In the aftermath of the global recession, job creation is a policy priority. While it is a well-accepted fact that the majority of jobs are created by small and medium-sized enterprises, not all SMEs are rapidly growing, or even intend to expand. With limited public budgets, business models within the SME population that do show high job creation potential become very attractive.
One of the business types identified as major engines of job creation are ‘born globals’ characterised as firms which engage intensively in internationalisation activities shortly after start-up. They are high on the entrepreneurship research agenda but so far little attention has been devoted to their potential as job creators, the processes they apply when hiring and the barriers they face.
Through a combination of secondary data analysis, literature reviews and international case studies, European Born Globals sheds new light on the motivations and processes of job creation in born global firms. It will contribute to understanding the ‘why’ and ‘how’ of job creation in born globals, essential not only for policy makers, but also for academic research and management education.
Table of Contents
- SMEs and job creation in Europe
- Economic and labour market contribution of European SMEs
- Determinants of job creation in SMEs
- Company external determinants
- Company internal determinants
- Concluding remarks: The profile of the job creating SME
- Born globals’ job creation dynamism – the European perspective
- The business model of born globals
- Economic and labour market contribution of born globals in Europe
- Drivers and constraints for job creation
- Processes and characteristics of job creation
- Job creation in Swedish born globals
- Sweden’s economy and international trade
- Born Globals in Sweden
- Number of employees in born global enterprises
- Willingness and expectation to grow
- Examples of Swedish born globals
- Camp Scandinavia
- Creative industries sector
- Managerial and policy implications
- Employment and job creation in born global enterprises in Austria
- Mapping and characterising born globals in Austria
- The number and share of born globals
- Prevalence of born globals by sector
- Size and workforce of born globals
- Innovation activity of born glob
Irene Mandl is Head of Unit ‘Employment’ at Eurofound and has been working in policy-oriented research on employment and labour market as well as entrepreneurship for more than 15 years. Some of her major research topics refer to SMEs, internationalisation, specific forms of entrepreneurship or new forms of employment.
Valentina Patrini is a researcher at Eurofound. Valentina is mainly focusing on entrepreneurship, internationalisation and innovation and their relationship with employment and job creation. She has ten years of experience in the field of socioeconomic research, including policy evaluations and comparative studies at European level.