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Europe’s 500
Europe’s plight
The number one issue facing Europe today is unemployment– In 1970, unemployment in the EU was 2.3% - half
the level of unemployment in the USA
– However, since 1970, 30 million jobs have been created in the USA, compared with 5 million in the EU
Today unemployment in the EU is more than double the level in the USA
The key to employment The key to employment growth in the USAgrowth in the USA
Fast growing medium sized companies Fast growing medium sized companies have have created 80% of the new jobs in the USAcreated 80% of the new jobs in the USA
– 1 in 5 of all medium sized companies in the USA is 1 in 5 of all medium sized companies in the USA is fast growing, compared with 1 in 25 in Europe fast growing, compared with 1 in 25 in Europe
– There are not enough fast growing companies in There are not enough fast growing companies in EuropeEurope
Europe must increase the number of fast Europe must increase the number of fast growing companiesgrowing companies
What is Growth Plus ?What is Growth Plus ?
Growth Plus is the association which brings Growth Plus is the association which brings together Europe’s most dynamic, job creating together Europe’s most dynamic, job creating entrepreneurs. Our principle objectives are:entrepreneurs. Our principle objectives are:
– To promote entrepreneurship in EuropeTo promote entrepreneurship in Europe
– To work with the European Institutions and To work with the European Institutions and
Nationals Governments to improve the environment Nationals Governments to improve the environment
for high growth companiesfor high growth companies
– Provide education and networking opportunities for Provide education and networking opportunities for
entrepreneurs leading fast growing companiesentrepreneurs leading fast growing companies
Mission Mission
Our mission is to promote entrepreneurship Our mission is to promote entrepreneurship throughout Europe and to advise policy throughout Europe and to advise policy makers so as to improve the environment for makers so as to improve the environment for growth companies.growth companies.
Vision Vision
We would like to live in a world where growth We would like to live in a world where growth companies are recognised as the job and companies are recognised as the job and prosperity creatorsprosperity creators..
We want to live in a society where children We want to live in a society where children grow up thinking and behaving in an grow up thinking and behaving in an entrepreneurial manner by taking entrepreneurial manner by taking responsibility for his own future.responsibility for his own future.
Growth Plus ProductsGrowth Plus Products ChaptersChapters
– Austria, France, Germany, Italy, SpainAustria, France, Germany, Italy, Spain– Forming: Belgium, Netherlands, Ireland, Portugal, Forming: Belgium, Netherlands, Ireland, Portugal,
Sweden, U.K.Sweden, U.K.
Europe’s 500Europe’s 500– published annuallypublished annually– lists Europe’s fastest growing companieslists Europe’s fastest growing companies
Research ReportsResearch Reports– published annuallypublished annually– studies Europe’s 500 growth companies and strategiesstudies Europe’s 500 growth companies and strategies
Annual ConferenceAnnual Conference
Funding SourcesFunding Sources Membership duesMembership dues Strategic & Other PartnersStrategic & Other Partners
– 3i3i– Arthur AndersenArthur Andersen– Boston Consulting GroupBoston Consulting Group– BMWBMW– State of BavariaState of Bavaria– Worldcom Group of P.R. companiesWorldcom Group of P.R. companies
Project income (conference registrations, etc.)Project income (conference registrations, etc.)
Objective of the Europe’s 500 Objective of the Europe’s 500 Identify Europe’s fastest growing Identify Europe’s fastest growing
entrepreneurial companiesentrepreneurial companies
Demonstrate the impact of growth companies Demonstrate the impact of growth companies
on job and wealth creationon job and wealth creation
Identify role-modelsIdentify role-models
Celebrate entrepreneurial success in EuropeCelebrate entrepreneurial success in Europe
E-500 : Finding The Winners1998 Europe’s 500 List
Final verification on top 750Review by Country Experts
Elimination/Selection of Companies
Direct verification of 2,000 NominationsMarketing with Letter, Fax & Telephones
1997 Europe’s 2000 Nominations ListBest lists per country
Further data searches on Top 3,000 +also as suggested by Country Experts
5,000 plus listScreened by the Country Experts
Elimination/Nomination of Companies
15,000 + Common DatabaseBased on Dun & Bradstreet Model
Searches on various Search Engines (D&B)
Source 1
Group Nominationse.g. Partners, Usine Nouvelle,...
Source 2
1995 Europe’s 500 databaseData Updating
Source 3
Individual NominationsMainly through direct faxing
Source 4
Source: Growth Plus, Europe’s Unlimited
CriteriaCriteria
Entrepreneur involvement Independence Growth in turnover & employment Organic growth PProfitability Size Minimum 3 years old Willing to particiapte
Birch IndexBirch Index David Birch Employee Growth Index:David Birch Employee Growth Index:
The absolute difference in employment between the upper (1998) and the lower (1993) year,
multiplied by
Employment in the upper year divided by employment in the lower year.
Example : if a company grew from 200 to 800 employees from 1993 to 1998, the Birch index would be :
(800-200) X (800/200) = 600 x 4 = 2400
Employment CreationEmployment Creation
121.528
348.839
0
50000
100000
150000
200000
250000
300000
350000
1993 1998
Employment StatisticsEmployment Statistics
New jobs: 227.311New jobs: 227.311 Percentage GrowthPercentage Growth
Annual: 23.5% Annual: 23.5% Cumulative: 187% Cumulative: 187%
Average per company: Average per company: 455 (from 243 in 1993 to 698 in 1998)455 (from 243 in 1993 to 698 in 1998)
53.2% had less than 100 employees in 199353.2% had less than 100 employees in 1993 1998 Europe’s 500: 181.000 jobs1998 Europe’s 500: 181.000 jobs
Breakdown By CountryBreakdown By Country
16 14 13 10
72
108
18
611
46
2
198 12
42
22
7
74
0
20
40
60
80
100
120
A B DK SF F D GR ICL
IRL I L NL N P E S CH GB
Turnover Increase (Euro bn)Turnover Increase (Euro bn)
13.2
43.4
0
5
10
15
20
25
30
35
40
45
1993 1998
Turnover StatisticsTurnover Statistics
Turnover increase: 30.2 Billion EuroTurnover increase: 30.2 Billion Euro Percentage GrowthPercentage Growth
Annual: 26.8% Annual: 26.8% Cumulative: 228.8% Cumulative: 228.8%
SectorsSectors
Europe’s 500 cover all SectorsEurope’s 500 cover all Sectors Agriculture, Forestry, Fishing & MiningAgriculture, Forestry, Fishing & Mining 55 Construction & MaterialsConstruction & Materials 22 22 Manufacturing - totalManufacturing - total 166 166 Transport & LogisticsTransport & Logistics 17 17 Trade - Wholesale & RetailTrade - Wholesale & Retail 64 64 Services - IT & InternetServices - IT & Internet 127 127 Services - OtherServices - Other 66 66
National StatisticsNational Statistics
Number of CompaniesNumber of Companies Compared to 1998Compared to 1998 SectorSector
ConclusionsConclusions
Mid-size Growth Companies are vital to Mid-size Growth Companies are vital to create jobs in Europecreate jobs in Europe
Growth companies exist in all countries Growth companies exist in all countries Growth companies can be found in all sectorsGrowth companies can be found in all sectors
Government policy should focus on Growth Government policy should focus on Growth Companies (Gazelles), not simply SME’s of Companies (Gazelles), not simply SME’s of Big Business.Big Business.