, the improvement of the analytics and data processing, especially Big data, will allow to:
Single European Market6 Growth and job creation cannot be achieved without a stronger deeper and expanded single market.
because it includes telecoms) has accounted for 25%of net job creation and growth 19 Forrester consulting, May 2009, Study on"A Single Market for Information Society".
and job creation. Ms. Fia Gulliksson (a chef and restaurant owner) saw the benefits of developing Ostersund as a city of gastronomy Execution In 1996,
or more within five years and are a primary source of job creation. 18 O P E N I N N O V A t I O N y E A r B o
Greater economic policy coordination (1) across the EU will help Member States to address these problems and boost growth and job creation in the future.
and (c) inclusive, with a strong emphasis on job creation and poverty reduction. Based on these three mutually reinforcing priorities,
Finally the platform infrastructure is offered as a stable infrastructure for large-scale trials and as an enabler to SMES for growth and job creation.
AND CONCLUSION SMES play an increasingly important role in innovation and job creation, but are nevertheless left out of the research on open innovation,
and private funding for growth and job creation and will reduce regional disparities in Hungary. Investments will focus on enhancing innovation activity
In recent years, research has substantiated widely the importance of high-growth new companies for job creation. The number and share of high-growth enterprises is small,
Is it more efficient (in terms of economic growth and job creation) to support all SMES"a little bit, "or to concentrate efforts on those with the highest growth potential?(
The importance of high-growth new companies for job creation has in recent years been substantiated widely by economic research.
The study found that the top 1%of all companies ranked by the level of revenue (job creation contributes 44%(40%)of total sector revenue (job creation. 39 It is
Is it more efficient (in terms of economic growth and job creation) to support all SMES"a little bit, "or to concentrate efforts on those with the highest growth potential?
In recent years, research has substantiated widely the importance of high-growth new companies for job creation. The number and share of high-growth enterprises is small,
Is it more efficient (in terms of economic growth and job creation) to support all SMES"a little bit, "or to concentrate efforts on those with the highest growth potential?(
The importance of high-growth new companies for job creation has in recent years been substantiated widely by economic research.
The study found that the top 1%of all companies ranked by the level of revenue (job creation contributes 44%(40%)of total sector revenue (job creation. 39 It is
Is it more efficient (in terms of economic growth and job creation) to support all SMES"a little bit, "or to concentrate efforts on those with the highest growth potential?
1) The Digital Agenda for Europe seeks to optimise the benefits of information technologies for economic growth, job creation and the quality of life of European citizens,
Job creation needs to focus on the advanced sectors, the public sector, health and education, retail, tourism, green energy and e-business.
The immediate priority is a return to growth and job creation, whilst the mid-and long-term challenges include increasing global competition, population ageing,
Europe 2020 Job creation and poverty reduction More efficient investment in researchand innovation Promoting a lowcarbon economy and competitiveindustry 1. Framework 12 Within this framework, Innovation Union, one of the seven
To generate new economic and job creation opportunities. Objectives 3. Tools and Policies 35 Main stakeholders Companies, business associations, cluster organisations, universities, research centres, technology centres, foundations and institutions linked to R&d&i,
To generate new economic and job creation opportunities in the territory. Main stakeholders Local authorities, companies, business associations, cluster organisations, universities, research centres, technology centres and other bodies in the territory.
Support for businesses and job creation are, therefore, the central pillars of the Catalan Digital Agenda,
and job creation Efficient use of resources Context indicators Output indicators Results and impact indicators Assets Process Impact Impact on the territory Leading sectors Emerging activities
The immediate priority is a return to growth and job creation, whilst the mid-and long-term challenges include increasing global competition, population ageing,
Europe 2020 Job creation and poverty reduction More efficient investment in researchand innovation Promoting a lowcarbon economy and competitiveindustry 1. Framework 12 Within this framework, Innovation Union, one of the seven
To generate new economic and job creation opportunities. Objectives 3. Tools and Policies 35 Main stakeholders Companies, business associations, cluster organisations, universities, research centres, technology centres, foundations and institutions linked to R&d&i,
To generate new economic and job creation opportunities in the territory. Main stakeholders Local authorities, companies, business associations, cluster organisations, universities, research centres, technology centres and other bodies in the territory.
Support for businesses and job creation are, therefore, the central pillars of the Catalan Digital Agenda,
and job creation Efficient use of resources Context indicators Output indicators Results and impact indicators Assets Process Impact Impact on the territory Leading sectors Emerging activities
and enduring job creation. After exiting the EU IMF Programme, the Government is focused on maintaining the reform momentum to achieve the goals of creating more jobs to enhance living standards
and innovation, delivering on an agenda of enterprise transformation to create a competitive and sustainable platform for growth and job creation.
and enduring job creation. After exiting the EU IMF Programme, the Government is focused on maintaining the reform momentum to achieve the goals of creating more jobs to enhance living standards
and innovation, delivering on an agenda of enterprise transformation to create a competitive and sustainable platform for growth and job creation.
This has contributed not only to significant investment and job creation, but has played an important role in integrating the West Region ever more tightly into the European economy. 66.
and processes that will lead to job creation and increased exports. Enterprise Ireland is a body corporate established by the Industrial Development (Enterprise Ireland) Act
job creation from new firm start-up and SME growth and productivity improvements from increased new and small firm innovation.
Many empirical studies have shown the aggregate relationships between entrepreneurship and SME activity and economic growth and job creation.
These growth and job creation effects happen through innovation as new firm creation and SME growth increase productivity and bring new
) There is also an important link between new and small firm activity and job creation, as new and small firms take up labour released by downsizing elsewhere in the economy and increase national and local competitiveness (Neumark et al.,
Stangler and Litan (2009) for example show that from 1980-2005 nearly all net job creation in the United states occurred in firms less than five years old,
This job creation function of entrepreneurship and SME development is of great relevance to the recovery from the global financial
and services and increasing efficiency but also for meeting the job creation challenge of high unemployment. In the short to medium term there is a real opportunity for governments to use policies for entrepreneurship
and SME innovation to meet productivity and job creation objectives at the same time. There is growing, if still insufficient
and grow so that recent job destruction is balanced by job creation in the short to medium term.
Daviddson, P.,L. Lindmark and C. Olofsson (1999), SMES and Job creation during a Recession and Recovery, in Z. Acs, B. Carlsson and C. Karlsson (eds.
Job creation by Firm Age, Small Business Policy Branch, Industry Canada, Ottawa. Haltiwanger, J. 1999), Job creation and Destruction by Employer Size and Age:
Cyclical Dynamics, in Z. Acs, B. Carlsson and C. Karlsson (eds. Entrepreneurship, Small and Medium-Sized Enterprises and the Macroeconomy, Cambridge university Press, Cambridge.
The programme also received an additional CAN 45 million for the financial year 2009-10 as part of the Economic Action Plan's specific effort to stimulate job creation and the economy in Southern Ontario.
incentive tools for local consumption (credit card and social currency) and new ways of commercialisation (fairs, solidarity shops/stores) promoting local job creation and income generation.
which aims to support the modernisation of institutions and job creation through the annual inclusion of 1 000 qualified young people in social economy institutions.
In fact, investments in high speed rail have been estimated to have potential to add 2 to 3%to countries'GDP growth through wealth and job creation.
and smartphone applications has the highest potential in terms of job creation. Filling the gaps Moreover, the ICT sector will be in a desperate need for skilled workers, according to experts.
Mobilising to Support Job creation and Upskilling of the Workforce in Athens, Greece. Sirros said that due to the crisis,
job creation and loss, profit and loss of companies, and, ultimately, prospects for economic growth, national security and the quality of life.
the so-called gazelles that believed to be responsible for the bulk of new job creation, technology progress, and economic growth.
Long term economic difficulties are focused attention on the importance of innovation and technological progress for business competitiveness, sustainable growth and job creation.
which further economic development and job creation can be built. Advancement in science is crucial to the improvement of our quality of life as this includes matters of direct concern to Europeans such as health, air and water quality.
job creation, 30 REPORT ON JOINT EUA-REGIO/JRC SMART SPECIALISATION PLATFORM EXPERT WORKSHOP: THE ROLE OF UNIVERSITIES IN SMART SPECIALISATION STRATEGIES enhanced productivity, enhanced revenue generation and increased competitiveness.
Put simply, job creation and tackling social challenges must go hand in hand for sustainable economic growth in Europe.
and job creation (see, for example Startx, Stanford's student start-up accelerator, which in less than a year 6 trained 90 founders and 27 companies4,
In a globalised economy, open markets and a predictable trade policy are pivotal in furthering Europe's competitiveness and job creation.
The next five years will be critical in returning the European economy to growth and job creation. Retail and wholesale can contribute,
The life stages in practice Dynamics of being a Young company Dynamics of being an Adolescent company Dynamics of being a Maturing company Dynamics of being an Adult company Reflections on impact and job creation Chapter 5:
However, in absolute terms, job creation is highest in this and the next life stage an important consideration for policy makers.
The founders of these firms marshal their forces along very different paths of innovation and job creation.
The research covered business strategies, economics and job creation. Entrepreneurial Ecosystems Around the Globe and Company Growth Dynamics, in collaboration with Stanford university, Endeavor Global and EY, analyzed what makes entrepreneurial companies successful in accessing new markets and scaling around the globe.
in that a small number of companies is responsible for the majority of observed benefits in job creation,
This is usually recognized in job creation, but applies equally to other aspects of entrepreneurial impact. Classical definitions,
Fig 2. 2 Dimensions of entrepreneurial impact Fig. 2. 3. Relative job creation over 2 years for Eoy sample Innovation/customer benefits Job creation Wealth
creation Societal impact Impact on job creation The 628 companies studied in this report created approximately 162,000 net jobs over the most recent two-year fiscal period prior to the 2013 competition.
Fig. 2. 3. shows the relative job creation over 2 years for the whole sample, award winners and national finalists.
when it comes to job creation, a narrow focus on early-stage companies would be misguided. 0 200 400 600 800 1000 1200 Median headcount COMPANY AGE RANGE Number of employees Net change in number of employees,
) 15,20) 20,25) 25,30) 30,35) 35,40) 40,45) 45,50) COMPANY AGE RANGE YEARS Fig. 2. 4. Employment and job creation by company age Impact on wealth
just as innovations in product, job creation and capital deployment are. High-impact Entrepreneurs Who Transform Industries 13 Chapter 3:
Finally, the chapter will revisit the question of job creation across life stages and industries to arrive at some insights that might stimulate the rethinking of some established paradigms.
therefore with two proxies one the concept of marginal job creation (a concept we will return to later in more detail) how many new jobs a company creates as a percentage of its existing workforce over a certain time frame.
At the same time, the US economy added 3. 6m jobs to an existing base of approximately 136m a marginal job creation rate of 2. 64%.
Median Return on Assets data for Entrepreneur Of The Year participant companies Fig. 4. 3. Marginal 2-year job creation rates for Eoy sample and the US economy
Roa EBITDA/sales sales/assets 32 The Bold Ones Reflections on impact and job creation In this closing section, we revisit briefly the impact discussion in Chapter 2,
along the dimensions of Innovation and customer benefits Job creation Wealth creation Societal impact It is implicit from the life stage discussion that individual companies will have different profiles along those impact dimensions during their life.
A cash-strapped startup will 15.9 18.0 53.2 55.0 37%76%53%26%Young Adolescent Maturing Adult Total new jobs'000 Marginal job creation
however, is on the topic of job creation. Fig. 4. 16 shows marginal and absolute job creation rates over two years by life stage.
A marginal job creation rate of 37%for Young companies means that over the course of two years,
they added 15,900 jobs to a base of 58,700. The results fall in line with a lot of academic research the lion's share of marginal job creation takes place when companies scale, not in the start-up phase.
It is worth noting that the sample results are skewed by some large Young companies in the Traditional industry group.
when applying, we can compare the relative job creation rates as exemplary for high-impact companies across the US economy.
Absolute and marginal two-year job creation by Eoy contestants by life stage As probably expected, the marginal job creation rate is highest for Frontier industries and lowest for Traditional industries
and plot again absolute and marginal job creation at the level of a median company in each industry group, displayed in Fig 4. 18.
High-impact Entrepreneurs Who Transform Industries 33 24.1 77.1 40.8 63%33%37%Frontier Traditional Services Total new jobs'000 Marginal job creation
Absolute and marginal two-year job creation by Eoy contestants by industry group As an example, the median Frontier company started with 98 employees two years ago
While again marginal job creation is highest in the Frontier category, it is interesting that Services companies create the highest absolute number of jobs at a per-company level.
Median absolute and marginal two-year job creation by Eoy contestants per company 62.0 60.0 72.0 65%32%42%Frontier Traditional Services Total new jobs
Marginal job creation 34 The Bold Ones High-impact Entrepreneurs Who Transform Industries 35 After an extensive analysis of a data set containing some of the most impressive entrepreneurs
to consider how the company can have the biggest impact on innovation and customer benefits, on job creation, on wealth creation,
and to shape agendas in areas of job creation and financing Conclusions for policy makers how to support high impact entrepreneurs Policy makers often have an uneasy relationship with entrepreneurs on the one hand,
In addition, it should be clear from our discussion in the closing section of the last chapter that different industry groups have both different job creation profiles (if that is the relevant policy context) and different needs.
putting at risk its outlook for productivity, growth, human capital development and job creation. This report, part of the World Economic Forum's Fostering Innovation-driven Entrepreneurship in Europe project, examines
and on job creation in organizations featuring programme participants. 17 This is strongly reinforced by the Forum's survey,
and entrepreneurship is the driving force behind employment and job creation in Portugal. A recent success in fostering entrepreneurship:
and (e) a network of welfare at the service of society in terms of education, health and social welfare (beyond social principles), considered as key factors of competitiveness as well as sources for economic development, job creation, new industries and clusters.
Job creation and Labor Reform in Latin america. Journal of Comparative Economics 37 (1): 91 105. Kaufmann, D. and T. Vishwanath. 2001.
because most are prerequisites for job creation and long-term sustainable growth. This link is one of the reasons that policymakers find them attractive.
The government continues to emphasize ICTS as a promising tool to address some of the country's priorities such as job creation, corruption, red tape, and education.
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