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Long-Term and Lasting Impacts of Personal Initiative Training on Entrepreneurial Success
世界银行·2024-10-01 23:03

Investment Rating - The report indicates a strong positive impact of personal initiative training on entrepreneurial success, suggesting a favorable investment outlook for programs that incorporate such training methodologies [10][48]. Core Insights - Personal initiative training in Togo resulted in an average increase of 91inmonthlyprofitsaftersevenyears,whichisa5291 in monthly profits after seven years, which is a 52% increase over the control mean [10][33]. - The training had a lasting impact on men, with their profits increasing by 148 after seven years, while the impact for women diminished to 39,indicatingasignificantgenderdisparityinlong−termoutcomes[11][35].−Thestudyhighlightsthattraditionalbusinesstrainingdidnotyieldstatisticallysignificantlong−termimpacts,contrastingsharplywiththesustainedbenefitsofpersonalinitiativetraining[10][48].SummarybySectionsIntroduction−Thereportdiscussestheimportanceofevaluatingthelong−termimpactsofbusinesstrainingprograms,particularlyindevelopingcountries,whereshort−termevaluationsarecommon[7][8].ExperimentalDesignandPersonalInitiativeTraining−Thestudyinvolved1,500smallbusinessentrepreneursinTogo,withafocusonthoseoperatingoutsideagricultureandnotformallyregistered[12][13].−Thepersonalinitiativetrainingprogramaimedtofosteraproactiveentrepreneurialmindset,contrastingwithtraditionalbusinesstrainingthatfocusedonstandardbusinesspractices[17][18].Long−TermFollow−upImpacts−Thesurvivalrateofbusinesseswashigh,with8839, indicating a significant gender disparity in long-term outcomes [11][35]. - The study highlights that traditional business training did not yield statistically significant long-term impacts, contrasting sharply with the sustained benefits of personal initiative training [10][48]. Summary by Sections Introduction - The report discusses the importance of evaluating the long-term impacts of business training programs, particularly in developing countries, where short-term evaluations are common [7][8]. Experimental Design and Personal Initiative Training - The study involved 1,500 small business entrepreneurs in Togo, with a focus on those operating outside agriculture and not formally registered [12][13]. - The personal initiative training program aimed to foster a proactive entrepreneurial mindset, contrasting with traditional business training that focused on standard business practices [17][18]. Long-Term Follow-up Impacts - The survival rate of businesses was high, with 88% in the control group and 91% in the personal initiative training group still operational after seven years [30][31]. - The report shows that the personal initiative training group experienced significant increases in profits and sales, with a cumulative gain of over 6,900 over 7.5 years, representing a return of over 900% on the training cost [33][48]. Gender Heterogeneity in Treatment Impacts - Initial impacts of personal initiative training were similar for both men and women, but long-term effects diverged significantly, with men experiencing sustained growth while women's profits converged back towards the control group [34][41]. - The report suggests that women may face industry-specific constraints and redirect their entrepreneurial efforts towards household needs, limiting their long-term business growth [42][47]. Discussion and Conclusions - The findings indicate that personal initiative training is particularly effective for men, suggesting a need for complementary interventions for women to enhance their long-term business outcomes [49].