Entrepreneurship education has proven to have one of the highest return of investments in Europe.
Enterprise and entrepreneurship education is crucial because of the increasing youth populations and youth unemployment in many countries today. As a result, there has been an increased focus on job creation and enterprising behavior within employment. Technological advancements have a significant impact on how businesses operate and more young people will have to move across borders and different sectors due to the internationalisation of businesses.
Therefore, this group of individuals will have to be innovative, adaptive, resilient and flexible to manage the dynamic workforce. The recent expansion of enterprise education in the UK and beyond is a result of the shift in national education policies. As such, the inclusion of entrepreneurship education in technical and vocational education and training (TVET) can help further warrant the employability of graduates.
In addition, entrepreneurship education has proven to have one of the highest return of investments in Europe. Students who receive entrepreneurship education are more likely to become entrepreneurs in the future. Entrepreneurship helps broaden the horizon and provide skills enhancement opportunities for youths. It also aids in increasing employability and life chances while contributing to an extensive economic and social development.
Effective entrepreneurship education is dependent on both educators and school culture. Entrepreneurship teaching involves encouraging learners to determine the right questions, be creative and confident enough within their own capacity to take the necessary risks required to succeed. Creative environment must also support failure as mistakes can often prove to be the greatest lessons. Young people are future builders of the society and excellent teaching that includes entrepreneurship will be an essential part of their success.
Soure: British Council