2.1 Entrepreneurship, Entrepreneur And Enterprise Skills.

1336 WordsApr 22, 20176 Pages
2.1 Entrepreneurship, Entrepreneur and Enterprise Skills Defining the very essence of entrepreneurship is part of a longstanding theoretical debate (Henry, Hill & Leitch, 2005, p. 99). Definitions are particularly important in the field because many of the terms associated with the discipline, such as entrepreneurship, entrepreneur and enterprise, are often used interchangeably. For the purpose of this review, the definition of entrepreneurship is synonymous with Gibb (2007), who describes entrepreneurship as “sets of behaviours, attributes and skills that allow individuals and groups to create change and innovation, cope with and even enjoy higher levels of uncertainty and complexity” (Gibb, 2007, p. 1). Meanwhile, the term ‘entrepreneur’…show more content…
2.2 Importance of Entrepreneurship Education The importance of the role of EE and enterprise skills is highlighted in both European and global development views (Organisation for Economic Co-operation and Development (OECD), 2015). While a strong emphasis on economic success and job creation has propelled EE at tertiary level, there has not been an integrated approach in the secondary education sector (OECD, 2015). However, development is underway, with international education institutions facing policy pressure to explicitly embed EE in the curriculum (Mwasalwiba, 2012). A crucial reason for teaching entrepreneurial skills to youth is to help prepare them for employment and, in some cases, influence self-employment and choosing entrepreneurship as a career path. However, EE is not about simply creating entrepreneurs and businesses. It is about teaching students enterprise skills, transferable to the real world. Taking part in incubator-style programs teaches students that failure is acceptable; they learn resilience which is key in the competitive 21st Century employment landscape. This is reflected in the following textbook quote: “Businesses fail, but entrepreneurs do not. Failure is often the fire that tempers the steel of an entrepreneur’s learning and street savvy” (Timmons, 1999, p. 47). Resilience, along with skills such as problem solving and creativity, are highly desired by Australian employers, as demonstrated in recent
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