|
|
DLSU-ANGELO KING INSTITUTE FOR ECONOMIC AND BUSINESS STUDIES |
Entrepreneurship in the Philippines: 2013 Report Launch
September 5, 2014, Roof Deck, Henry Sy Sr., Hall, De La Salle University
Executive Summary
The Philippines conducted a study on entrepreneurship using the Global Entrepreneurship Monitor (GEM) framework in 2013. The study surveyed 2,500 adults, aged 18-64 representing the 17 regions in the country. The survey described the entrepreneurship indicators in the country in terms of entrepreneurial attitude , activity, and aspiration of Filipinos. The entrepreneurial factor conditions that act as drivers or barriers to entrepreneurship were identified through survey of 39 experts representing entrepreneurs, policy makers, professionals, and socio-civic organizations. Results of the study for the Philippines were also compared to the different economies that participated in the GEM 2013 global study on entrepreneurship.
In 2013, approximately 18.5 million Filipinos are starting or running a new business while close to 6.6 million Filipinos are engaged in business for at least 3 ½ years. The Philippines exhibits the highest rate of business start-up in Asia Pacific and South Asia Region. On the other hand, the country has the highest business discontinuance rate. Majority of the entrepreneurs in the Philippines are driven by necessity given the high unemployment rate and few job opportunities in the country.
Entrepreneurship is seen by the Philippine society as a reliable means to improve one’s economic and social standing. This social and cultural orientation serves as one of the major drivers promoting entrepreneurship. The large domestic market with high consumer spending as well as good education and training also drives the population to engage in entrepreneurial activities.
Program
Entrepreneurship in the Philippines: 2013 Report
September 5, 2014, Roof Deck, Henry Sy Sr., Hall, De La Salle University
Executive Summary
The Philippines conducted a study on entrepreneurship using the Global Entrepreneurship Monitor (GEM) framework in 2013. The study surveyed 2,500 adults, aged 18-64 representing the 17 regions in the country. The survey described the entrepreneurship indicators in the country in terms of entrepreneurial attitude , activity, and aspiration of Filipinos. The entrepreneurial factor conditions that act as drivers or barriers to entrepreneurship were identified through survey of 39 experts representing entrepreneurs, policy makers, professionals, and socio-civic organizations. Results of the study for the Philippines were also compared to the different economies that participated in the GEM 2013 global study on entrepreneurship.
In 2013, approximately 18.5 million Filipinos are starting or running a new business while close to 6.6 million Filipinos are engaged in business for at least 3 ½ years. The Philippines exhibits the highest rate of business start-up in Asia Pacific and South Asia Region. On the other hand, the country has the highest business discontinuance rate. Majority of the entrepreneurs in the Philippines are driven by necessity given the high unemployment rate and few job opportunities in the country.
Entrepreneurship is seen by the Philippine society as a reliable means to improve one’s economic and social standing. This social and cultural orientation serves as one of the major drivers promoting entrepreneurship. The large domestic market with high consumer spending as well as good education and training also drives the population to engage in entrepreneurial activities.
Program
Entrepreneurship in the Philippines: 2013 Report
