first barometer of entrepreneurship at hec paris
TRANSCRIPT
All rights reservedMarch 4th, 2015 #HEC4Entrepreneurs
1st barometer of ENTREPRENEURSHIP
@
HEC PARIS
All rights reservedMarch 4th, 2015 #HEC4Entrepreneurs
Context elementsPerimeter definition & survey methodology
• Carried out on 5 graduating classes: 2004, 2011, 2012, 2013 et 2014
• On all courses: Grande École, SM, MSc, MBA & Executive MBA
• 8,500 alumni contacted by phone & mail between November 2014 & January 2015
• 30% response rate
All rights reservedMarch 4th, 2015 #HEC4Entrepreneurs
HEC Entrepreneurs start their businesses ever earlierBusiness creation rate among pre-experience students (Grande École, SM & MSc)
1 year after graduation
0% 10% 20% 30% 40% 50%
2%
13%
15%
6%
19% 2013
2012
2011
2004
All master’s degree holders
Source : APEC 2014
All rights reservedMarch 4th, 2015 #HEC4Entrepreneurs
Entrepreneurship is not privilege of the youngCurrent business creation rate by graduation type (from the class of 2013)
0% 10% 20% 30% 40% 50%
25%
15%
19%
44%
MBA
Executive MBA
All 2013 graduates
Pre-Experience students (Grande École, SM & MSc)
All rights reservedMarch 4th, 2015 #HEC4Entrepreneurs
HEC Entrepreneurs want to stay at homeInternational business creation rate by graduation type
0% 20% 40% 60% 80% 100%
29%
16%
71%
84%
MBA
All graduates
France International
A Multi-sector creationBusiness creation by industry
B2B Services, Legal advice, Accounting & Consulting Internet & Telecom businesses Sports, Event organization,
Media & Advertising
Tourism, Luxury, Wine & Fooding (inc. Restaurant)
Retailing & Distribution
Building, Transport & Heavy industry
25% 20% 12%
8%9%10%
All rights reservedMarch 4th, 2015 #HEC4Entrepreneurs
Innovation is one of the main drivers to entrepreneurship at HECMain drivers to entrepreneurship
0% 10% 20% 30% 40% 50% 60% 70% 80%
14%
19%
39%
47% “Want to be my own boss”
“Want to innovate and create new business models”
National averageSource: Baromètre Envie
d’Entreprendre 2013 (France)
“Take advantage of the Digital Revolution”
“Repelled by big business”
77%
0%
20%
40%
60%
80%
100%
37%
69%
35%
9%
28% 22%
HEC Entrepreneurs know how to partnerDistribution of the numbers of associates among created businesses
HEC Entrepreneurs
With several associates
Alone
With 1 associate
French national averageAPEC 2014
All rights reservedMarch 4th, 2015 #HEC4Entrepreneurs
An ambition for growth that meets the trust of investorsRate of recourse to business angels or private equity
0%
10%
20%
30%
23%
11%
Baromètre Envie d’Entreprendre 2013
(France)
HEC Entrepreneurs
All rights reservedMarch 4th, 2015 #HEC4Entrepreneurs
0%
20%
40%
60%
80%
100%
81%
39%
21%
57%
73%
43%
25%
43%
A supportive entrepreneurial ecosystemGraduates willing to support HEC Entrepreneurs
At least one of those 3 proposals
Mentoring Investing financially in projects
Playing a facilitating role with companies in a
specific sector
All answers
Answers from entrepreneurs
All rights reservedMarch 4th, 2015 #HEC4Entrepreneurs
Main take-aways from the barometerAn HEC Entrepreneur is versatile, deeply connected and works with a comprehensive understanding of his/her environment
Entrepreneurship is a growing trend at HEC
HEC Entrepreneurs know how to surround themselves and create value both for domestic and foreign markets
HEC businesses are reliable and designed to last long