mchmura

Professor Candida Brush Receives Karl Vesper Entrepreneurship Pioneer Award

Babson Entrepreneurship Division Chair and Professor Candida Brush has received the Karl Vesper Entrepreneurship Pioneer Award. The Vesper award is given each year in conjunction with the Experiential Classroom to an individual who epitomizes the concept of an ‘academic entrepreneur’ — a person who with passion and perseverance has enabled entrepreneurship to expand both in…

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Babson Faculty

How Women Entrepreneurs Are Transforming Economies and Communities

This post originally appeared on Forbes. By: Candida Brush Chair, Entrepreneurship Division For the first time in 13 years, the Global Entrepreneurship Monitor (GEM) study of 59 economies shows that women are creating businesses at a greater rate than men in three economies and in four others, the rates are nearly equal. In Ghana, Nigeria…

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mchmura

Are You An Entrepreneur?

  Most people would say “no” to this question- but this is largely because entrepreneurship is narrowly defined as ‘starting a business’- by this definition, a comparatively small population of people are entrepreneurs.  The United States Global Entrepreneurship Monitor http://www.babson.edu/Academics/centers/blank-center/global-research/gem/Documents/GEM%20USA%20Executive%20Report%202010.pdf  shows that only about 7.7% of the US population is actively engaged in starting a…

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mchmura

Still A Glass Ceiling For Women Seeking Equity Capital

Last week I had the pleasure of teaching a seminar for the top Entrepreneurial Winning Women who have been recognized by Ernst and Young.  These women are successful in every way, at the top of their game, and have sales of a million to tens of millions.  They have businesses in every sector- software, fitness,…

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mchmura

It’s Not Just Full Time Jobs That Matter

The recent reports about jobs raises a question about how entrepreneurial businesses actually grow.  Traditionally, policy-makers, academic researchers, entrepreneurs and governments measure the number of full time jobs created as the single most important mark of economic growth.  Clearly when companies increase the number of full time employees, this translates into an impact on many…

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mchmura

Why Women Entrepreneurs Don’t Receive Funding

I recently completed a webinar reporting the findings of our Global Entrepreneurship Monitor (GEM) Women’s Report.  This study compared women’s and men’s entrepreneurship in 59 economies around the world. One of the key findings is that women tend to close their businesses because they have challenges in getting funding.  We know from earlier research on…

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mchmura

Where Are The Women Entrepreneurs?

Wednesday we released the Global Entrepreneurship Monitor (GEM) Women’s Report on Capitol Hill in Washington D.C.  This report is the most comprehensive research on attitudes and behaviors of men and women entrepreneurs in the world.  Prof. Donna Kelley of Babson College presented a summary of the report which notes that there are 104 million early…

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Making A Difference With Customer Service

New Zealand is the country of small businesses and the entrepreneurial spirit is alive and well.  This past week I traveled from Auckland, to Wellington, to Dunedin and up through the lake country of the South Island. Of the 50 million sheep in this country, I think I have seen about 250,000 (give or take…

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mchmura

Global Mega City Vs Small Regional City

I had been with Professor Brush to attend the JASVE conference in Niigata, Japan.(See her two recent blog entries – #1 and #2).The conference’s theme for this year was “New Venture Creation and Regional Economies (roughly translated),” and it is certainly a reflection of the long-held concerns about bi-polarization of economic development and activities between…

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mchmura

Japan Academic Society for Ventures and Entrepreneurs

“Entrepreneurial Thought and Action” is a key aspect of our strategy at Babson College (http://www.babson.edu).  These concepts imply that entrepreneurship is a mindset, an approach and that ideas not executed will not result in either social or economic outcomes.  I was in Niigata, Japan yesterday doing a keynote address for a gathering of the 600…

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