December 2011 ISSUE (VOL 25, NO 6)
412 Monitor
Edited by David Rae and Pauric McGowan
415 Introduction
417 The questions we care about: paradigms and progression in entrepreneurship education
441 Emergent issues in enterprise education: the educator’s perspective
451 The efficacy of entrepreneurship education: perspectives of Irish graduate entrepreneurs
469 The development of human capital in young entrepreneurs
483 University enterprise: the growth and impact of university-related companies in London
493 Calendar
494 Index to Volume 25, 2011
Title: The questions we care about: paradigms and progression in entrepreneurship education
Abstract: One of the most frequently discussed topics in the entrepreneurship education literature is current practice in entrepreneurship education with regard to what is taught and how it is taught. The literature on entrepreneurship education is replete with statistics and reviews of entrepreneurship courses and programmes. In this paper, the authors take a different approach and propose a model that transcends the current understanding of entrepreneurship. Instead of asking what entrepreneurship education is and what it does, they ask what ideally it should be and should do. The authors suggest that there is a logical progression between existing approaches – paradigms – to teaching entrepreneurship, and that a fourth ‘new’ paradigm, ‘everyday practice’, constitutes the foundation for all other entrepreneurship education because it establishes the core entrepreneurial competence. They further identify four dimensions as the constituent elements of entrepreneurship as everyday practice.
Abstract: While there has been a noted variation in the ‘species’ of entrepreneur so that no single list of traits, characteristics or attributes is definitive, it is posited that to be an entrepreneur a certain amount of entrepreneurial capability is required. Entrepreneurial capability’ is a concept developed to place some form of identity on the attributes that are needed to pursue an entrepreneurial career. The concept of entrepreneurial capability is linked to that of entrepreneurial capital, previously discussed by Erikson (2002) and Firkin (2003), but it provides greater depth and offers wider applicability. After reviewing the literature from the fields of economics, politics and the social sciences, the author proposes an ‘equation’ and a model for the factors that act as building blocks for an individual’s entrepreneurial capability, which can be applied to nascent as well as experienced and serial entrepreneurs.
Title: Emergent issues in enterprise education: the educator’s perspective
Abstract: Recent research suggests that important issues are emerging among enterprise educators in higher education institutions (HEIs). This paper examines four key areas of debate. The first of these is the assessment of entrepreneurship ideas and related activities (Pittaway and Cope, 2007). Penaluna and Penaluna (2008, 2009a,b), for example, focus on assessment methods in schools of art and design and on how these methods could be employed more effectively by enterprise educators. Second, and linked to the issue of assessment, is the area of ‘contextualized’ enterprise education, focusing on enterprise education as it is taught within the context of a specific discipline (for example, Carey and Matlay, 2007). The third area concerns online social media platforms and how in the UK these are increasingly being employed to deliver and support enterprise pedagogies, including the use of external contacts, teaching marketing and explorations of professional boundaries (Smith, 2009; Carey, 2009a,b,c; Harris et al, 2011). The final emergent topic relates to risk and responsibility in the assessment and potential support of business ideas in entrepreneurship education on offer in UK HEIs (Harte, 2008; ISBE, 2010). This article explores recent developments in the debates on these emergent issues and examines them in the context of enterprise education provision in UK HEIs.
Title: The efficacy of entrepreneurship education: perspectives of Irish graduate entrepreneurs
Abstract: This paper presents an analysis of the views of Irish graduate entrepreneurs on the efficacy of entrepreneurship education in fostering their development as entrepreneurs. It answers three key questions: (a) what was the graduate entrepreneurs’ experience of undergraduate entrepreneurship education; (b) what was the graduate entrepreneurs’ experience of graduate entrepreneurship education; and (c) to what extent did entrepreneurship education prepare the graduate entrepreneurs to start their own business? The authors find that graduate entrepreneurs benefit from entrepreneurship education, particularly at graduate level, when it is more relevant, engaging and applied. They conclude that entrepreneurship education can be enhanced through experiential learning and the authentic experience of both students and lecturers.
Abstract: This article presents a case study of how a business school has developed enterprise education to incorporate ethics and social responsibility. The authors describe the process of developing volunteering opportunities and embedding them in the curriculum, and outline the underlying pedagogy. They describe how existing approaches to project-based and problem-based learning may be applied to the different stages of learning and teaching development in enterprise, ethics and volunteering education. Finally, they offer their own adaptation of these frameworks to create an entrepreneurial volunteering-based learning, whereby student volunteering opportunities are embedded into enterprise education with a clear disciplinary knowledge base and explicit and assessed learning outcomes in both skills and knowledge.
Title: The development of human capital in young entrepreneurs
Abstract: This paper provides insights into the human capital development of a group of young entrepreneurs, all of whom have built growth businesses with turnovers of between £1M and £90M. Their development of knowledge and skills was investigated before and during the creation of their first main ventures. This is significant in the context of current UK government policies to encourage young people to consider entrepreneurship as a career. The study considers the relevant skills and knowledge the young entrepreneurs developed prior to starting their businesses, the influences they experienced and how this pre-entrepreneurial learning affected their venture creation activities. Finally, the paper considers the challenges the entrepreneurs faced as they grew their businesses.
Title: University enterprise: the growth and impact of university-related companies in London
Abstract: Over the last decade policies framing the enterprise agenda for UK higher education institutions (HEIs) have consistently emphasized the potential impact of successful universities on both regional and national economies. Such policies have been backed by significant public funding to ensure that the UK HEI sector is able to compete globally in the creation and exploitation of cutting- edge science. Collectively, these initiatives have led to the development of a ‘third mission’ for universities –increasing the pace and impact of knowledge-exchange activities – while simultaneously maintaining and improving their more traditional research and teaching activities. Previous studies have demonstrated the contribution of universities to the growth of high-technology clusters as well as to knowledge exchange activities more generally. However, the extent to which these activities, particularly the formation of new university-related companies, deliver benefits to particular regions and cities is imperfectly understood. As a consequence, the economic and social impact of companies originating in universities in the UK is generally under-reported by official surveys, which frequently fail to capture details of the trajectories of such companies after formation. These considerations form the context for this paper, which presents the results from a detailed study of the impact of science and technology based academic spin-offs from a cross-section of London’s HEIs.
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