Entrepreneurship Education in Asia

Entrepreneurship Education in Asia

Edited by Hugh Thomas and Donna Kelley

The continuing success of the Asian Miracle relies on an entrepreneurial revolution that has increased the productivity and flexibility of economies across the region. Yet this revolution has largely been necessity-driven, traditional and vulnerable to erosion as the region becomes increasingly prosperous and well educated. How to educate the next wave of entrepreneurs is a pressing Asian question that resonates around the world and is the subject of this volume.

Chapter 1: Educating the Next Wave of Entrepreneurs: World Economic Forum Global Education Initiative Executive Summary

Karen Wilson

Subjects: business and management, entrepreneurship, management education, education, management education

Extract

* Karen Wilson 1.1 INTRODUCTION Entrepreneurship has never been more important than it is today in this time of financial crisis. At the same time, society faces massive global challenges that extend well beyond the economy. Innovation and entrepreneurship provide a way forward for solving the global challenges of the 21st century, building sustainable development, creating jobs, generating renewed economic growth and advancing human welfare. When we speak about entrepreneurship, we are defining it in the broadest terms and in all forms – entrepreneurial people in large companies, in the public sector, in academia and, of course, those who launch and grow new companies. Now more than ever we need innovation, new solutions, creative approaches and new ways of operating. We are in uncharted territory and need people in all sectors and at all ages who can “think out of the box” to identify and pursue opportunities in new and paradigm-changing ways. My greatest challenge has been to change the mindset of people. We see things the way our minds have instructed our eyes to see. (Muhammad Yunus, Managing Director, Grameen Bank) Entrepreneurship education can be a societal change agent, a great enabler in all sectors. Not everyone needs to become an entrepreneur to benefit from entrepreneurship education, but all members of society need to be more entrepreneurial. The public sector, private sector, academia and non-profit sectors all have roles to play in facilitating the development of effective ecosystems which encourage and support the creation of innovative new ventures. We need to...

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