Education as a Stimulant of First Generation Entreprenuers – A Study
Keywords:
entrepreneurship, education, society, unemployment, socio-economic, growth oriented, roleAbstract
In the field of higher education, entrepreneurship education is reflected to be an emerging phenomenon. The paper comprised of the investigations relative to different entrepreneurial approaches and roles of education among the new entrepreneurs to inspire them and develop the concept of entrepreneurship among them. The literatures associated to entrepreneurship education made references concerning the values and perceptions of the first generation entrepreneurs of the society. The findings of this review paper suggested that a substantial socio-cultural effect on development of entrepreneurship education, gender equality and abolishment of other social stigmas through education. It is found that education relative to entrepreneurship is one of the most effective services that decide the economic conditions of a country. There was no doubt that entrepreneurship was regarded to be a strong tool used to deal with job difficulties faced by young people in many societies worldwide. The paper concludes with an idea that the concept of entrepreneurship cannot be simply perceived as a solution to unemployment of young people, as it tends to have high rate of failure, but it must be used as a means to raise awareness among the upcoming new generation entrepreneurs towards remaining content, disciplined, motivated and develop qualities that are growth-oriented for developing a country’s socio-economic status.
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