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ledoM MEG
GEM Model
Social, Cultural, Political Context
General National Framework Conditions
Entrepreneurial Framework Conditions
Major Established Firms
Micro, Small and
Medium Firms
Entrepreneurial Opportunities
Entrepreneurial Capacity
Business Dynamic
National Economic
Growth
Micro, Small and
Medium Firms
(Secondary Economy)
Social,
Cultural,
Political
Context
General National
Framework Conditions
Openness (External Trade)
Government (Extent Role)
Financial Markets (Efficiency)
Technology R&D (Level, Intensity)
Infrastructure (Physical)
Management (Skills)
Labor Markets Flexible)
Institutions (Unbiased, Rule of Law)
Major
Established Firms
(Primary Economy) National
Economic
Growth
(GDP, jobs)
Social,
Cultural,
Political
Context
Entrepreneurial
Framework Conditions
Financial
Government Policies
Government Programs
Education & Training
R&D Transfer
Commercial, Legal Infrastructure
Internal Market Openness
Access to physical Infrastructure
Cultural, Social Norms
Entrepreneurial
Opportunities National
Economic
Growth
(GDP, jobs)
Entrepreneurial
Capacity
Skills
Motivation
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profit - Making & Opportunity
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Intrapreneurship or
Corporate Venturing
Entrepreneurial Organization
Non - Profit Institutions
Govgernmental
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Renewal
Changing the Competition Rules
social Entrepreneurship
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