America values entrepreneurship more than most other countries in the world, according to the results of a new survey released this week.
Market research company Penn Schoen Berland authored the Corporate Perception Indicator for CNBC and Burson-Marsteller by surveying more than 25,000 people in 25 different countries, gauging both top executive and general public opinion on the impact of corporations on society and on the economy.
The United States' positive outlook towards entrepreneurship beats out countries in both the developed and developing world. Less than 10 percent of respondents from Germany, China, Japan and Singapore view small business as contributing significantly to economic growth, compared to more than a quarter of American respondents.
Here's a breakdown of the CNBC/Burson-Marsteller Corporate Perception Indicator findings:
- 51 percent of US respondents look favorably on small businesses, compared to 29 percent of respondents in other countries.
- 25 percent of US respondents trust small businesses to guide the economy, compared to 11 percent of respondents in emerging countries and 15 percent in developed countries.
- 26 percent of US respondents see small businesses as predominately driving economic growth, while other developed markets are more likely to point to the government.
- 28 percent of US respondents say small businesses are most responsible for job creation, compared to 18 percent of respondents in other countries.
This optimism comes from U.S. culture, which holds successful entrepreneurs--like Bill Gates and Mark Zuckerberg--as popular icons emblematic of the American Dream, according to a CNBC report on the survey. Professor Donna J. Kelley of Babson College suggests that other factors that affect entrepreneurship include social welfare programs, unemployment benefits, and comparatively large government. Large social safety nets can deter entrepreneurship, CNBC reported.
"If I have to face a lot of government-imposed restrictions on a business I'm starting, including being unable to fire or lay off employees, there is less incentive to venture into entrepreneurship," Kelly told CNBC.
With opportunity perceptions at an all time high of 47.2 percent, the time has never been better to launch your business on U.S. soil.
View the full report here: