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Entrepreneurship EDUCATION by Dr. Anton Ravindran identifying meaningful problems & executing creative, innovative, novel solutions<br>
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Entrepreneurship EDUCATION(7 th UNESCO APEID Conference)2018 by Dr. Anton Ravindran
Entrepreneurship Identifying meaningful problems & executing creative, innovative, novel solutions
“ Creativity is thinking of something new. Innovation is the implementation of something new”
Innovation “The application of That are novel and useful” IDEAS
The Ultimate Definition Of Innovation Executing an novel idea which addresses a specific challenge and achieves value for both the company and customer
Definition of Innovation Innovation = Invention * Commercialization
Technoprenuership • Business essentials • Venture engineering • Knowledge to frame decisions • Skills to start • Skills to grow • Technology essentials • Creativity • Knowledge of science & engineering • Skills to develop • Skills to build
Entrepreneurship • Economic Growth • Source of Innovation • Create Jobs • Personal Development
Value Of Venture Capital Investment In The United States From 1995 To 2017 (In Billion U.S. Dollars)
Entrepreneurship TREND 23 Million Businesses in USA 40 Million Jobs
Entrepreneurship COURSES In the past 40 years…. 5,000+ 600 104 Universities that have entrepreneur courses in 1975 Schools that have entrepreneur courses in 1986 Courses in entrepreneurship offered at 2,600 schools by 2013
Quality of ENTREP-EDUCATION WHO is teaching WHATis being taught WHOis learning it HOW it is being taught
ENTREPRENEUR EDUCATION Can we teach a person to become an entrepreneur?
ENTREPRENEUR EDUCATION Can we teach a person to become an entrepreneur? think entrepreneurially? Person Entrepreneur Entrepreneurial Person
WHO can teach ENTREPRENEURSHIP? ? Management Professor Industry Expert Guest Entrepreneur ENTREPRENEURSHIP EDUCATOR EntrepreneurialExperience Work Experience Teaching Experience Charisma & Influence Active Network + +
What is being taught • What information are we teaching our students? (i.e. business concepts and theory) • What skills are we teaching our students? (i.e. writing a business plan, negotiate, pitch ideas) • What can’t we teach our students? (i.e. be creative, take risk, have a vision)
Business Planning Pitching Negotiation Market Research Managing Risk Developing a business Model NOT TEACHABLE Passion Creativity Perseverance Vision Not implementable by everyone
SUCCESSFUL Entrepreneurship SKILLS + SPIRIT
DEVELOP LATERAL /FACTIUAL THINKING INSTEAD OF TRADITIONAL THINKING
Entrepreneurship EDUCATION The success of entrepreneurship education or educational programs cannotbe evaluated by the number of graduated students. But • The socio-economic impact. • The number of companies created. • The number of jobscreated. • The potential economicgrowth.
Entrepreneurship education What I hear, I forget What I see, I remember What I do, I learn Apprenticeship!
ENTREPRENEUR EDUCATION “ What we have to learn to do, we learn by doing” -Aristotle-
Thank you anton@rapidstart.com.sg