Monday, 29 July 2013

Concept of Entrepreneurship Education

Entrepreneurship education has been widely spread over the last years at a considerable pace. Courses are being implemented in universities, secondary schools and even the primary schools. At the tertiary level, programmes are being developed. Individual recently are holding masters’ degree in entrepreneurship outside the educational system. There are courses and programmes established for specific people mostly, for the unemployed and for minorities.

        Taking into account all this widespread development one should be considerably aware that the bases of entrepreneurship education are solidly established. Entrepreneurship refers to the intentional creation or transformation of an organization for the purpose of creating an additional value through organization resources. Kuratko (2005) sees it as a dynamic process of vision, change and creation. It requires to be taught for the transfer of its skills and knowledge from an expert to someone else. It involves an application of energy and passion towards the creation of an enterprises and this include: the willingness to take risk, team work, creative skills, fundamental skill of building solid business plan; and finally, the vision to recognize opportunity where others fail.
        Entrepreneurship education is focused on developing youth with the passion and multiple skills. It aims at reducing the risk associated with entrepreneurship thought and guide the enterprise successfully through its initial stage to the maturity stage. According to Brown (2000) entrepreneurial education is designed to communicate and inculcate competencies, skills and values needed to recognize business opportunity, organize and start new business venture.
        Hanlon and King (1997) point out that entrepreneurship education is an educational programme that is focused on impacting students with issues on entrepreneurship. Positgo and Tamborini (2007) in their study reviewed and analyzed four lines of research that described in details this phenomenon in different countries. These include:
1.  The study of the impact that entrepreneurship education at the university level by price;
2.  The analysis over the pedagogic instrument and methodologies used to teach entrepreneurship;
3.  The research related to the station-of-the-art entrepreneurship education; and
4.  Report on practical experiences at different education level
Other studies have also listed out what the contents of a good entrepreneurship education programme that are skill-built oriented. These include: leadership, negotiation, creative thinking, exposure to technology, invention and innovation, opportunity identification, idea generation and protection, ability to tackle challenges at different entrepreneurial stages, field and company analysis.
The middleman of entrepreneurship is the entrepreneur who possesses the following traits:
1.  Personal Attributes and Traits: An entrepreneur should be hard working, self-discipline, confident, determined, innovative, visioning, risk-taker and God fearing. All these traits prepare him against the odds to success.
2.  Creative Attributes or Technical Skills: The entrepreneur requires unique skills as expertise in communication, writing, engineering, technology, environmental management monitoring etc.
3.  Business Management Skills: These are specific skills for decision making such as accounting/finance, managerial, marketing/sales information and operational/logistic skills. Entrepreneur should be able to explore his swot in his environment for survival of competition.

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