Entrepreneurship is a key element for any country aiming to be competitive in the knowledge-based global market because it has been generally viewed as a method promoting economic growth, creativity, and innovation. This view has led to a growing interest in developing educationalPrograms that encourage and enhance entrepreneurship.
Entrepreneurship education nurtures innovative talents, which are an important driving force for future development. At present, innovation-driven development strategies place new demands on entrepreneurship education. From knowledge learning to skills improvement, entrepreneurship education includes general ability development and improvement of professional ability. It fosters creative skills that can be applied in practices, education, and environments supporting innovation.
Better ways to improve entrepreneurship education:
1. Teach more case studies
The case study provides a detailed study of a person, group, situation, etc. A case study helps in bringing the understanding of a complex issue or object and also covered risk mitigation. It can extend experience or add strength to the existing knowledge through previous research.
It provides the student with the opportunity to dig deeper into the way other executives followed to make their decisions and learn from them. Not only can they learn from it, but also they can put out their own ideas and try to do them in a better way. It's more like putting them face-to-face with real-life business solutions and learning through them.
2. Relate theoretical content to real business challenges
Linking curriculum to real-world business challenges help students gain experiences, make them learn, and help to become wiser and stronger. It will shape them to be successful business people.
For example, when teaching social media marketing, a lecturer can tell how social media have become a promotional platform for many businesses worldwide. Many individuals do business through Instagram and Facebook. Similarly, a finance professor can use the 2008 mortgage crisis to instill in students notions as diverse as quantitative easing, inflation, and monetary policy.
3. Host entrepreneurship contests
Students learn most when they are out in the competitive world. It's more like learning from our own experience. Setting students against each other natures the feeling of putting all their efforts in the best possible way to win the contest. These contests also give them a sense of freedom to use their innovative thinking and do whatever they want to do. Competitive shows like The Apprentice and Shark Tank encourage hands-on learning opportunities.
4. Invite professionals to teach
Nobody can teach or describe the whole process other than the people who have gone through that cycle. Learning from the professional influence the entrepreneurial lessons of individuals to learn in different stages of the entrepreneurial process, fulfilling varied roles, such as facilitator in detecting opportunities and generating business ideas in the innovation stage, legitimizing during the implementation phase, as getting to know successful entrepreneurs makes the act of becoming one yourself.
Institutions can invite entrepreneurs to participate in a question-and-answer session with students, present their success stories, and share their experiences. Invited entrepreneurs can provide real-life examples of how small businesses are created and run, giving students a clearer sense of the real world of entrepreneurship and a better understanding of the challenges and opportunities they may face as entrepreneurs.
Such an initiative will make the content more engaging, and students can quickly learn and grasp real-world insights.
5. Help students launch their own business.
Many universities provide students with campus recruitment programs, but nothing can be better than starting their own business in an economy plagued by a high level of unemployment.
Universities can work in partners with small business administration and student entrepreneurs to obtain financing, research the market, and build practical businesses.
Entrepreneurship can be for social or for-profit motive, and to encourage it in students; universities must offer more practical coursework, blending the theory in the traditional economic literature with the real needs of day-to-day business management. The education should be experiential, hands-on, and action-driven to give students a real-world experience.
Read how collaborations can improve entrepreneurship education; click the below link:
By bringing together an entrepreneurship educator, an engineering professor, and an educational psychologist, the effort also serves as a model of how researchers and practitioners can work together click here.
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Contributor: Jyotshana Rani
Jyotshana is very keen to express her views on new topics and wants readers to remember her through her writing. She is passionate about reading and believes that words wield the power of changing the scenario and she uses them to encourage people to the best of her knowledge.