IMR JAN 2013 - Indira Institutes

Unlocking Entrepreneurial Capabilitiesskills and mind-set of the entrepreneur. Hemust be hard-working, determined, goodmanager with broad business plan, able toface unforeseen events and risks.SUGGESTIONS TO ENHANCEENTREPRENEURSHIP Content and Learning Methods:The ability to promote Entrepreneurshiprequires an enquiring mind that is able tomake connections between theory andpractice. There is a need to recreate real-lifesituations in the classroom with the help ofexamples and illustrations so that studentsare able to get a 'concrete feel' of variousaspects of the outside world. Teaching and Entrepreneurship: WhileEntrepreneurship has been introduced as acourse in a number of business schoolcurricula, there needs to be a greater thrustin making Entrepreneurship a prioritysubject. Encourage Student-led EntrepreneurialActivities on Campus:It is necessary to encourage activities withineducational institutions, whereentrepreneurial abilities find opportunitiesand fertile ground to grow, as activitiesoutside the confines of the textbook areimperative to develop leadership and teambuilding skills that are necessary forEntrepreneurshipCONCLUSION:There is always ongoing discussion as towhether entrepreneurship can be taught atlearning institutions. Some argue that eventhe most prominent entrepreneur, BillGates; choose to leave the grand ivy league ofHarvard, halting education in seeking forentrepreneurship experience. Many believeentrepreneurship is the result of gut feeling,internal drives, timing and luck. However,Garavan (1994) suggested that “learning”entrepreneurship either from successfulentrepreneurial parents, work experience orproper education will enhance theprobability of success. Believingentrepreneurship can be taught, he stressedthe paradigm that “entrepreneurs are oftenmade, not born".It is understood that the teachingresponsibility does not rest entirely with theeducational world. The society has its role inproviding the appropriate environment andright atmosphere for the growth ofentrepreneurship. Failures must not bepenalized but instead analyzed, as they arealso a vital part of the learning process. Theimpact of education programme may not beimmediately evident but should havesustained effects on developing a strongenterprise culture, although this might bedifficult to determine in the short term, it isessential to the long term growth of India. Wealso believe that entrepreneurship results inincreased innovation and sustainedeconomic growth. We see enormouspotential in investing in entrepreneurshipeducation in order to nurture talent anddevelop the next wave of leaders andinnovators who will not only create jobs andvalue for society, but also empower others tocreate a better future.REFERENCES:Bhide, Amar V.(2000).The Origin and Evolution of NewBusinesses, Oxford University Press, New York.Breen, John & Bergin, Sue (1999) “EducatingEntrepreneurs: looking at universities” Australia CPAVol 67 no 7 pp 44-46.Indira Management Review - Jan 2013 91