Abstract Case Solution
Global Entrepreneur Monitor (GEM) is an organization assigned with researching ways to stimulate entrepreneurship activity during phases of economic decline. The Global Entrepreneur Monitor (GEM) study was organized by many project directors who defined entrepreneurship as “any attempt at new business or new venture creation, such as self-employment, a new business organization, or the expansion of an existing business, by an individual, a team of individuals, or an established business” (Schindler, 2019). The project directors advised the following while using Global Entrepreneur Monitor (GEM): promoting entrepreneurship in a particular age group, making sure resources are there for women to participate in the entrepreneurship process, training opportunities, developing a society that creates, validates, and promotes entrepreneurship, and among others.
The Kauffman Center for Entrepreneurial Leadership (Babson College) and the London Business School worked with each other to deliberate on Global Entrepreneur Monitor (GEM) research, and they found that the research design was missing control of extraneous variables. This information was located from the data that was taken to use from the research from nine nations. The Global Entrepreneur Monitor (GEM) study researchers concluded that the results would prove or disprove a new conceptual model which would forecast economic growth through entrepreneurship activity.
The Global Entrepreneur Monitor (GEM) research is still ongoing, and the new conceptual model is not conclusive. The Global Entrepreneur Monitor (GEM) study will continue to issue a conceptual framework to establish strategies to enhance entrepreneurship activity. The following discussion questions will provide answers on the Global Entrepreneur Monitor (GEM) study variables, the impact of using national experts (key informants), and the impact of the study results.
Independent and Dependent Variables in the GEM Study
Johar (2015) states, in an experiment, the independent variable is the variable that is varied or manipulated by the researcher, and the dependent variable is the response that is measured. In the GEM study, The dependent variable is the economic output state by measuring the Gross Domestic Product (GDP) and job formation and the business dynamics (firms, jobs).
Schindler defines “the dependent variable (DV) is of primary interest to the researcher, it is measured, predicted, or otherwise monitored and is expected to be affected by manipulation of an independent variable (IV), another variable of primary interest” (Schindler, 2019, p. 12). The independent variables are the government policies and initiatives that will promote entrepreneurial activity, the entrepreneurial framework conditions, the general national framework conditions, and the entrepreneurial capacity.
Using Exhibit C-Gem 1-1 Conceptual Model (Schindler, 2019, p. 509), the study’s dependent variables could be confirmed by locating the researchers’ prediction of economic growth (GDP, jobs) and business dynamics on the model. Business dynamics (firms, jobs) are included in the study’s dependent variables instead of an independent variable because of the researchers’ theory of the creation, growth, termination, and the reduction of firms and jobs.
The study’s independent variables are shown in Exhibit C-Gem 1-1 Conceptual Model as promoting entrepreneurial activity, the entrepreneurial framework conditions, the general national framework conditions, and the entrepreneurial capacity. The independent variables in the GEM study are myriad, and they are included in Exhibit C-Gem 1-1 broken down by propositions and thoroughly researched by the project directors of the Global Entrepreneurship Monitor (GEM), researchers at the Kauffman Center for Entrepreneurial Leadership (Babson College) and the London Business School……………………..
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