ADMS 1000 Lecture Notes - Lecture 10: Crowdsourcing, Gross Domestic Product, Timothy Eaton

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Natalie Guriel

Document Summary

Lecture 10: small business and entrepreneurship in canada. 2nd to us in levels of entrepreneurial activity. 13% of working age population in entrepreneurial activity. No boundaries related to gender, ethnicity, age, etc. 15% of small/medium enterprises (smes) owned by women. 30% owned by women and men (partners) Canada ranks high in proportion of immigrant entrepreneurs. Avoid glass ceiling (eg rise to the top) Employment: in 2015, small business employed over 8. 2 million people (70% of private labour force) Information technology: over 31000 of it companies are small and have fewer than 10 employees. Job creation: small and medium sized enterprises account for over 50% of the canada"s gross domestic product (gdp), almost 90% of the private sector labour force, over three quarters of the new jobs created in the past decade. Innovation and competitiveness: small business account for 27% of total r&d expenses, adopt technology faster than large businesses, react more quickly to organizational change and market challenges.