Guest article by Michael Kenward, Science|Business
An annual survey of entrepreneurship starts tracking employees who begin business units inside big companies. It finds they, too, can be sources of innovation.
Policies that concentrate on start-up companies as drivers of job creation may underestimate the importance of entrepreneurs within existing businesses. The Global Entrepreneurship Monitor (GEM), an annual survey of entrepreneurship worldwide now in its 13th year, looked for the first time at the role of entrepreneurial employee activity (EEA). This analysis, says the GEM report last month, "represents a modern view that considers entrepreneurial exploitation by existing organizations and by new business start-ups as two alternative modes of entrepreneurship."