NEWS DIGEST
SCHOOL University of San Andrés Business School CAREER OPTIMISM & RESILIENCE THROUGH THE AGES
COUNTRY Argentina
A new global study involving the University of San Andrés Business School’s Pamela Suzanne seeks to challenge stereotypes linking older age with reduced job adaptability and professional resilience. Drawing on a survey of more than 6,000 professionals from 28 countries, the study found a mixed picture. On the one hand, an increase in age did tend to yield a decrease in a person’s career optimism, defined as having positive expectations about future professional development. On the other hand, as age increased, so too did a person’s sense of career meaning, or the perception of one’s career as personally significant. Moreover, the negative impact of age on career optimism was intensified in countries with high unemployment, while in countries with a strong culture of education, the meaning derived from one’s career was more pronounced with age. “When a country’s educational culture is strong, people find greater meaning and purpose in their careers over time. This leads us to believe that countries that do things well at the macro level have the potential to improve individual aspects related to career resilience,” Suzanne noted. The study recommends raising individuals’ awareness of their weaknesses and strengths to preserve career resilience. For policymakers, it highlights the value of educational investments and initiatives designed to reduce unemployment. EB
APPETITE FOR ENTREPRENEURIAL VENTURES IN CHILE WANES
among women. Although 70 per cent of the population believe they have the capacity to become an entrepreneur, half of those surveyed admitted to having a fear of failure. Fundación Chile president Pablo Zamora noted that, in times of uncertainty, people prefer not to take risks. “I’m not surprised by the decline, especially in those ventures linked to subsistence,” he said. Meanwhile, CIES president Hernán Cheyre warned that entrepreneurship out of necessity, due to the lack of employment, is “problematic” because, in his opinion, the country needs to improve its productivity rate to create innovative companies. Cheyre proposed making progress on several issues, such as “eliminating barriers” to entrepreneurship (both regulatory and competitive), so that new players can challenge incumbents in different industries. He added that it is vital to bring the world of knowledge closer to entrepreneurship, integrating universities and technological developments into the ecosystem. CD
SCHOOL Faculty of Economics and Business Universidad del Desarrollo COUNTRY Chile
he Global Entrepreneurship Monitor (GEM)’s latest national report shows that
T
entrepreneurial intent in Chile has fallen to its lowest level since at least 2010, with businesses less innovative compared to 2023 and a high fear of failure in evidence. Recently presented at the Business and Society Research Centre (CIES), part of the Faculty of Economics and Business at the Universidad del Desarrollo (UDD), the Chilean GEM report was led by Maribel Guerrero, an associate professor at the school. It sought to measure the level of entrepreneurial activity, profile the ecosystem and support public policy design. The main motivation for starting a business was cited as a lack of employment options, especially
SHARE YOUR NEWS AND RESEARCH UPDATES by emailing Business Impact editor Tim Banerjee Dhoul at t.dhoul@amba-bga.com
9
Business Impact • ISSUE 5 • 2025
Made with FlippingBook - Share PDF online