Entrepreneurship is a developmental process. We admit that the importance of fostering the entrepreneurial spirit from an early age and keeping it alive through all educational levels. In most cases entrepreneurship is instilled in classes where is provides the context for learning other basic skills and motivating students to want to learn. In the more advanced grades it also has become a separate course assisting the outcomes of the higher levels of the long-lasting learning model.
Entrepreneurship education means many various things to educators – from primary schools to university, from vocational education to a university MBA. At each level of education, it is logical to expect different conclusions as student mature and build on previous knowledge. But the overall purpose remains to broaden skills as an entrepreneur.
Entrepreneurship is a lifelong process that has at least five well-defined stages of progress. They are basics, competency awareness, creative applications, start-up and growth. This lifelong learning model assumes that everyone in our education system should have opportunities to acquire knowledge at the beginning stages, while the later stages are aimed at those who may specifically choose to become entrepreneurs.
Educational institutions should encourage entrepreneurial students to learn from their colleagues worldwide. Mobility within international learning networks, creates an informal circles of exchange. Therefore, an effective entrepreneurial strategy is needed to embrace teaching entrepreneurship for future entrepreneurs and start-ups. This can also include project-based exchanges for students, who can study abroad, experience to work in a different country, and later return home to set up a new company that can operate locally or to conduct business across national borders. This form of brain circular migration drives a country to international prestige in the new age of knowledge-intensive entrepreneurial economy.
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