Entrepreneurship education
Encyclopedia
Entrepreneurship education seeks to provide student
s with the knowledge, skills and motivation to encourage entrepreneurial success in a variety of settings. Variations of entrepreneurship
education
are offered at all levels of schooling from primary or secondary schools through graduate university
programs.
, where management education is focused on the best way to operate existing hierarchies. Both approaches share an interest in achieving "profit" in some form (which in non-profit organizations or government can take the form of increased services or decreased cost or increased responsiveness to the customer/citizen/client).
Entrepreneurship education can be oriented towards different ways of realizing opportunities:
Student
A student is a learner, or someone who attends an educational institution. In some nations, the English term is reserved for those who attend university, while a schoolchild under the age of eighteen is called a pupil in English...
s with the knowledge, skills and motivation to encourage entrepreneurial success in a variety of settings. Variations of entrepreneurship
Entrepreneurship
Entrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response...
education
Education
Education in its broadest, general sense is the means through which the aims and habits of a group of people lives on from one generation to the next. Generally, it occurs through any experience that has a formative effect on the way one thinks, feels, or acts...
are offered at all levels of schooling from primary or secondary schools through graduate university
University
A university is an institution of higher education and research, which grants academic degrees in a variety of subjects. A university is an organisation that provides both undergraduate education and postgraduate education...
programs.
Objectives
What makes entrepreneurship education distinctive is its focus on realization of opportunityOpportunity
Opportunity may refer to:*Opportunity International - An International microfinance network that lends to the working poor*Opportunity NYC is the experimental Conditional Cash Transfer program being launched in New York City...
, where management education is focused on the best way to operate existing hierarchies. Both approaches share an interest in achieving "profit" in some form (which in non-profit organizations or government can take the form of increased services or decreased cost or increased responsiveness to the customer/citizen/client).
Entrepreneurship education can be oriented towards different ways of realizing opportunities:
- The most popular one is regular entrepreneurshipEntrepreneurshipEntrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response...
: opening a new organization (e.g. starting a new business). - Another approach is to promote innovation or introduce new products or services or markets in existing firms. This approach is called corporate entrepreneurship or intrapreneurshipIntrapreneurshipIntrapreneurship is the act of behaving like an entrepreneur, except within a larger organization.-Definition:In 1992, The American Heritage Dictionary acknowledged the popular use of a new word, intrapreneur, to mean "A person within a large corporation who takes direct responsibility for turning...
, and was made popular by author Gifford PinchotGifford PinchotGifford Pinchot was the first Chief of the United States Forest Service and the 28th Governor of Pennsylvania...
in his book of the same name. Newer research indicates that clustering is now a driving factor. Clustering occurs when a group of employees breaks off from the parent company to found a new company but continues to do business with the parent. Silicon Valley is one such cluster, grown very large. - A recent approach involves creating charitable organizations (or portions of existing charities) which are designed to be self-supporting in addition to doing their good works. This is usually called social entrepreneurshipSocial entrepreneurshipSocial entrepreneurship is the work of social entrepreneurs. A social entrepreneur recognizes a social problem and uses entrepreneurial principles to organize, create and manage a venture to achieve social change . While a business entrepreneur typically measures performance in profit and return, a...
or social venturing. Even a version of public sector entrepreneurship has come into being in governments, with an increased focus on innovation and customer service. This approach got its start in the policies of the United KingdomUnited KingdomThe United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
's Margaret ThatcherMargaret ThatcherMargaret Hilda Thatcher, Baroness Thatcher, was Prime Minister of the United Kingdom from 1979 to 1990...
and the United StatesUnited StatesThe United States of America is a federal constitutional republic comprising fifty states and a federal district...
' Ronald Reagan.
See also
- BusinessBusinessA business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...
- EntrepreneurEntrepreneurAn entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...
- EntrepreneurshipEntrepreneurshipEntrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response...
- Enterprise AsiaEnterprise AsiaEnterprise Asia is a regional non-governmental organization founded in 2006 by a group of entrepreneurs headquartered in Kuala Lumpur, Malaysia with local offices in Hong Kong SAR, China, Singapore, India, Indonesia and Thailand currently...
- Master of EnterpriseMaster of EnterpriseThe Master of Enterprise Degree is a masters degree originally developed and offered by the University of Manchester through the Manchester Science Enterprise Centre...
- Toronto Business Development CentreToronto Business Development CentreToronto Business Development Centre is a non-profit organization in City of Toronto, Ontario, Canada. Its mandate is to nurture the growth of new and emerging businesses. As a business incubator, TBDC assists entrepreneurs in navigating the challenging road of starting and developing a new...
- Entrepreneurship Development Institute of IndiaEntrepreneurship Development Institute of IndiaThe Entrepreneurship Development Institute of India , an autonomous and not-for-profit Institute, set up in 1983, is sponsored by apex financial institutions - the IDBI Bank Ltd., IFCI Ltd., ICICI Bank Ltd. and State Bank of India...
- Students for the Advancement of Global EntrepreneurshipStudents for the Advancement of Global EntrepreneurshipStudents for the Advancement of Global Entrepreneurship, or SAGE, is a global, non-profit organization that connects secondary school student organizations to mentors from local universities and businesses...
- StudentBusinesses.comStudentBusinesses.comStudentBusinesses.com is a website that provides networking resources to university entrepreneurs. StudentBusinesses.com was acquired by the Ewing Marion Kauffman Foundation in October 2009. ....