Fostering entrepreneurship amount students in h education-k govender

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The JE Movement started in 1967 by French business
students who saw the need to enhance their education
by gaining practical work experience

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Fostering entrepreneurship amount students in h education-k govender

  1. 1. 1 Fostering Entrepreneurship
  2. 2. 2 Fostering Entrepreneurship Prepared for the EDC 2008 By: Kruschen Govender Fostering Entrepreneurship among Students in Higher Education
  3. 3. 3 Fostering Entrepreneurship 1. Definition of the Junior Enterprise (JE) Concept ContentsContents 2. History of the Junior Enterprise Movement 3. Applying the JE-concept in a Developing Economy 4. Conceptualizing a Pilot South African JE Project Cultivating Young Entrepreneurs in South Africa
  4. 4. 4 Fostering Entrepreneurship Bridging the gap between theory & practice A Junior Enterprise is:A Junior Enterprise is: … a non-profit organization… a non-profit organization11 … offering consulting services… offering consulting services22 … entirely student managed… entirely student managed33 … developing entrepreneurs… developing entrepreneurs44 World of Work Public & Private Sector World of Work Public & Private Sector Higher Education Higher Education … with social responsibility… with social responsibility55 1. Definition of the Junior Enterprise Concept
  5. 5. 5 Fostering Entrepreneurship The JE Movement started in 1967 by French business students who saw the need to enhance their education by gaining practical work experience The Junior Enterprise (JE) concept Entirely student-managed non-profit organizations Conducting projects to bridge the gap between theory & practice Best practice in the field of entrepreneurship education (European Commission) JE Confederations JADE European Confederation of Junior Enterprises, founded in 1992. Today there are more than 22 000 students (in 13 European countries) generating over €12 million in annual turnover. BRASILJUNIOR Founded in 1988, through the involvement of students with the Brazil-France Chamber of Commerce. 700 Junior Enterprises all over Brazil. The largest student network in Brazil – over 20 000 students. BDSU German Association of Junior Enterprises was founded in 1992 and today connects more than 1800 students and 28 JEs throughout Germany. 2. History of the Junior Enterprise Movement
  6. 6. 6 Fostering Entrepreneurship Why is the Junior Enterprise concept so successful? Junior Enterprises work in the three most important fields according to the MIT learning pyramid. Lecture Reading Audio-Visual Demonstration 30% 20% 10% 5% Discussion Practice Teaching others 50% 75% 90%Source: MIT learning pyramid JE activitiesJE activities Average retention rate: 2.1 Experiential Learning
  7. 7. 7 Fostering Entrepreneurship 2.2 CCT e.V. – Leading German Junior Enterprise In the last 14 years students from Berlin universities have executed consulting projects for over 200 local companies and international groups Company Consulting Team e.V. (http://www.cct-ev.de/) + Benefits for Clients: Strategic research and analysis Critical & creative thinking Low costs Contact to potential employees Benefits for Students: Practical experience Entrepreneurship training & project management experience Enhancing knowledge & soft skills through projects & workshops CCT e.V. Client List:
  8. 8. 8 Fostering Entrepreneurship 21% of our alumni are entrepreneurs, three times more than the EU average Employee Immediately self-employed First employee, then self-employed 21% European average is 7% 2.3 European Confederation of JEs (JADE) Statistics 2006 (www.jadenet.org) Source: JADE Alumni Career Survey, Arthur D. Little
  9. 9. 9 Fostering Entrepreneurship On average JE alumni start their own businesses at a younger age 16.7% 8.3% 16.7% 25.0% 16.7% 8.3% 8.3% 0% 5% 10% 15% 20% 25% 30% 25 26 27 28 29 32 36 Age JADE average: 28 years old European average: 35 years old 2.4 European Confederation of JEs (JADE) Statistics 2006 (www.jadenet.org)
  10. 10. 10 Fostering Entrepreneurship Project: creating a “Small Enterprise Resource Planning (SERP)” strategy Developing a software management system & training program for owners & employees to enhance their ICT skills capacity Sponsorship from a large Brazilian software company Case Study – Faculdade Sumaré Empresa Júnior (Sao Paulo, Brazil) Researched the variety of services that could be improved upon in order to support micro- enterprises Lack of technological & managerial support for small businesses in Brazil 3. Example of a Brazilian Junior Enterprise Engaged in Development ““Students partnering with big technology to aid the growth of small businesses” (Sao Paulo, Brasil)
  11. 11. 11 Fostering Entrepreneurship Fostering Entrepreneurship Creating Employment Alternative in Consulting Skills Development Practical Work Experience Creating Knowledge Networks Potential Impact of JEs in Developing Economies 3.1 Benefits of Applying the JE-concept in a Developing Economy
  12. 12. 12 Fostering Entrepreneurship Inputs for a Pilot South African JE Project: 4. Conceptualizing a Pilot South African JE Project Motivated students Infrastructure & intellectual support from the university JE incubated within a graduate school Support from public & private sector organizations Seed funding Cultivating skilled, young & opportunity-orientated entrepreneurs in South Africa
  13. 13. 13 Fostering Entrepreneurship Contact Details: Mr. Kruschen Govender Master in Development Studies School of Development Studies, University of KwaZulu-Natal Tel: +27 79 908 0426 Email: juniorenterprise.sa_kruschen@yahoo.com Useful Websites: http://www.jadenet.org/ http://www.jewc08.com/news.php

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