Academic journal article Studies in Sociology of Science

Investigation of Current Returned Students' Entrepreneurial Environment in China

Academic journal article Studies in Sociology of Science

Investigation of Current Returned Students' Entrepreneurial Environment in China

Article excerpt

Ever since the implementation of the reform and opening-up policy, especially the "Recruitment Program of Global Talents", more and more overseas students decide to return to China to serve the country. Meanwhile, a series of supporting policies have been carried out which strongly stirred up returned students' entrepreneurship enthusiasm. Returned students' entrepreneurial activities are increasing dynamically. At present, there are around 160 different kinds and levels pioneer parks in China with more than 10, 000 enterprises in them and about 20, 000 returned students working there. A group of companies, for example, Vimicro, UTStarcom, and Suntech, are growing rapidly.

However, returned students not only have to face numerous complicated challenges during their entrepreneurial process, for instance, ubiquitous risks, changes, and inconsistency that normal businesses have, but also the "Darwin Sea" that technological enterprises are difficult to go across--the wide gap between technique supply and commercial demands. In the early days of entrepreneurship, they still have to face many salient issues such as be acquainted with domestic market environment as fast as possible, learn and understand state laws and regulations, and acclimatize themselves to domestic entrepreneurship innovation culture, etc.. How to further perfect returned students' entrepreneurial environment and policy system and how to improve the livability and success rate of returned students' entrepreneurship when increase efforts to introduce talents is one of the urgent tasks of talent introduction work at present and in near future.

1. MAIN FINDINGS

Entrepreneurship is an open system and a complex process that enterprise highly implants itself to external environment. Hereinto, entrepreneurial team, entrepreneurial environment, and entrepreneurial policies are three main elements influencing the success and failure of entrepreneurship. In this connection, the research group of Chinese academy of personnel science carried out a two-year research and investigation upon the above mentioned aspects by using Global Entrepreneurship Monitor (GEM) model as main analysis tool. The survey has received 1,188 returned student entrepreneurs' (1) entrepreneurial environment questionnaires and 436 related governmental administrative staffs' (2) entrepreneurial environment questionnaires. There are 556 returned student entrepreneurs filling in the subjective feeling questionnaire. 76 returned student entrepreneurs have been interviewed individually. In addition, the research group has compiled and analyzed 357 different levels and types returned students' entrepreneurial policies. The main findings are as below:

1.1 Entrepreneurial Team Is the Principal Form of Returned Students' Entrepreneurship; Returned Students' Subjective Perception and Enterprises' Development Performance Are in Favorable Status.

As the survey showed, returned student entrepreneurs' companies are mostly in the starting stage and their team members own 50.4% company shares in average. In the initial stage of entrepreneurship, the average number of entrepreneurial team members is 6.92 (people). The cohesion of entrepreneurial team has been evaluated highly with the average points 4.14 (the full score is 5) which reflects that returned student entrepreneurial team members have the same targets, team spirit, and relative good leadership and organizational culture.

Returned student entrepreneurs have high job satisfaction (4.11 points), career satisfaction (4.12 points), and happiness (3.74 points) (3). There are 54.4% returned students indicate that they are satisfied with their job achievement and social status and 55.2% think they are very satisfied.

Through subjective assessment of entrepreneurial companies' profitability, development prospect, marketable value, and competitive position, the result shows that returned student enterprises' development performance rated comprehensively 3. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.