Universities and enterprise education: responding to the challenges of the new era

Rae, David (2010) Universities and enterprise education: responding to the challenges of the new era. Journal of Small Business and Enterprise Development, 17 (4). 591 -606. ISSN 1462-6004

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Abstract

Purpose
The article suggests that the international financial and economic crisis in 2008 produced a new economic era with significant implications for enterprise and entrepreneurship education. It explores: 1. The changing influences on entrepreneurship education and learning; 2. What is the new era in entrepreneurship? The consequences of changing economic, social and cultural movements; 3. How entrepreneurship education and learning can respond to these challenges.
Approach
The research approach is informed by practitioner-based educational enquiry, reflective practice and research, education and participation with groups of universities, educators, students, entrepreneurs and other groups during the economic crisis.

Findings
The article proposes that the nature of entrepreneurship is changing in response to social and cultural movements in the new economic era. Ethical and environmental concerns are creating a discourse of responsible entrepreneurship informed by social entrepreneurship. The article conceptualises this as the shift from an ‘old’ to ‘new’ entrepreneurship.

Practical implications
Implications for the future development of enterprise and entrepreneurial education are presented, referring to the factors shaping change including the social and economic context; learners; learning and teaching; and institutional change.

Originality/value
The article presents new thinking on the future challenges and directions for entrepreneurship and related education in the context of fundamental economic change.

Item Type:Article
Additional Information:Purpose The article suggests that the international financial and economic crisis in 2008 produced a new economic era with significant implications for enterprise and entrepreneurship education. It explores: 1. The changing influences on entrepreneurship education and learning; 2. What is the new era in entrepreneurship? The consequences of changing economic, social and cultural movements; 3. How entrepreneurship education and learning can respond to these challenges. Approach The research approach is informed by practitioner-based educational enquiry, reflective practice and research, education and participation with groups of universities, educators, students, entrepreneurs and other groups during the economic crisis. Findings The article proposes that the nature of entrepreneurship is changing in response to social and cultural movements in the new economic era. Ethical and environmental concerns are creating a discourse of responsible entrepreneurship informed by social entrepreneurship. The article conceptualises this as the shift from an ‘old’ to ‘new’ entrepreneurship. Practical implications Implications for the future development of enterprise and entrepreneurial education are presented, referring to the factors shaping change including the social and economic context; learners; learning and teaching; and institutional change. Originality/value The article presents new thinking on the future challenges and directions for entrepreneurship and related education in the context of fundamental economic change.
Keywords:Entrepreneurship, Enterprise, Higher education, economy
Subjects:N Business and Administrative studies > N190 Business studies not elsewhere classified
X Education > X342 Academic studies in Higher Education
Divisions:College of Social Science > Lincoln Business School
ID Code:3680
Deposited By: David Rae
Deposited On:22 Nov 2010 17:23
Last Modified:04 Dec 2013 20:58

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