Success is never a solo project. Many people who share a major part of our lives are usually not recognized as formal entrepreneurs and kept very much out of the entrepreneurial limelight. Entrepreneurs or “entreprendre” (undertakers) in isolation is inherently wrong, as it is not solely from the entrepreneur that entrepreneurship occurs.
Entrepreneurship is as much about the change and learning that the individual entrepreneur experiences by interacting with the environment as the change and value creation the entrepreneur causes through his/her actions. Learning and value creation are thus seen as two main aspects of entrepreneurship but these two are highly under rated compared to venture creation
We need a society with more value creation than of more organized ventures created for business or commercial purpose. This concept needs to be understood and applied at the grass roots, right from the early education institutions who are nurturing the present and future torch bearers of our society as early entrepreneurship education is not just / all about running a business, economic growth, job creation and increased societal resilience but also individual growth, increased school engagement and improved equality.
Putting this idea into practice has however posed significant challenges alongside the stated positive effects. Lack of time and resources, teachers’ fear of commercialism, impeding educational structures, assessment difficulties and lack of definitional clarity are some of the challenges practitioners have encountered when trying to infuse entrepreneurship into education.
It forms the basis of a resulting definition of entrepreneurial education leaning on value creation as a main aim for students. Letting students try to create value to outside stakeholders will then result in development of entrepreneurial competencies regardless of whether successful value creation is being achieved or not. “Learning-by-creating-value” approach is the heart and soul of entrepreneurship.
Introducing content, methods and activities supporting the creation of knowledge, competencies and experiences that make it possible for students to initiate and participate in entrepreneurial value creating processes. When you act upon opportunities and ideas to transform them into value for others. The value that is created can be financial, cultural, or social.
Value creation needs to occur extensively in our society, as it is people’s happiness since helping others results not only in making a living but also in feelings of meaningfulness, participation, engagement and life satisfaction.
This article is written by Shaik Waseem
Shaik Waseem is Entrepreneurial Educator and start-up influencer. He is on a mission to promote academia to be ICE(Innovative Creative Entrepreneurial). He has been co-founder and managing partner for multiple companies that are run under investment group members listed by Forbes middle east as top 100 Indian leaders in U.A.E.