This document provides guidelines for promoting entrepreneurship education in India. It states that entrepreneurship education needs to be separated from traditional MBA programs and have its own distinct approach. Rather than focusing on academic skills, entrepreneurship education should develop decision-making and team-building capabilities. The author is passionate about promoting entrepreneurship education in India and believes there is a need to establish different systems for student selection, training, and support that are tailored to entrepreneurship. The document discusses recommendations for the curriculum, teaching methods, program structure, role of faculty, and key focus areas to effectively promote entrepreneurship education.
Entrepreneurial education refers to the ability of turning ideas into action. It includes creativity, innovation and risk taking, as well as the skill of planning and managing projects in order to achieve objectives. How can school give students the attitudes, knowledge and competences to act in an entrepreneurial way?
Creativity, innovation and entrepreneurship are the seeds to economic activity and entrepreneurs are the sources of jobs in an economy. According to TiE (The IndUS Entrepreneurs, a non - profit organization, which promotes entrepreneurship), each entrepreneur creates approximately 30 jobs. Entrepreneurship helps to make the Indian market export competitive and equally contributes in making the Indian brand more acceptable. People exposed to entrepreneurship frequently express that they have more opportunity to exercise creative freedoms, higher self-esteem, and an overall greater sense of control over their own lives. But the present younger generation is not able to enjoy all these benefits. A survey done by the Entrepreneurship Development Institute, India (EDII) in 2003 shows that young people are afraid to start their own business because they are not confident, not capable, and lack knowledge in starting a business. Many people would have the opportunity to change jobs or become an entrepreneur if they are properly trained. The students in India are not confident merely with the traditional education they receive in the universities. This throws a demand for education programs specifically designed to expand students’ knowledge and experience in entrepreneurship.
Entrepreneurship education in India faces cultural and financial constraints along with insufficient government capacity and private participation. Research points to the significant impact that good entrepreneurship education can make more towards entrepreneurial success and promotes entrepreneurial culture. Hence the plethora of entrepreneurship academics and academic programs at UK and US universities. A mainstay of many of the more successful entrepreneurship programs at business schools around the world is the involvement of successful entrepreneurs whose business careers provide an invaluable part of any university student’s entrepreneurship education.
At this backdrop, this paper tries to explain the need for a comprehensive formal system of entrepreneurship education against the present scenario.
Keywords: entrepreneur, entrepreneurship, entrepreneurship education
Educational Entrepreneurship {E-Ship} is a personal attribute consisting of innovativeness, accountability, and change catalyst, risk taking and bearing attitude. Education entrepreneurs instead create organizations that seek to enhance the capacity of the existing educational system.
Role of Entrepreneurship Education in Development and Promotion of Entreprene...Dr. Amarjeet Singh
Education in the area of entrepreneurship plays a significant role in the development of entrepreneurial skills in the individuals. It may help youth to develop skill, ability of decision making, risk taking ability, manage any situation, and proper acquisition of knowledge which could benefit them for starting, organizing and managing their own enterprises and became helpful in economic development. The target population is 417 graduates or post graduates students from the Entrepreneurship Development Cells (EDC) of premier institutions (two government and two private institutions) in which 136 were selected randomly as a sample for study. Descriptive and inferential statistics were used for analyzing the data with the help of SPSS 22.0 software. Present study evidences the role of EDCs in the skill development of male and female is equal in all components like ability of taking decisions, creativity, Research, Development and Innovation, taking initiatives and so on. Entrepreneur development cells of any institutions, programs and their faculties haven’t made any difference on the basic of gender. Their all programs are equal for all.
A presentation on how important entrepreneurship education is to various levels of institution. Entrepreneurship is the core of our module. This is for entrepreneurial idea in entrepreneurship establishments.
Igniting Young Minds – for Entrepreneurship - Opportunities/Scope of Entrepr...Resurgent India
The scope of Entrepreneurship development in India is tremendous. The rising unemployment rate in India has resulted in growing frustration among youth. In addition there is always problem of underemployment.
Entrepreneurial education refers to the ability of turning ideas into action. It includes creativity, innovation and risk taking, as well as the skill of planning and managing projects in order to achieve objectives. How can school give students the attitudes, knowledge and competences to act in an entrepreneurial way?
Creativity, innovation and entrepreneurship are the seeds to economic activity and entrepreneurs are the sources of jobs in an economy. According to TiE (The IndUS Entrepreneurs, a non - profit organization, which promotes entrepreneurship), each entrepreneur creates approximately 30 jobs. Entrepreneurship helps to make the Indian market export competitive and equally contributes in making the Indian brand more acceptable. People exposed to entrepreneurship frequently express that they have more opportunity to exercise creative freedoms, higher self-esteem, and an overall greater sense of control over their own lives. But the present younger generation is not able to enjoy all these benefits. A survey done by the Entrepreneurship Development Institute, India (EDII) in 2003 shows that young people are afraid to start their own business because they are not confident, not capable, and lack knowledge in starting a business. Many people would have the opportunity to change jobs or become an entrepreneur if they are properly trained. The students in India are not confident merely with the traditional education they receive in the universities. This throws a demand for education programs specifically designed to expand students’ knowledge and experience in entrepreneurship.
Entrepreneurship education in India faces cultural and financial constraints along with insufficient government capacity and private participation. Research points to the significant impact that good entrepreneurship education can make more towards entrepreneurial success and promotes entrepreneurial culture. Hence the plethora of entrepreneurship academics and academic programs at UK and US universities. A mainstay of many of the more successful entrepreneurship programs at business schools around the world is the involvement of successful entrepreneurs whose business careers provide an invaluable part of any university student’s entrepreneurship education.
At this backdrop, this paper tries to explain the need for a comprehensive formal system of entrepreneurship education against the present scenario.
Keywords: entrepreneur, entrepreneurship, entrepreneurship education
Educational Entrepreneurship {E-Ship} is a personal attribute consisting of innovativeness, accountability, and change catalyst, risk taking and bearing attitude. Education entrepreneurs instead create organizations that seek to enhance the capacity of the existing educational system.
Role of Entrepreneurship Education in Development and Promotion of Entreprene...Dr. Amarjeet Singh
Education in the area of entrepreneurship plays a significant role in the development of entrepreneurial skills in the individuals. It may help youth to develop skill, ability of decision making, risk taking ability, manage any situation, and proper acquisition of knowledge which could benefit them for starting, organizing and managing their own enterprises and became helpful in economic development. The target population is 417 graduates or post graduates students from the Entrepreneurship Development Cells (EDC) of premier institutions (two government and two private institutions) in which 136 were selected randomly as a sample for study. Descriptive and inferential statistics were used for analyzing the data with the help of SPSS 22.0 software. Present study evidences the role of EDCs in the skill development of male and female is equal in all components like ability of taking decisions, creativity, Research, Development and Innovation, taking initiatives and so on. Entrepreneur development cells of any institutions, programs and their faculties haven’t made any difference on the basic of gender. Their all programs are equal for all.
A presentation on how important entrepreneurship education is to various levels of institution. Entrepreneurship is the core of our module. This is for entrepreneurial idea in entrepreneurship establishments.
Igniting Young Minds – for Entrepreneurship - Opportunities/Scope of Entrepr...Resurgent India
The scope of Entrepreneurship development in India is tremendous. The rising unemployment rate in India has resulted in growing frustration among youth. In addition there is always problem of underemployment.
To highlight such institutes which have come up with the innovative educative methods and solutions to build extraordinary careers, we are introducing our special edition on “The 10 Best Institutes of the Year (Maharashtra Special)”
Rushworth (2009) has argued that the desired outcome of an entrepreneurship education program is not just that students show know things but they should be able to do things. This is another word for ‘capability’ (Stephenson, 1998) – ‘Capability depends much more on our confidence that we can effectively use and develop our skills in complex and changing cir-cumstances than on our mere possession of those skills. Our learners become capable people who have confidence in their ability to take action; explain what they are about; and continue to learn from their experiences.
Bloom's (1956) widely used Taxonomy classifies learning objectives into three 'domains': Cognitive, Affective and Psychomotor (sometimes loosely described as knowing/head, feel-ing/heart and doing/hands respectively). Within the domains, learning at the higher levels is dependent on having attained prerequisite knowledge and skills at lower levels.
How does this apply to teaching entrepreneurs? The problem is that Bloom does not distin-guish well between knowing how to and being able to. 'Knowledge . . . involves the recall of specifics and universals, the recall of methods and processes, or the recall of a pattern, structure or setting (Bloom, 1956, p. 201). Students may be able to compare, analyse, classify and categorise but this does not mean they have the confidence to act in the real world.
Rushworth (2011) believes that a more useful taxonomy for the teaching of capability is Fink’s taxonomy of significant learning (L. Dee Fink, 2003; L.D. Fink, 2003). Whereas Bloom’s taxonomy focuses on mastery of content, Fink’s focuses on application, relationships and on the process of learning.
We agree with Rushworth (2011), who says that entrepreneurship education should:
• be grounded in evidence-based theory (Fiet)
• aim at embedding capability rather than knowledge (Stephenson)
• teach through experiential learning (Kolb)
• teach in the form of significant learning experiences (Fink)
• apply theoretical concepts to problems students expect to encounter in practice (Fiet)
• ideally involving students in the design of these activities (Boyatzis, Cowen, & Kolb, 1995)
Bibliography
Bloom, B. S. (1956). Taxonomy of educational objectives; the classification of educational goals (1st ed.). New York,: Longmans, Green.
Boyatzis, R. E., Cowen, S. S., & Kolb, D. A. (1995). Innovation in professional education : steps on a journey from teaching to learning : the story of change and invention at the Weatherhead School of Management (1st ed.). San Francisco: Jossey-Bass Publishers.
Fink, L. D. (2003). Creating significant learning experiences : an integrated approach to de-signing college courses (1st ed.). San Francisco, Calif.: Jossey-Bass.
Fink, L. D. (2003). A self-directed guide to designing courses for significant learning, 28, from http://www.cccu.org/filefolder/A_Self-Directed_Guide_to_Designing_Courses_for_Significant_Learning.pdf
Rushwo
Imagineering "Skilled India" - Applied Learning and Vocational Skills for the...Satya Chari
Skilled India - an essential infrastructure towards "Manufacturing / Supply Prowess driven Economic Growth" of India, leveraging the best practices from around the world. It has been done before, we need to reach out, collaborate, leverage and inter-connect. Create the platform for realising 300+ million dreams and aspirations via apt and relevant skills, employability and creative can-do - and then, move out of the way, for People Can and Will if the self-chosen stop Choosing!!!
Blue Ocean Strategy For Entrepreneurship Promotion Dr DhamejaNITTTR Chandigarh
The author has applied the latest management strategy Blue Ocean Strategy for promotion of entrepreneurship in Technical, Vocational Education and Training System (TVET).
To highlight such institutes which have come up with the innovative educative methods and solutions to build extraordinary careers, we are introducing our special edition on “The 10 Best Institutes of the Year (Maharashtra Special)”
Rushworth (2009) has argued that the desired outcome of an entrepreneurship education program is not just that students show know things but they should be able to do things. This is another word for ‘capability’ (Stephenson, 1998) – ‘Capability depends much more on our confidence that we can effectively use and develop our skills in complex and changing cir-cumstances than on our mere possession of those skills. Our learners become capable people who have confidence in their ability to take action; explain what they are about; and continue to learn from their experiences.
Bloom's (1956) widely used Taxonomy classifies learning objectives into three 'domains': Cognitive, Affective and Psychomotor (sometimes loosely described as knowing/head, feel-ing/heart and doing/hands respectively). Within the domains, learning at the higher levels is dependent on having attained prerequisite knowledge and skills at lower levels.
How does this apply to teaching entrepreneurs? The problem is that Bloom does not distin-guish well between knowing how to and being able to. 'Knowledge . . . involves the recall of specifics and universals, the recall of methods and processes, or the recall of a pattern, structure or setting (Bloom, 1956, p. 201). Students may be able to compare, analyse, classify and categorise but this does not mean they have the confidence to act in the real world.
Rushworth (2011) believes that a more useful taxonomy for the teaching of capability is Fink’s taxonomy of significant learning (L. Dee Fink, 2003; L.D. Fink, 2003). Whereas Bloom’s taxonomy focuses on mastery of content, Fink’s focuses on application, relationships and on the process of learning.
We agree with Rushworth (2011), who says that entrepreneurship education should:
• be grounded in evidence-based theory (Fiet)
• aim at embedding capability rather than knowledge (Stephenson)
• teach through experiential learning (Kolb)
• teach in the form of significant learning experiences (Fink)
• apply theoretical concepts to problems students expect to encounter in practice (Fiet)
• ideally involving students in the design of these activities (Boyatzis, Cowen, & Kolb, 1995)
Bibliography
Bloom, B. S. (1956). Taxonomy of educational objectives; the classification of educational goals (1st ed.). New York,: Longmans, Green.
Boyatzis, R. E., Cowen, S. S., & Kolb, D. A. (1995). Innovation in professional education : steps on a journey from teaching to learning : the story of change and invention at the Weatherhead School of Management (1st ed.). San Francisco: Jossey-Bass Publishers.
Fink, L. D. (2003). Creating significant learning experiences : an integrated approach to de-signing college courses (1st ed.). San Francisco, Calif.: Jossey-Bass.
Fink, L. D. (2003). A self-directed guide to designing courses for significant learning, 28, from http://www.cccu.org/filefolder/A_Self-Directed_Guide_to_Designing_Courses_for_Significant_Learning.pdf
Rushwo
Imagineering "Skilled India" - Applied Learning and Vocational Skills for the...Satya Chari
Skilled India - an essential infrastructure towards "Manufacturing / Supply Prowess driven Economic Growth" of India, leveraging the best practices from around the world. It has been done before, we need to reach out, collaborate, leverage and inter-connect. Create the platform for realising 300+ million dreams and aspirations via apt and relevant skills, employability and creative can-do - and then, move out of the way, for People Can and Will if the self-chosen stop Choosing!!!
Blue Ocean Strategy For Entrepreneurship Promotion Dr DhamejaNITTTR Chandigarh
The author has applied the latest management strategy Blue Ocean Strategy for promotion of entrepreneurship in Technical, Vocational Education and Training System (TVET).
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Entrepreneurship education challenges and opportunities in indian context
1. Jain.tk@gmail.com
t.k. jain
2012
Entrepreneurship education
Entrepreneurship education needs serious thoughts and some serious
takers. It has to be divorced from the typical MBA education and should
be given its due path. Rather than academic / intellectual capabilities,
entrepreneurship requires decision making and team building
capabilities, thus it required different selection systems, different
training systems and different support systems. This document contains
guidelines for those who are willing to promote entrepreneurship
education in India. The author firmly believes that there is a dire need
to promote entrepreneurship education in India and is passionate to
promote it. The author welcomes feedback, ideas and suggestions from
the readers.
Dr. T.K. JAIN
PARAKH NIWAS
SIVAKAMU VETERINARY HOSPITAL ROAD
BIKANER 334001, RAJASTHAN, INDIA
9414430763
2. 10 Myths about Entrepreneurship
1. Entrepreneurship cannot be taught
2. Entrepreneurship requires lot of money
3. Outstanding and Academically brilliant students only can become entrepreneurs
4. MBA programmes can develop entrepreneurs
5. Existing courses and institutions can develop entrepreneurs
6. Entrepreneurship can be taught like other subjects in MBA curriculum
7. Books in Entrepreneurship are sufficient to understand it
8. For teaching entrepreneurship – MBA professors are most suitable
9. By joining some entrepreneurship forums we can promote entrepreneurship
10. The government support can convert a person into entrepreneur
Are you really serious to promote entrepreneurship ? Why am I asking such questions? Because I
have observed that most people are not serious for promoting entrepreneurship. They are
promoting entrepreneurship just because it is a fashion today and they get some media coverage by
doing this. There are many forums that organise some events for promoting entrepreneurship and
are able to get a lot of money in the process. They are able to get publicity and show off their
activities. Are they really serious to promote entrepreneurship – you can judge yourself.
If you really want to promote entrepreneurship – just focus on creating a culture of
entrepreneurship – where every student is just talking about entrepreneurship. It should not be a
gimmick to get some government funds or some support from some incubator. Entrepreneurs need
the entrepreneurial culture to groom and develop. We can together formulate world class
entrepreneurship programmes – which can benefit millions of people indirectly (one entrepreneur
benefits 1000 persons indirectly on an average).
Select students not on the basis of CAT / GMAT but on the basis of their willingness to take risk, past
accomplishments in leadership and team building, experiences in event management, experiences
in group work and on their vision for themselves.
What should be the curriculum?
No curriculum can fit in to the requirement of entrepreneurship education. You may have a loose
curriculum to guide you – but you should be flexible enough to accommodate events and activities.
What should be taught to the entrepreneurs?
Prepare systems to have guided freedom for the students. Under your guidance they should be able
to explore the world, visit trade fairs, visit industries, visit markets and visit different regions and
places. They should be able to attend meetings, conferences where entrepreneurs come and share
3. their experiences. They should be able to meet with entrepreneurs and read their case studies. They
should be able to develop their passions.
However, following topics should be taught : -
BEP ANALYSIS
MARKETING FOR ENTREPRENEURS
CUSTOMER RELATIONSHIP MANAGEMENT
ACCOUNTING AND FINANCE FOR ENTREPRENEURS
BASIC COMPUTER OPERATIONS
ADVERTISING AND PUBLICITY
NEW PRODUCT AND BRAND MANAGEMENT
BASIC LAWS FOR ENTREPRENEURS
LEADERSHIP
HUMAN RESOURCE DEVELOPMENT
E-BUSINESS AND E-MARKETING
ORGANISAITON BEHAVIOUR
BUSINESS PLAN FORMULATION
ENTREPRENEURSHIP IN RURAL / AGRICULTURE / INFRASTRUCTURE / TOURISM / ENTERTAINMENT SECTORS
SOCIAL ENTREPRENEURSHIP
FAMILY BUSINESS MANAGEMENT
FRANCHISING
Each of these courses should have at least 15 case studies and at the end of the course, the student
should be evaluated on the basis of his report / presentation/ business plan and not on the basis of
typical theory based examinations. There should be concurrent evaluation with at least 50%
weightage of the total marks, which should be based on case analysis, real problem solutions,
projects, class participation and business plan presentation. Each student must participate in at least
4 B-Plan contests, 4 Trade fairs, 4 Industrial exhibitions and must make at least 10 industrial visits
during the study. Each student must write interviews of at least 10 entrepreneurs during his study.
The students should also get a chance to interact with technical experts / industry consultants /
chartered accountants to enable them to formulate detailed project reports (which would be
required as essential part of the programme).
It is not what you teach, but how you teach is equally important. Entrepreneurship education should
be practical and not like typical lecture oriented classes. Students should be given practical
assignment to handle responsibilities and show performance.
What should be the structure of entrepreneurial programme ?
The programme should have study – immersion chain. The student should be given 3-4 months
training and then be put with some entrepreneurs for live projects for 2-3 months and then again be
given 3-4 months training and again be given 2-3 months live projects with some entrepreneur and
be again given 2-3 month rigorous training in business plan formulation and modern business
practices and again be put in charge of some entrepreneurial project and be subsequently given
support in starting a new business.
4. Should there be short duration programmes also ?
Yes, there should be a lot of short duration programmes from 1 day to 6 month programme to
promote entrepreneurship. These programme will thus generate a huge number of entrepreneurs –
which is the need of the hour.
Should there be discussions with failures also?
Yes this is more important. Only a few entrepreneurs succeed, those who fail outnumber the
successful ones. It is important for the students to understand the reasons of failure also.
What can help an entrepreneur?
Networking, exposure to new technology, understanding of business practices and business formats
will help an entrepreneur. There should be regular counseling of the entrepreneur so that the
entrepreneur may change his behavior as per the requirements of the situation.
What should be the ratio of faculty members?
More number of outsiders should be there instead of number of regular students. The outsiders can
be experts / entrepreneurs in their own fields and should have willingness to share their success
stories.
Should there be language barrier?
No – entrepreneurs need not be academically brilliant – but they have some characteristics which
help in their success – like – they are risk takers, bold, courageous, dreamers, freedom lovers,
adaptable, extrovert persons.
Who should be resource persons ?
Invite resource persons from varied backgrounds. Invite successful people to share their memories
of their first success and how they achieved their dreams. Take your students to different business
organizations and let them explore different business formats. Invite entrepreneurs to share their
business incidents.
How should the time table be structured?
Time table should be flexible to accommodate changes. However a few suggestions are : -
The students should devote their time in the following manners : -
10% in talking to entrepreneurs and consultants in exploring new ideas
30% in conducting market surveys and interviews and in preparing business plans
20% in conducing live projects for other entrepreneurs
5. 30% in case discussions relating to entrepreneurs and in solving business cases
10% in class rooms in attending lectures / presentations / discussions on subjects of their studies
What are important pillers in entrepreneurship education?
Motivate the participants in becoming entrepreneur. Motivation is very important. Every occasion
should have some component for motivating the students to become entrepreneurs. Successful
entrepreneurs can also come and share stories of their early struggle – which can inspire the
students. Those entrepreneurs, who have achieved their success without any background or
financial powers, should be invited. Similarly, those persons, who have faced major challenges and
have become entrepreneurs against difficulties, should be invited. I used to invite Mr. Bajrang Jain
(founder promoter of Mascot Publicity) and it used to be very motivating and inspiring for the
students. Similarly I invited Mr. Vishal Choudhary (founder promoter of Parampara Exports) and it
was also very impact making.
What should be the focus of entrepreneurship education?
Entrepreneurship education should focus on 5 elements : -
1. Create a passion for some field
2. Removing fear and building confidence to start something enterprising
3. Extensive exposure to latest happenings across the globe for better understanding
4. Repeated business plan formulation and critical discussions about how to improve them
5. Cultivation of good habits, positive thinking and proactiveness – so that the person uses
money well