Can Entrepreneurship Be Taught
GROUP 3 PRESENTATION
Question 3 • Can we teach entrepreneurship and bring some entrepreneurial awareness and changes among individuals. Give evidence
Approach in answering the Question
• Definition of Entrepreneurship • Entrepreneurship education • Approaches to teach entrepreneurship • Conclusion
The concept of entrepreneurship
There is no universal agreed definition of entrepreneurship. However, Entrepreneurship is defined differently by different scholars. Schumpeter (1934) defines Entrepreneurship as a person’s ability to be innovative in terms of goals, methods of production, markets, sources of supply and industrial organization.
The concept of entrepreneurship cont….
Also, Craven (2008) believes that all successful entrepreneurs have key traits such as impatient, results driven, a strong need for achievement and set high but realistic and achievable goals.
The concept of entrepreneurship cont….
Hinrich and Peters (1995) defines Entrepreneurship as the process of creating something different with value by devoting the necessary time and efforts, assuming the accompanying financial, psychic and social risks, and receiving of monetary and person satisfaction and independence
The concept of entrepreneurship cont..
• Kirzner(1992) defined the concept of entrepreneurship as “alertness” to profit opportunities. • He argues that entrepreneur is alert to a new product or a superior production process and steps in to fill this market gap before others.
The concept of entrepreneurship cont..
• Cantillon, Knight, and Mises (1921) Defined entrepreneurship as consisting of judgmental decision-making under conditions of uncertainty. • Knight (1921) introduces judgment to link profit and the firm to uncertainty
The concept of entrepreneurship cont……
• Schultz(1979) defined entrepreneurship as the ability to adjust, or reallocate one’s resources, in response to changing circumstances. • Schultz also adds that “No matter what part of the
Question 3 • Can we teach entrepreneurship and bring some entrepreneurial awareness and changes among individuals. Give evidence
Approach in answering the Question
• Definition of Entrepreneurship • Entrepreneurship education • Approaches to teach entrepreneurship • Conclusion
The concept of entrepreneurship
There is no universal agreed definition of entrepreneurship. However, Entrepreneurship is defined differently by different scholars. Schumpeter (1934) defines Entrepreneurship as a person’s ability to be innovative in terms of goals, methods of production, markets, sources of supply and industrial organization.
The concept of entrepreneurship cont….
Also, Craven (2008) believes that all successful entrepreneurs have key traits such as impatient, results driven, a strong need for achievement and set high but realistic and achievable goals.
The concept of entrepreneurship cont….
Hinrich and Peters (1995) defines Entrepreneurship as the process of creating something different with value by devoting the necessary time and efforts, assuming the accompanying financial, psychic and social risks, and receiving of monetary and person satisfaction and independence
The concept of entrepreneurship cont..
• Kirzner(1992) defined the concept of entrepreneurship as “alertness” to profit opportunities. • He argues that entrepreneur is alert to a new product or a superior production process and steps in to fill this market gap before others.
The concept of entrepreneurship cont..
• Cantillon, Knight, and Mises (1921) Defined entrepreneurship as consisting of judgmental decision-making under conditions of uncertainty. • Knight (1921) introduces judgment to link profit and the firm to uncertainty
The concept of entrepreneurship cont……
• Schultz(1979) defined entrepreneurship as the ability to adjust, or reallocate one’s resources, in response to changing circumstances. • Schultz also adds that “No matter what part of the