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The IUP Journal of Entrepreneurship Development
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Abstract |
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Entrepreneurship is the process of designing, launching and running a new business, i.e., a start-up company offering a product, process or service. Entrepreneurship education deals with developing entrepreneurial skills in students. In this context, the current paper is based on the literature review of research papers spanning across countries in the last decade. The literature is coded according to the research settings and findings segregated under categories of goals and learning outcomes, curriculum design, pedagogical tools, and effectiveness of teaching entrepreneurship. After a detailed review of about 54 papers, it was be inferred that the goals of entrepreneurship education range from imparting basic domain knowledge to transforming this knowledge into practical skills. The curriculum design of entrepreneurship course needs to be innovative in the sense that it should include industrial visits, management games and active involvement of other stakeholders. Action learning and experiential learning have to be incorporated for making the course more effective. At the same time, assessment should also involve reflection of self, peers and other stakeholders. There is an increased support to the effectiveness of entrepreneurship education on students’ intentions to create new venture. The course goes beyond and has the potential to influence personal development and career planning abilities of students. |
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Description |
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Entrepreneurship is the buzzword these days all across the globe and India is not an exception.
In fact, a major push in this domain has come from the Government of India campaign of
‘Make in India’ launched in September 2014. To add to this, a new campaign ‘Start-up India,
Stand up India’ was declared by Prime Minister Narendra Modi in his Independence Day speech (August 15, 2015), which would promote the entrepreneurial eco-system in India.
Further, an action plan was rolled out at one of its kind (probably in the world) of start-up
event in January 2016. This initiative aims to empower start-ups which will in turn nurture
innovation and drive sustainable economic growth and generate large-scale employment
opportunities.
Entrepreneurship as an area embraces several aspects altogether. The process of
entrepreneurship is a way of putting entrepreneurial thinking into practice; it could be in forprofit
business sector, the non-profit social sector, the political arena or in public service.
Entrepreneurship is the process of designing, launching and running a new business, i.e., a
start-up company offering a product, process or service. The Oxford Dictionary defines it as
the “capacity and willingness to develop, organize and manage a business venture along with
any of its risks in order to make a profit.
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