Role of colleges in promoting entrepreneurship skills among the Undergraduate students

Abstract

Entrepreneurship education is considered as one of the most influential forces that determine the health of the economy. Our education system is responsible for preparing young people to build successful lives. They should be ready for the wide range of possibilities ahead of them, including working for others, starting their own ventures, and contributing to their communities. All of these options require a depth of knowledge in their chosen discipline, as well as creative problem solving skills, leadership abilities, experience working on effective teams, and adaptability in an ever-changing environment. These skills are the cornerstones of entrepreneurship education, which explicitly prepares students to identify and address challenges and opportunities. Therefore, along with teaching traditional subjects, such as science, commerce, and history, that provide foundational knowledge, it’s imperative that we teach students to be entrepreneurial. Unfortunately, the present entrepreneurship education in India just concentrates on related courses. Moreover, the so called entrepreneurship courses are similar to the general business courses. But general business management education has no significant influence on entrepreneurial propensity. There is a demand for education programs specifically designed to expand students’ knowledge and experience in entrepreneurship. The contents and teaching methods have to be differentiated between entrepreneurship and traditional business courses. This paper attempts to explain the importance and role of entrepreneurship in Indian economy. This paper tries to explain the role of colleges in shaping and nurturing of future entrepreneurs. It also discusses whether the current curriculum taught in colleges meets the requirements of budding entrepreneurs. Moreover, this paper discusses the steps that should be taken by colleges towards promotion of entrepreneurship education