Stimulating innovative and
growth-oriented entrepreneurship is a key economic and societal challenge to
which universities and colleges have much to contribute. This paper examines
the role that higher education institutions are currently playing through
teaching entrepreneurship and transferring knowledge and innovation to
enterprises and discusses how they should develop this role in the future. The
key issues, approaches and trends are analyzed in order to have a better
understanding of the role of entrepreneurship in the higher education.
Entrepreneurship education seeks to provide students with the
knowledge, skills and motivation to encourage entrepreneurial success in a
variety of settings. Variations of entrepreneurship education are offered at
all levels of schooling from K-12 schools through graduate university programs.
It should
come as no surprise that many people in higher education eschew the notion of
entrepreneurship. For some, the very word conjures up the specter of a
for-profit motive, about which they are suspicious and disapproving. While there remains skepticism
about what the Kauffman Foundation Panel on Entrepreneurship Curriculum in
Higher Education defined in his very reputed report as the “transformation of
an innovation into a sustainable enterprise that generates value…”
Entrepreneurship and market-driven innovation, however, have become more
prevalent in higher education over the past decade and a half.
Apparently, entrepreneurship
engagement is a rapidly expanding and evolving aspect of higher education that
requires proper support and development. Authors stress the need to expand
existing entrepreneurship efforts and introduce more creative and effective
approaches. It will provide inspiration for those in higher education seeking
to expand and improve their entrepreneurship teaching and knowledge-transfer
activities.
Key
words: entrepreneurship, knowledge-transfer activities,
enterprising behaviors
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