The Entrepreneurship Program offers a unique way to develop a creative mindset to rethink and reimagine the world with innovative approaches. Here is why the entrepreneurship curriculum is necessary for school students.
Deciphering the importance of the entrepreneurship program in schools
By India Today Web Desk: India is the fastest growing start-up hub in the world, with more than 100 unicorns (valuations of USD 1 billion or more). Entrepreneurship plays an important role in the economic development of any country. In the 21st century, entrepreneurship has also become a dominant issue in both developed and underdeveloped countries, as it develops efforts to improve the economic well-being of the nation.
The high demand for innovative solutions has created new opportunities for educational institutions to launch new study programs for entrepreneurship.
Entrepreneurship has received considerable attention in India over the past decades as an academic discipline.
An entrepreneurial mindset is much needed to enhance creativity and critical thinking; it is an ability that creates awareness in young minds so that they can create opportunities that broaden their horizons, which is an effective practice.
Lately, you have heard more about the development of entrepreneurship among students because the trend has changed.
It was realized that educational institutes offer knowledge, not a guarantee of employment upon graduation; they make their space an informal market by going the extra mile after years of schooling, which challenges the nature of education offered to students in a country where 54% of the population is under 35.
An entrepreneurial mindset isn’t just about getting them thinking about innovation; every year we see about 40% of incubators involved in startups for their bright future in India.
THE ENTREPRENEURIAL SPIRIT:
Entrepreneurship is as common as we think, but as we say, winners are not different, they do things differently. Mindset involves the conscious intellect in our belief system, where an individual processes information and acts on it. An entrepreneurial mindset is a specific set of beliefs that motivate entrepreneurial behavior.
An entrepreneurial mindset starts with having the belief that the outcome will be successful and having the confidence to influence the outcome.
There’s a quote from Jim Rohn where he says, “Formal education will make you a living; self-education will make you a fortune.” The entrepreneurial mindset is a mix of self-study and formal education. It prepares the child to understand in order to maintain himself in the real world.
THE JUSTIFICATION OF THE ENTREPRENEURIAL SPIRIT:
We consciously or unconsciously learn many skills during our lifetime, some of which are recognized, some of which are not. But many skills are essential to an individual’s growth. Entrepreneurship is primarily about these skills.
These skills come from that side of education that teaches and helps the student regardless of their socio-economic status and pushes them to contribute to the economy of the country. We see many students graduating with a lack of advanced skills and innovative thinking, which is a setback for a greater cause.
According to the All India Survey on Higher Education, AISHE-2018-19, we have 993 universities, 39,931 colleges and 10,725 autonomous institutions, with an estimated total enrollment of 37.4 million with 19.2 million students. men and 18.2 million women in higher education. .
The gross enrollment rate fell from 25.8 in 2017-18 to 26.3 in 2018, which affects whether they do not have job opportunities or if they get a job, whether under – paid or not effective according to the qualifications; Now what? If they are introduced to an idea of self-sufficiency, they will have no trouble and will be enough to create employment opportunities. Entrepreneurs are most sought after in developing countries like India.
The government has even started recognizing entrepreneurs and small businesses by introducing programs and loans and introducing competency-based learning into the NEP 2020 curriculum. State governments have already launched workshops and training sessions. training for students. So it’s not just about learning inside the walls, but about learning and practicing what you’ve learned and experimenting with creativity.
IMPLICATIONS OF ENTREPRENEURSHIP IN STUDENT LIFE:
This initiative can be implemented by introducing it into the curriculum and making it more convenient for students. Focusing on the critical basics of entrepreneurship can be taught to every student, creating interest in the subject. By making it participatory, for example, students can interview and engage with entrepreneurs and learn from their experiences and exposure to learning, which will not only introduce them to a time real, but will also inspire them to learn more about business.
Another way to involve students in developing an entrepreneurial mindset can be to ask them to come up with a business idea or product. Involving other students in debating the idea improves brainstorming. This practice will enhance the student’s critical thinking and innovative thinking and increase their horizon to implement the learning in real life.
Adding these activities will expand research and other useful valuables and help them identify their interests. Students can acquire abilities such as critical thinking, identifying problems and opportunities, and understanding the fundamental nature of the market; after that, they can go one step forward.
THE FUTURE OF THE ENTREPRENEURIAL SPIRIT:
Change is the only constant, and entrepreneurship embraces change and uncertainty with surprises and delivers more skills and capabilities to individuals and society. Students need to look at the world differently and be more creative to bring needed change with value. Small practices add personality, which leads to a successful future.
Entrepreneurship is an educational reform that is being embraced globally. We can see examples like Japan and the United States. They are the most enterprising countries and they are known for the innovation they bring to the world. It is essential for Indian students and it is evident after the government embraced the idea and offered them help to grow.
By Jagdish Bishnoi, Founder and CEO, SAFL India Foundation Research Scholar, University of Delhi