Accenture Releases Study on the Entrepreneurial Spirit

For those of you who thought being an entrepreneur means going it alone, you may be in for a bit of surprise. A new survey conducted by Accenture over a period of 18 months shows that true and effective entrepreneurship is really a collaborative effort. Survey results also show that American business owners are among the least likely to embrace this theory.

For the study, "Liberating the Entrepreneurial Spirit," Accenture interviewed 880 senior executives from organizations around the world, including 110 dot-com leaders. The survey encompassed 22 countries and businesses of all sizes.

Globally, there is a great disparity in the need for and the meaning of entrepreneurship. In Japan, for example, 70 percent of executives who participated in the survey feel an entrepreneurial society is greedy. Only 31 percent of all survey participants expressed this view.

Collaborative entrepreneurial effort should include application of teamwork skills as well as encouragement by management to be creative and take risks without fear of failure.

Overwhelmingly, 95 percent of business owners believe entrepreneurship is important to their success, but few are actively promoting that value. Only 50 percent of business leaders indicated they provide training in this area. Reinhard Ziegler, a managing partner in Accenture's Human Performance Practice said, "The reality of today's marketplace is simple: companies that engage in organizational entrepreneurship will ultimately become tomorrow's market leaders. However this push will require firms to rethink their cultures and create systems that encourage and reward entrepreneurial behavior."

The "Liberating the Entrepreneurial Spirit" study may be downloaded from the Accenture Web site.

You may like these other stories...

For the first time in the five-year history of Vault.com’s rankings of the top 50 accounting firms to work for in North America, a firm has held the top spot as best accounting employer for two consecutive years....
With tomorrow being Tax Day, you might see some procrastinators at your office filling out forms, printing out paperwork, or getting last-minute tax advice from their accountant so they can meet the IRS’s filing...
You can read volumes on how to manage an accounting practice. But if you want the quick version, just read the following four points. Everything else is just commentary.  (These points come out of the 1997 book, The...

Upcoming CPE Webinars

Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
Apr 30
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.