EU COMPANIES LAGGING BEHIND AS GLOBAL GROWTH COMPANIES
Submitted by christian on Thu, 04/26/2012 - 13:13
Back in 2007, the World Economic Forum formed the Community of Global Growth Companies (GGC) to engage dynamic high-growth companies with the potential to be tomorrow's industry leaders and to become a driving force of economic and social change.
In order to be considered as a Global Growth Company, a company must demonstrate:
- Consistent annual growth rates exceeding industry and regional average by 15%,
- Minimum turnover between US$ 100 million and US$ 5 billion, depending on the industry,
- Demonstrated growth potential,
- Capacity and intent to build a global business
- Exemplary executive leadership.
As of March 2012, 333 companies from over 60 countries have been admitted to the GGC Community. But only 24 EU-based companies (that's about 7% of total) are part of it and only 10 EU member states are represented. Here below is the breakdown:
- Austria: 1 company
- Belgium: 1 company
- Germany: 4 companies
- Greece: 1 company
- Italy: 4 companies
- Portugal: 1 company
- Slovenia: 1 company
- Spain: 1 company
- Sweden: 1 company
- United Kingdom: 9 companies
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