There exists a lack of a robust system of producing knowledge and skillset development that is useful, relevant and essential for success such as critical thinking, advanced problem solving, spotting patterns and optimising solutions, planning and budgeting, and innovation. Hence, the gap between academics and the real world continues to increase the need for a system relevant to what is happening on the ground.
Entrepreneurship courses help bridge this gap by teaching crucial life skills to students that will serve them well beyond the classroom walls. This skillset includes:
- How to work with a team
- How to prepare an effective presentation and speak in public
- How to handle real life problems that do not have a definitive answer
- How to find an innovative approach to difficult problems
- Understand the product development cycle and explore unique business ideas
Benefits of Entrepreneurship Courses for Students
- Prepare Students for an Unpredictable Future
The business landscape is constantly evolving and technological innovations are rapidly driving this global change. As a result, today’s students face an uncertain future full of complex social, global, and environmental issues. According to the McKinsey Global Institute report, nearly half of all the work humans do today will be automated by the year 2055, creating completely new responsibilities, skillset, roles, and challenges for the future workforce. Entrepreneurship courses become important here as it helps in skillset development of students such as empathy, teamwork, problem solving, and critical thinking that will help them navigate this uncertain future.
- Helps in Change Management
Entrepreneurship courses help students learn change management and a cultural shift which is essential to be competitive in the ever-evolving industry which requires individuals to embrace new ways of doing things, global perspective, agile adaptation, and creative skillset.
- Learn Creativity and Collaboration
Schools provide limited opportunities for students to innovate and collaborate with others. Entrepreneurship courses encourage innovation, creativity, and collaboration through skillset development, the highly valued attributes by the top colleges in the world.
- Problem Identification
Though students are taught problem-solving, they are not taught how to identify a problem. Traditionally, students are presented with issues clearly defined or faced by someone else and then taught the best solutions to deal with it. However, in the real world, problems are not fixed so, they can be solved only when they are properly identified. Entrepreneurship courses teach students to identify problems they have never encountered before.
Entrepreneurship Courses are Significant
The corporate is growing wary about the work readiness of graduates and is also unhappy with entry level talent. There is a desperate need for disruptive approaches for training which is adaptive, responsive, personalised, mobile, on-demand, experiential, self-directed, collaborative and social. Though academic knowledge is crucial for students as it expands their prospects of getting into the job market smoothly, to translate this academic knowledge into a successful career, skillset development is required during the senior secondary or graduation period. This is where entrepreneurship courses play a significant role.
We need to focus on skillset development, qualitative education and judicious career planning to make sure that when students complete their schooling or graduation, they are job-ready and able to compete with their global peers. Entrepreneurship courses ensure that the youth is prepared and trained to remain competitive in an ever-changing digital age. These courses can also be accessed through online learning.