Entrepreneurship Education

Entrepreneurs play an important role in developing and contributing to the economy of a nation. It is all the more in a developing world where are ample opportunities for innovations to exploit the available resources and initiate entrepreneurial ventures. But the emergence of entrepreneurship in all countries and in all parts of any country is not usually even. Commonly we see more entrepreneurs in comparatively more developed areas. Another paradox exists in terms of increasing number of unemployed population, seeking wage earners career and unaware of the wide opportunities for entrepreneurial career. This is, by and large, because of lack of education about entrepreneurship. The business entrepreneur, the archetypal enterprising person, has become the focus of interest in many nations as an instigator of social and economic change. The search is on for more and better ways of creating enterprising people and specially for developing entrepreneurs. For this, the role of education and training is typically very important. Education is a strong influencing media that sets values, develops attitudes and motivation and induce people to acquire skills and competencies to achieve goals.The word education can be linked to the word enterprise in three ways Education about enterprise in which the role of education is in raising awareness of enterprise and entrepreneurship as a key change agent in economic process. Education through enterprise in which the education process itself can be enhanced by using pedagogic styles which work in and makes use of enterprising situations including the student concerned and real world project driven approaches Education for enterprise, which is aimed at entrepreneurship development and includes training existing entrepreneurs as well as for new business start-up. The present education system in India has not been able to promote independent thinking, creativity, a spirit of innovation and motivation for setting a challenging and achievable goal. The environment and policy however offer diverse opportunities for sustainable self-employment to ensure contribution of workforce to industrial economy.

There is thus a need is to inculcate the spirit of enterprise into the psyche of the present generation. Entrepreneurship,; self-employment and enterprise creation provide a solution to the crisis of both unemployment and economic growth. It is in this context that the Indian Institute of Entrepreneurship proposes to organize a National Seminar on the Need for Entrepreneurship Education in the Changing Scenario.

Importance of Entrepreneurship Education

Entrepreneurship is a key driver of our economy. Wealth and a high majority of jobs are created by small businesses started by entrepreneurially minded individuals, many of whom go on to create big businesses. People exposed to entrepreneurship frequently express that they have more opportunity to exercise creative freedoms, higher self esteem, and an overall greater sense of control over their own lives. As a result, many experienced business people political leaders, economists, and educators believe that fostering a robust entrepreneurial culture will maximize individual and collective economic and social success on a local, national, and global scale. It is with this in mind that the National Standards for Entrepreneurship Education were developed: to prepare youth and adults to succeed in an entrepreneurial economy. Entrepreneurship education is a lifelong learning process, starting as early as elementary school and progressing through all levels of education, including adult education. The Standards and their supporting Performance Indicators are a framework for teachers to use in building appropriate objectives, learning activities, and assessments for their target audience. Using this framework, students will have: progressively more challenging educational activities; experiences that will enable them to develop the insight needed to discover and create entrepreneurial opportunities; and the expertise to successfully start and manage their own businesses to take advantage of these opportunities. Entrepreneurship is a key driver of our economy. Wealth and a high majority of jobs are created by small businesses started by entrepreneurially minded individuals, many of whom go on to create big businesses. People exposed to entrepreneurship frequently express that they have more opportunity to exercise creative freedoms, higher self esteem, and an overall greater sense

of control over their own lives. As a result, many experienced business people political leaders, economists, and educators believe that fostering a robust entrepreneurial culture will maximize individual and collective economic and social success on a local, national, and global scale. It is with this in mind that the National Standards for Entrepreneurship Education were developed: to prepare youth and adults to succeed in an entrepreneurial economy. Entrepreneurship education is a lifelong learning process, starting as early as elementary school and progressing through all levels of education, including adult education. The Standards and their supporting Performance Indicators are a framework for teachers to use in building appropriate objectives, learning activities, and assessments for their target audience. Using this framework, students will have: progressively more challenging educational activities; experiences that will enable them to develop the insight needed to discover and create entrepreneurial opportunities; and the expertise to successfully start and manage their own businesses to take advantage of these opportunities. Entrepreneurship Education focuses on developing understanding and capacity for pursuit, of entrepreneurial behaviours, skills and attributes in widely different contexts. It can be portrayed as open to all and not exclusively the domain of the high-flying growth-seeking business person. The propensity to behave entrepreneurially is not exclusive to certain individuals. Different individuals will have a different mix of capabilities for demonstrating and acquiring entrepreneurial behaviours, skills and attributes. These behaviours can be practiced, developed and learned; hence it is important to expose all students to entrepreneurship education Entrepreneurial skills and attitudes provide benefits to society, even beyond their application to business activity. Obviously speaking, personal qualities that are relevant to entrepreneurship, such ascreativity and a spirit of initiative, can be useful to everyone, in their working responsibilities and in their daily existence. Also the relevant technical and business skills need to be provided to those who choose to be self-employed and/or to start their own venture or might do so in the futu