Developing an Entrepreneurship Culture

Abstract

<jats:p> Entrepreneurship is increasingly relevant to economic output and job creation in both developed and developing countries. It is especially important for the UK, so as to reverse a century of relative economic decline. This paper discusses the UK government's policy on entrepreneurship, and the objectives it has set for higher education institutions. It then goes on to present the initiatives taken by the University of Greenwich to develop an enterprise culture, both within and with the wider community. The paper focuses on the role played by the University's Centre for Entrepreneurship in helping it to contribute towards the UK's economic development and competitiveness. The conclusions reached indicate that higher education institutions need to behave entrepreneurially at both the staff and student levels in order to build an enterprise culture. Staff need to be bold in taking initiatives to seek out processes that can help shift the established paradigm and to introduce new content to achieve breakthroughs in the culture. This is also required to engage students and to help build their personal intangible assets as much as to facilitate them in starting up new enterprises. </jats:p>

Sustainability of curriculum development for enterprise education

“…The solution to bridging the creative areas to those of business process appears to lie in creating inter-disciplinary approaches through creating teams for the exploitation of ideas and generating variety in approaches by mixing students from different disciplines and backgrounds as well as allowing equitable access to entrepreneurship education (European Commission, 2008). Many different cases and approaches are now Sustainability of curriculum development described in the literature (Edwards et al, 2005;Sondakh and Rajah, 2006;Smith, 2008). Available data, however, indicates that the majority of entrepreneurship courses are still offered in business studies (NCGE, 2007;European Commission, 2008).…”

Financial literacy and youth entrepreneurship in South Africa

“…It is the ability to create and build something of value from practically nothing. Finally, Wickham (2001; cited in Sondakh and Rajah, 2006), perceives an entrepreneur as an individual who lives and functions within a social setting and is characterised by a particular set of actions aimed at the creation of new wealth through the venture.…”

“…Directly linked to “entrepreneur” is the word “entrepreneurship”, commonly referred to as the activity that individuals engage in and which is often characterised by original thought, innovation, and risk‐taking in order to create a new business or grow an existing business (Small Business Service, 2002 cited in Sondakh and Rajah, 2006). Some of the relevant definitions of entrepreneurship follows:Entrepreneurship is a process where one initiates change through creation and/or innovation (Drucker, 1994).…”

Entrepreneurial Self-Efficacy of University Students: A Cross-Cultural Study

“…Moreover, studies performed in highly industrialized countries like usa, England, Canada, Germany and Japan showed a strong relation between economic development and entrepreneurship levels (Börü 2006). Apart from being an economic resource, entrepreneurship is regarded as vitally important in creating wealth and employment and in the development of society (Sondakh and Rajah 2006;Drucker 2007;Schmiemann 2008).…”