Global Entrepreneurship Monitor
Entrepreneurship Research Journal
Minority Entrepreneurship Research
Later Life Entrepreneurship
Baruch College’s Entrepreneurship research faculty is engaged in multiple, ongoing research projects and scholarly publications in the areas of minority entrepreneurship and later life entrepreneurs. Baruch College also works with Babson College as their only U.S. partner for the Global Entrepreneurship Monitor (GEM).
The Entrepreneurship research faculty includes three Chair Professorships and an array of research backgrounds and expertise including qualitative to empirical research. Faculty strengths laid in varied research foci from family businesses to attribute theory, social entrepreneurship, community impact related to the entrepreneur and later life entrepreneurship. The research faculty seeks to examine real world issues for business owners and offer applications for practice by the field and entrepreneurs. Faculty are engaged in new areas of entrepreneurship research in the areas of technology and innovation, microfinance, sustainability, as well as community development issues and structures, all relative to the entrepreneur.
Our minority entrepreneurship research is unique within the Entrepreneurship field of study and has gained national prominence and recognition. We received the 2008 Award for Exceptional Contribution to Entrepreneurship Research from the Global Consortium for Entrepreneurship Centers.
The Global Entrepreneurship Monitor is the largest and longest-standing globally focused entrepreneurship research. Researchers from Babson College, the London Business School, and a university team for each participating country, explore the role of entrepreneurship in national economic growth. More than 200 scholars and researchers are currently participating in the GEM project. The results of GEM data analysis are used as a key benchmarking indicator by a number of distinguished regional, national and supranational authorities around the world. GEM’s unique ability to provide information on the entrepreneurial landscape of countries in a global context makes its data a necessary resource for any serious attempt to study and track entrepreneurial behavior worldwide. GEM’s renewed vision will allow researchers to further increase their ability to educate policy makers and make a difference in our economies.
In January 2008, Babson College invited Baruch College to join the GEM United States Team. The partnership brings together the expertise from the Blank Center for Entrepreneurial Studies at Babson College with experts from the Lawrence N. Field Center for Entrepreneurship at Baruch College. One of the many interesting synergies of this collaboration is the additional data from the Field Center’s research on minority entrepreneurship. Section 3 of the 2006-2007 National Entrepreneurial Assessment for the United States of America report explores issues related to Korean American and Mexican American business owners and the issues hypothesized to have an impact on business ownership patterns including education, gender, family structure and responsibilities, access to capital, business experience, personal and family goals, and business management and performance. The GEM 2008 Adult Population Survey includes several new questions aimed at shedding more light on minority entrepreneurship.
The Entrepreneurship Research Journal serves as a forum for forum for scholarly discussion on entrepreneurs and their activities, contexts, processes, strategies, and outcomes. Lawrence N. Field Programs Academic Director Ramona Zachary serves as the co-Editor-in-Chief of this academic journal that conducts research on fields of entrepreneurship. The four main areas of entrepreneurship research the ERJ is focused on are Research Modeling, Design and Methods; The Individuals-Opportunities-Resources Nexus; Inclusive of Near Environments; and Distinct Entrepreneurial Stage or Setting.
2003 and 2005 National Minority Business Owners Surveys
The Lawrence N. Field Center for Entrepreneurship established the Minority Business Research Group (MBRG) involving researchers from the Baruch Community, the larger City University of New York (CUNY) system and other researchers nationwide. The first priority of the MBRG is to analyze and disseminate the recently completed multi-year data-collection project focusing on minority entrepreneurship in the United States entitled, the National Minority Business Owners Surveys (NMBOS). The purpose of these studies is to explore minority entrepreneurship issues by examining the patterns of business ownership among White, African-American, Korean-American and Mexican-American business owner’s populations on various measures. The 2003 National Minority Business Owners Surveys on Whites and Blacks (2003 NMBOS) and the 2005 National Minority Business Owners Surveys on Koreans and Mexicans (2005 NMBOS) explored the issues which are hypothesized to have an impact on business ownership patterns are education, gender, family structure and responsibilities, access to capital, business experience, personal and family goals, and business management and performance. Future research efforts will attempt to link these data to a yet to be collected subsample from the regular GEM surveys but for U.S. minority entrepreneurs.
The 2003 and 2005 National Minority Business Owners’ Surveys (NMBOS) represent a concerted research effort to reach selected minority populations using nationally representative sampling frames targeted at those minority populations and their families as well as conduct in-depth interviews for both the business and the household. Using nationwide samples, the 2003 NMBOS concentrated on the African American and Whites and 2005 NMBOS sampled Korean and Mexican Americans. The purpose of the interviews was to systematically explore minority entrepreneurship issues to reveal the patterns of business ownership and to compare and contrast the minority group samples with a nonminority sample of white business owners. A distinguishing characteristic of these surveys is its emphasis on family owned businesses. This allows analysis of the interaction and influence of family owned businesses on household functions and activities and vice versa. At least 74% of all four samples considered themselves to be family owned businesses. This is similar to other comparable national surveys of family businesses. The 2003 and 2005 NMBOS data includes information about goals, attitudes, personal and business financial characteristics, family issues, management style, retirement plans, and social agenda, it can give us insight into the differences between these groups of entrepreneurs while providing detail about the characteristics of their businesses.
The Field Center has established a private website for researchers interested in the data, to access send an email to Lendynette Pacheco at Lendynette.Pacheco@baruch.cuny.edu. Please identify yourself, school affiliation, and area of expertise.
LATER LIFE ENTREPRENEURSHIP
A focus of research at the Field Center is the examination of trends and issues of Entrepreneurship among populations over the age of 50. In 2006, the Field Center, along with AARP, ran the first symposium to bring together experts in the areas of aging, employment and entrepreneurship to discuss the relevant issues and lay out a path for future study. Among the organizations and institutions represented at this symposium were Boston College, the University of Miami, the United Jewish Appeal, the Kauffman Foundation, the New School, and the Conference Board. Based on the conclusions that came from the discussions at the symposium, the faculty at the Field Center, along with colleagues from other institutions, is now carrying out research using existing data sources to learn more about this important and growing trend of entrepreneurship among older populations. In the future, the Field Center hopes to carry out data collection activities to further study and inform public policy in this area. To further explore this area, the Field Center in association with AARP hosted an event called Take Two for aspiring entrepreneurs and business owners ages 50 and over.