Technology and Livelihood Education with Entrepreneurship

Technology and Livelihood Education with Entrepreneurship
Technology and Livelihood Education with Entrepreneurship

The idea of entrepreneurial education has been around for decades. However, in recent years there has been an increased focus on the concept by universities and government agencies as well as what it represents to public policy.


The ultimate goal is to identify who holds power within a given society, where these powers originate from, and how they can be used more effectively to serve society’s best interest. In that regard, entrepreneurship education places less emphasis on teaching students about business practices or specific management skills but instead focuses primarily on developing the human capital that entrepreneurs need in order to succeed.


In many cases, entrepreneurship education is used to promote innovation as it provides for a more dynamic economic environment where entrepreneurship can be practiced in all aspects of life. The Department of Commerce’s National Innovation Survey found that the majority of respondents felt that innovation played a vital role in how the economy works, with 68% considering it to be “very important” to their company and 71% saying it was “very important” to their country.


By allowing a greater number of people to take part in innovative practices, this type of education has helped foster all types of businesses including small businesses as entrepreneurs become more actively involved in the day-to-day operations. In other cases, entrepreneurship education is used to promote social economic development as it provides a means for people to make a living and improve the quality of their lives.


In addition, it allows for more people to open their own businesses which can lead to an expansion of employment opportunities. According to the Global Entrepreneurship Monitor’s 2010-2011 report, “entrepreneurs who are self-employed are less likely than wage and salary workers to live in poverty.” This is especially true in developing countries where entrepreneurship education has proven critical.


In contrast, entrepreneurship education may not always be effective in all cases since there are many other factors that can influence its success or failure (i.e. the presence of cultural, legal, and social frameworks that support innovation or the effectiveness of the government’s public policy). Despite this, entrepreneurs have continued to engage in new practices in both developed and developing countries by becoming increasingly aware of their political power.


For example, they have used this power to lobby for changes in government laws which ultimately benefits society as a whole (e.g. intellectual property protection laws). In addition, they are taking on more risk as they try to increase the value of their companies as well as growing their wealth through financial gains (e.g. expanding internationally).


There are also many different ways entrepreneurship education can be delivered such as through academia, business organizations, or the media.


Image: Pexels

Leave a Reply

Your email address will not be published.