Preview

Entrepreneurship Education

Good Essays
Open Document
Open Document
6841 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Entrepreneurship Education
Entrepreneurship Education in Bangladesh: A Study Based on Program Inputs
M Tahlil Azim* and Mohammad Muzahid Akbar**

ENTREPRENEURSHIP EDUCATION IN BANGLADESH: A STUDY BASED ON PROGRAM INPUTS

The study attempts to conduct an input-based evaluation of the Entrepreneurship Development courses offered at BBA and MBA level in different public and private universities in Bangladesh. It has used primary data collected through a survey by using a structured questionnaire prepared based on an Entrepreneurship Education Model proposed by Azim (2007). It is observed that the entrepreneurship courses in different universities in Bangladesh as a whole operates with medium level of effectiveness.

INTRODUCTION
Thus, ‘entrepreneurship’ is widely recognized as a critical factor in economic development. Schumpeter viewed entrepreneurship as the major conducive factor to economic growth (Schumpeter, 1934). McClelland treated entrepreneurship as the causal factor of development (McClelland, 1961). Cole and Cochran also emphasized the critical role of entrepreneurship in economic growth (Kilby, 1971). In describing the significance of entrepreneurs in the process of development of a country, Maslow (1968), a Psychologist known for his epoch-making theory of human needs, points out, “The most valuable 100 people to bring advancement into a deteriorating society would not be economists, or politicians, or engineers, but rather 100 entrepreneurs.” Entrepreneurs are recognized as central to the process of mobilizing capital, adding value to natural
*

resources, producing necessary goods and services, creating employment and developing the means by which trade is carried on. Over the years, the concept of entrepreneur has undergone transformation and broadened to traverse the traditional connotation of ‘creating a new and innovative venture.’ Entrepreneurship is more than the mere creation of business. Although that is certainly an important facet, it’s not the complete

You May Also Find These Documents Helpful

  • Good Essays

    Tesco Political Factors

    • 1071 Words
    • 5 Pages

    Entrepreneurs are people in which organised other productive resources in which helps to make good and since the economics regard entrepreneur’s as a specialist form a labour input. Others believe that they deserve recognition as a separate factor of production in their own rights.…

    • 1071 Words
    • 5 Pages
    Good Essays
  • Best Essays

    There are different meaning of what an entrepreneur is or who is an entrepreneur in the business dictionary and different books. This essay is going to cover an in-depth look and research on what an entrepreneur, enterprise and intrapreneurship is, the skills and motives an entrepreneur must have in other to be successful, and will look into the significance or importance of an entrepreneur, enterprise and intrapreneurship in the business world as well as an individual groups or teams. It will further highlight the stages necessary to evaluate a new business idea and the critique of common misconceptions of it.…

    • 1726 Words
    • 6 Pages
    Best Essays
  • Powerful Essays

    Schumpter (1934) saw the definition of an entrepreneur as not only individuals who bears the risk of buying and selling at uncertain prices , but more of process by which an economy moves forward through the act of creative disruption or innovation. There are many different avenues on what defines a person as an entrepreneur, the definition itself is evolving based on the society we are in today. The entrepreneur in this report when asked what he thinks is an entrepreneur in a small business, his opinion was “a person who takes control of his or her own destiny to become self employed either by setting up a business or taking over from someone else.”…

    • 2552 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    According to this meaning, integrating capital with marketing opportunities is to develop new goods and services. This contribution establishes the link between entrepreneurship, and opportunities. The other scholars also recognized that entrepreneurship is a as process of tracking opportunities by disappointing resources, sources of opportunities, study on source of opportunities, identifying new-fangled opportunities, and consuming advantages and benefits (Stevension & Jarillo ,1990; Lee & Peterson,2001; Shane &Venkataraman,2000; Schaper&Volery,2004; Oviatt & McDougall,2005). Distinctiveness of entrepreneurship, which was explained in literatures, and experiences, demonstrated multiple meanings of entrepreneurship however the question is ‘so what?’ When I revisited literatures, and stories, I observed that entrepreneurs were exceedingly conscious for moneymaking and they were innovating new goods and services, taking risk and searching new opportunities on the markets with moneymaking…

    • 1572 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    1. Entrepreneurship and Economics – An Economic Perspective This is written based on the conviction that both entrepreneurship and economics are important phenomena, both in theory and in practice. It is further deduced that less entrepreneurship has as a consequence less innovation and fewer business start-ups with its consequences on employment and economic growth. In this context, entrepreneurs are needed to organize, manage and assume the risks of business or enterprise which represent processes which are positive for society. The perspectives on entrepreneurship as a phenomena in social, business and economics are varied, and ranging from the processes individuals go through from becoming “motivated to discover” an innovation and converting it into something of value to themselves and to society, to the managed entrepreneurial processes in large firms and further to the macro-economic impacts on economic growth through innovation. Entrepreneurship thus is personal and individual, but with a local, regional and national impact. Also the taxonomy of the consequence of entrepreneurial activities varies, from value created in a small business start-up to the collective creation of economic value on the level of society, the latter with obvious more complex measurement and even political consequences. Traditionally, that is in classical economics, three means of production are usually discussed, namely capital, labor and land – and to this many would add entrepreneurship and possible competence or knowledge to coordinate and organize the value creation process. Neo-classical economics and its positivistic and rational market assumptions, however, do not have space for the entrepreneur beyond the role of allocation of…

    • 1278 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    The Presidents/Heads/Officials, Deans, Faculty and Students in CHED Supervised Higher Education Institutions (HEIs) The Presidents/Principals/Heads/Officials, Entrepreneurship/PHEM Faculty in DEPED Supervised Basic Education Institutions Dear Sir/Madam: The Entrepreneurship Educators’ Association of the Philippines, Inc. (ENEDA) invites you to participate in its 9th Annual National…

    • 1004 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Entrepreneurship is the act and art of being an entrepreneur or one who undertakes innovations or introducing new things, 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 to a perceived opportunity. Adam Smith, founding father of modern economics ‘detested business men’ (Lewis, 1988: 35).Development scholars and development economists in particular have, if not detesting businessmen or entrepreneurs, (benignly) neglected…

    • 7013 Words
    • 29 Pages
    Powerful Essays
  • Powerful Essays

    Unit Plan UBTE2013 May2014

    • 5144 Words
    • 34 Pages

    To introduce the role and nature of entrepreneurship as a mechanism for creating new ventures and affecting economic development;…

    • 5144 Words
    • 34 Pages
    Powerful Essays
  • Powerful Essays

    Course Notes

    • 4642 Words
    • 19 Pages

    People are the most valuable resourcewithin any country. There appears to be a strong linkage between the training, attitudes and goals of people and the level of economic growth within a country. An essential ingredient in the economic growth of any country is the key individual who promotes change and development, these persons may be called entrepreneurs. The Entrepreneurs are playing a major role in acceleratingthe pace of economic development the world over by their innovative and creative approach to the process of production and product launching in the market. They have thus helped to guide a new economic order by perception of new opportunities and converting them into profitable ventures. Hence various studies have been done on the above theme, but no studies have been conducted in SriLankan and Bangladeshperspectives, especially in Small Scale Entrepreneurs.Presentstudy is initiated Characteristics of Entrepreneur, a comparativestudy of Small Scale Entrepreneursof SriLankan andBangladesh with the as samples of fifty (50). Factor analysis shows that SriLankan entrepreneurs have…

    • 4642 Words
    • 19 Pages
    Powerful Essays
  • Satisfactory Essays

    Entrepreneurship is one of the key elements of the economic system in modern society. Accordingly, the development of entrepreneurship - one of the main challenges facing the company in the market economy. But before we talk about it is necessary to define what is business and what is its essence?…

    • 434 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    In the last two decades, considerable attention has been paid to the role of academia in producing entrepreneurs. This has become necessary due to continuous decrease in the number of jobs available for school leavers, continued privatization of government owned organizations and consequently the reduction of government interference in private sector. Governments around the world, including Nigeria thus encourage increased private sector responsibility and reduction in government intervention in job creation. This development has thus created a need for education on entrepreneurship, which encompasses areas such as investing, divestiture, mergers, acquisitions and management. Effort thus needs to be made in order to gear the education system towards being relevant…

    • 3103 Words
    • 13 Pages
    Best Essays
  • Powerful Essays

    Entrepreneurial Competencies

    • 2971 Words
    • 12 Pages

    It is hoped that after reading this module you will actually see the potential of a career in entrepreneurship, and experience a desire to start a venture of your own. At the same time there might be certain inhibitions in your mind whether such a task is feasible, practical and sustainable. For every task one needs certain competencies. In this module you would learn in detail about the entrepreneurial competencies. Whereas competencies reinforce a person’s perception of feasibility of a career option, there also has to be the will and urge, a ‘perception of the desirability.’ Is it not impossible that entrepreneurship has a key role to play in economic development, yet there are very few who ever think of it as a career option? And, it is not that they may be lacking in skills. What one often finds is the lack of motivation! Competencies equip you with the knowledge of how to do (‘know-how’) of entrepreneurial behavior and motivation provides answers to why to do (‘know-why’) of entrepreneurial behavior. You would also be learning about why people opt for entrepreneurship. The question of ‘why entrepreneurship’ is also linked to reward expectations, be these financial, social status or psychological satisfaction. In case of entrepreneurship, successful performance of the venture itself becomes a reward for the entrepreneur.…

    • 2971 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    Conry, R. (2013, October 29). The importance of entrepreneurship for jobs, people and a better society.…

    • 2429 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    * Surveys were conducted in universities with enrolments of at least 10,000 students to determine the extent of the growth in entrepreneurship education. While significant growth was cited, two specific challenges were pointed out: (1) the challenge in developing existing programs and personnel, thus improving the quality of the field. There are several obstacles that need…

    • 2627 Words
    • 11 Pages
    Good Essays
  • Better Essays

    Enterpreneurship Education

    • 2220 Words
    • 9 Pages

    Entrepreneurship education is an educational programme that provides the students with the knowledge, skills and motivation needed to start up a small scale business. In other words, it promotes innovation or rather introduces new products or services and market strategies to the students to become outstanding entrepreneurs. Kenton and Ervin (2000) define entrepreneurship education as an educational discipline that prepares people, especially youth to be responsible, enterprising individuals who become entrepreneurs or entrepreneurial thinkers that contribute to economic development and sustainable communities. In other words, entrepreneurship education is a programme that provides…

    • 2220 Words
    • 9 Pages
    Better Essays

Related Topics