In today’s ever-changing economic climate, we must look to innovative solutions that unlock small and medium sized businesses’ potential for driving economic growth, innovation and job creation.
One such organization that is doing just that is long-time SAP partner, Endeavor. Endeavor is leading the movement to identify and support a distinct group of entrepreneurs with the greatest capacity to create jobs in emerging markets and generate the economic growth the world needs. To date, Endeavor’s 600+ high impact entrepreneurs have created more than 180,000 jobs, generating more than $5 billion in revenue.
Endeavor came to us earlier this year to discuss how we could help them clearly and powerfully illustrate the impact of the “Endeavor Effect” – a phenomenon that suggests that Endeavor supported entrepreneurs dramatically outperform peers in revenue growth, job creation and personal development. The answer was clear, thanks to SAP Crystal Dashboard Design. And together, we worked to create analytical dashboards to bring the data to life.
The dashboard analysis combines internal data from the companies of Endeavor entrepreneurs with international company-level data from the Enterprise Surveys of The World Bank. Key metrics include revenue growth, job creation and the direct social effect through the quality of jobs created, including job satisfaction, employee income and employee health and education benefits.
Today, SAP’s Ed Weber previewed the technology dashboards at the Aspen Network of Development Entrepreneurs’ (ANDE) “Metrics from the Ground Up” conference.
Some interesting facts, uncovered in the initial data analysis:
o By examining data across countries and industry sectors, we can see that Endeavor high-impact entrepreneurs are growing revenue 2.4x faster than comparable firms.
o Endeavor firms grew revenue 35% per year for 3 years on average, from $3.8m to $12.7m. Layering in data from the World Bank lets us do some comparisons. Comparable firms grow revenue 14% per year for 3 years.
o We see a similar pattern in job growth. Endeavor high-impact entrepreneurs are creating jobs employees 5.4x faster than comparable firms
o Endeavor firms grow jobs 39% per year over three years, from 89 jobs to 243 jobs. Comparable firms, from World Bank data, increase jobs by only 7% per year.
Endeavor and SAP plan to showcase the success stories of high-impact entrepreneurs and their power to transform local economies. In the process, their hope is to inspire the next generation of entrepreneurs to create businesses and spark a global dialogue about the power of entrepreneurship.
Learn more about how high-impact entrepreneurship can serve as a catalyst for economic growth and job creation. Check out the dashboards at www.endeavor.org/impact/assessment.
And if you’re a qualified non-profit, SAP’s business analytics solutions are available through our software donation program. Visit http://home.techsoup.org/Pages/Category.aspx?category=BusinessObjects to learn more.