Positive Analysis Of The Entrepreneurship Characteristic Of Zhejiang's Small And Medium Sized Enterprises

There has been a sharp contrast between the importance of entrepreneurship and its backward status of research in this field. Research has shown that entrepreneurs of small and medium enterprises have created over 70% of the job opportunities and over 70% of the new products and services in America and other countries in the world since 1980s. Compared with other fields, the theoretical and empirical study of entrepreneurship is relatively weak. In recent years, we have become more and more concerned about entrepreneurship. Zhejiang Province has proposed a strategy at a provincial level called "Entrepreneurship to enrich people, Innovation to strengthen the province". It is significant, both in theory and reality, to systematically summarize the characteristics and experience of entrepreneurship and to give directly policy recommendations in order to foster the development of entrepreneurship in Zhejiang Province.This paper begins with a theoretical overview, and then systematically summarizes the theoretical and empirical studies of the trend and modes of entrepreneurship both at home and abroad. Questionnaires have been designed and handed out over entrepreneurs in 1851 small and medium-sized enterprises concerning entrepreneurship. And then this paper conducts analysis on the development and the modes of enterprises, as well as the quality of entrepreneurs and the roles of government. It also evaluates the environment of entrepreneurship.The main conclusions include: (1) Since the 21^st century, Zhejiang Province has entered a mass-entrepreneurship era. (2)The entrepreneurship in Zhejiang is different from other provinces in that it is characterized by forward-oriented. Due to its limited resources within the province, the number of entrepreneurs in Zhejiang who go across the borders of the province greatly exceeds that of other provinces. (3)The main source of entrepreneurs comes from the disintegration of peasants, businessmen, employees and enterprises. In the sample, 34.1 % of the entrepreneurs used to be farmers, 31.4% of the entrepreneurs used to be businessmen, 36.5% of the entrepreneurs used to be employees of local enterprises, 23.4% of the entrepreneurs used to be high-level managers of enterprises. (4)49% of the enterprises believe that a series of policies conducted by governments at all levels in favor of the small and medium-sized enterprises are quite helpful. From 2005 to 2008, enterprises in the sample receive about 33% of government financial aid. (5)Zhejiang Province has a relative advantage in the environment for entrepreneurship. However, it is also faced with problems like rising entrepreneurial cost, lack of financial support, backward status of entrepreneurial education and training and low level of transfer efficiency of research and development. Therefore, we have to rely on and strengthen "Technology Economy "and "Capital Economy", to enhance education, training of entrepreneurship in order to improve entrepreneurship policies to speed up the development of "Entrepreneurial Economy"in Zhejiang Province.