Approaches in teaching entrepreneurship

Three Top North American MBA programs developed their own philosophies in teaching entrepreneurship:

• The first approach focused on instilling an appreciation for the value of real-life experience in an "operating theater" classroom setup where the professor pokes and prods on startups.
• The second approach is focused on "rewiring" students to take action instead of falling into analysis paralysis. This approach invites students to accept a certain amount of risk.
• The third approach emphasized the types of resource and risk optimization that is offered by the more conventional business school. This philosophy may help more mature startups avoid common pitfalls, but it is less useful for entrepreneurs dealing with extreme uncertainty.

The current pandemic shows the importance of preparing entrepreneurs to face the increasingly complex and uncertain world.

Future leaders should be educated to see the uncertainty of our future as a reality to be embraced. The next generation of entrepreneurs should be empowered to meet t...