Approaches in teaching entrepreneurship - Deepstash

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.

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MORE IDEAS FROM Can Entrepreneurship Be Taught in a Classroom?

Criticism of teaching entrepreneurship

There is a high degree of skepticism around the idea that entrepreneurship can be taught in a classroom.

Numerous successful entrepreneurs never went to business school or graduated from college. The abstract analytical models of a typical business school curriculum is generally in conflict with imagination, disruption, and counterintuitive action needed for entrepreneurship. Still, many schools feel there is a place for formal education when looking at entrepreneurship.

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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 these challenges.

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An effectual approach:

The idea is quite simple – do not try to predict what cannot be predicted; instead, focus on what is within your control, take actions to make progress and course correct as the future unfolds.

The effectual approach can be summarized thus - control and shape the future, rather than predict and plan for it.

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Defining homeschooling

Homeschooling is a progressive movement around the world where parents educate their own children at home.

The homeschooling movement began in the 1970s when researchers and authors such as John Holt and Dorothy and Raymond Moore started writing about educational reform. They promoted homeschooling as an alternative educational option.

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Getting an MBA

An MBA (Master of Business Administration) is a postgraduate dgeree that is bestowed upon students who have mastered the study of business and who are looking forward to bigger career opportunities.

There are full time and part time programs that you can choose from according to your schedule and career goals.

MBA programs also offer the following:

  • the traditional two-year program;
  • the accelerated program (that you can finish in a year);
  • and an executive MBA program (which is designed for business executives)

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