Abstract
In the 21st century, employment is mostly created by new and small businesses. It is only recently that B-Schools are waking to the concept of moulding entrepreneurs. To be a successful entrepreneur, one needs to go beyond the classroom walls and get exposure to the practical aspects of any business. Government should streamline the formalities for budding entrepreneurs and support them as future sources of employment opportunities for the nation. Support from financial institutions needs to be extended on fair and equitable terms, without of course giving away any handouts. Business Schools must proactively establish incubation centres, so that student managers can shadow start-ups and thus learn the ropes of starting and running a business. This will help to develop and nurture the entrepreneurship culture through new businesses for meeting the growing requirements of the 21st century. The paper has focussed on a case study of a student manager who utilized the benefits of the incubation centre within the B-School he was studying, and in a span of one and a half year, attained adequate success to motivate him to opt out of placements and continue his entrepreneurial venture as a full-time occupation.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Aldrich, H. E., & Martinez M. A. (2003). Entrepreneurship as social construction. In Z. J. Acs, & D. B. Audretsch (Eds.), The international handbook of entrepreneurship. Boston, Dordrecht: Kluwer Academic Publishers.
Anderson, A. R., & Jack, S. L. (2008). Role typologies for enterprising education: The professional artisan? Journal of Small Business and Enterprise Development, 15(2), 259–273.
Cantillon, Richard. (1755). Essai Sur la Nature du Commerce en General. H. Higgs (Ed.), and trans. London: Macmillan, 1931.
Charney, A., & Libecap, G. D. (2000). The impact of entrepreneurship education: An evaluation of the berger entrepreneurship program at the University of Arizona, 1985–1999. Kansas City, MO: The Kauffman Center for Entrepreneurial Leadership.
Chiles, T. H., Bluedorn, A. C., & Gupta, V. K. (2007). Beyond creative destruction and entrepreneurial discovery: A radical austrian approach to entrepreneurship. Organization Studies, 28(4), 467–493.
Divekar, B. R. (Retd), Bhoyar, P. K. (2012). Entrepreneurship on campus: The backward integration model for investors.
European Commission (EC). (2007). Education and training 2010-diverse systems, shared goals-the education and training contribution to the lisbon strategy.
Fayolle, A., Gailly, B., & Lassas-Clerc, N. (2006). Assessing the impact of entrepreneurship education programmes: A new methodology. Journal of European Industrial Training, 30(9), 701–770.
Gibb, A. (2005, May). Towards the entrepreneurial University: Entrepreneurship education as a lever for change. Policy Paper, National Council for Graduate Entrepreneurship, Birmingham.
Gross, D. (2005). Schumpeter’s legacy? Interaction and emotions in the sociology of entrepreneurship. Entrepreneurship Theory and Practice, 29(2), 205–2018.
Hannon, P. (2006). Teaching pigeons to dance: Sense and meaning in entrepreneurship education. Education+Training, 48(5), 296–308.
Hebbar, P. (2011) Rules to beat the fear of starting, strategy-mentoring and education, dare.
Henry, C., Hill, F., & Leitch, C. (2005). Entrepreneurship education and training: Can entrepreneurship be taught? Education+Training, 47(2), 98–111.
Hindle, K. (2006). Teaching entrepreneurship at the University: From the wrong building to the right philosophy. International Journal of Entrepreneurship and Small Business.
Jones-Evans, D., Brooksbank, D., Kwong, C., & Thompson, P. (2006). Enterprise training and entrepreneurial activity-evidence from the United Kingdom. Paper presented at the 20 RENT Conference, Brussels.
Keh, H. T., Foo, M. D., & Lim, B. C. (2002). Opportunity evaluation under risky conditions: The cognitive processes of entrepreneurs. Entrepreneurship Theory and Practice, 27(2), 125–148.
Kirzner, I. (1979). Perception, opportunity, and profit: Studies in the theory of entrepreneurship. Chicago: University of Chicago Press.
Kuratko, D. F. (2005). The emergence of entrepreneurship education: Development, trends, and challenges. Entrepreneurship Theory and Practice, 29(5), 577–597.
Noel, T. W. (2001). Effects of entrepreneurial education on attitude to open a business. Paper presented at Frontiers of Entrepreneurship Research, Babson Conference. Retrieved from www.babson.edu/entrep/fer.
Peterman, N. E., & Kennedy, J. (2003). Enterprising education: Influencing students’ perceptions of entrepreneurship. Entrepreneurship Theory and Practice, 28(2), 129–144.
Pittaway, L., & Cope, J. (2006). Entrepreneurship education: A systematic review of the evidence, working paper series no. 2 (pp. 1–33). National Council for Graduate Entrepreneurship, Birmingham.
Scarpetta, S., Hemmings, P., Tressel T., & Woo, J. (2002). The role of policy and institutions for productivity and firm dynamics: Evidence from micro and industry data. OECD Economics Dept Working Paper 329. Paris: OECD.
Skarzynski, P., & Schaedler, D. (2010). A new model for unlocking the value of entrepreneurial businesses. Busines Strategy Series, 11(5), 271–276.
Solomon, G., Duffy, S., & Tarabishy, A. (2002). The state of entrepreneurship education in the United States: A nationwide survey and analysis. International Journal of Entrepreneurship Education, 1(1), 65–86.
Storey, D. J. (2003). Entrepreneurship, small and medium sized enterprise and public policies. In Z. J. Acs & D. B. Audretsch (Eds.), Handbook of entrepreneurship research. Boston: Dordrecht: Kluwer Academic Publishers.
Thornton, P. H. (1999). The sociology of entrepreneurship. Annual Review of Sociology, 25, 19–46.
Thurik, A. R., Wennekers, A. R. M., & Uhlaner, L. M. (2002). Entrepreneurship and economic growth: A macro perspective. International Journal of Entrepreneurship Education, 1(2), 157–179.
Young, J. (1997). Entrepreneurship and learning for University students and practicing entrepreneurs. In A. Sexton & R. Smilor (Eds.), Entrepreneurship 2000 (pp. 215–242). Chicago, IL: Upstart Publishing.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2017 Springer Nature Singapore Pte Ltd.
About this chapter
Cite this chapter
Chitrao, P., Bhoyar, P.K. (2017). Educating the New Generation Entrepreneurs: The Role of Alumni Entrepreneurs. In: Manimala, M., Thomas, P. (eds) Entrepreneurship Education. Springer, Singapore. https://doi.org/10.1007/978-981-10-3319-3_13
Download citation
DOI: https://doi.org/10.1007/978-981-10-3319-3_13
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-10-3318-6
Online ISBN: 978-981-10-3319-3
eBook Packages: Business and ManagementBusiness and Management (R0)