Entrepreneurship Education in the 21st Century: From Legitimization to Leadership by Dr' Donald F' K

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Entrepreneurship Education in the 21st Century
From Legitimization to LeadershipbyDr. Donald
F. KuratkoThe Kelley School of BusinessIndiana
University - Bloomington
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The Millennium Mindset An Entrepreneurial
Perspective
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Entrepreneurial Perspective
Entrepreneurship is an integrated concept that
permeates an individuals business in an
innovative manner. It is this perspective that
has revolutionized the way business is conducted
at every level and in every country.
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• Emerging Issues
• in Entrepreneurship

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• Emerging Issues in Entrepreneurship

• Venture financing, has emerged with unprecedented
  strength.
• Corporate entrepreneurship has become a major
  focus.
• Entrepreneurship and strategy have found common
  linkages.

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• Emerging Issues (cont.)

• Women and minority entrepreneurs have soared in
  unprecedented numbers.
• The entrepreneurial spirit is universal, based on
  interest in entrepreneurship around the globe.

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• Emerging Issues (cont.)

• Family businesses have now emerged as a
  concentrated field of study.
• Entrepreneurial education is now the hottest
  topic at U.S. business and engineering schools.

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Entrepreneurship Educations Remarkable Growth
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2,200 courses 1,600 schools 277 endowed
positions 44 refereed academic journals over
100 established centers 440 million in
wealth (over 75 accrued since 1987) Katz,
2003
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Solomon, Duffy, and Tarabishy (2002) conducted
one of the most comprehensive empirical analyses
on entrepreneurship education. A core
objective of entrepreneurship education is that
it differentiates from typical business
education.
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Innovative Entrepreneurship Programs USASBE
Model programs include undergraduate programs,
graduate-level programs, innovative pedagogy, and
specialized programs.
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• Concerns/Challenges for Entrepreneurship Education

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Vesper (1999) warned that there was unfinished
business left from the 20th Century. He saw
this in terms of legitimacy, paradigms, content,
research, autonomy, and permanence.
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Stevenson (2000) warned, An entrepreneurial
revolution has occurred.. The danger lies in
presuming that the future is without challenge.
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Entrepreneurship is now a part of the
mainstream however, the greatest danger of
all.. guarding the past, espousing orthodoxy and
refusing to see the wisdom inherent in the future
will lead to the same problems in education as in
business. (Stevenson,2000)
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• The
• Maturity
• Question

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How many full departments of entrepreneurship
exist? How many young faculty are being granted
tenure for their research and teaching in
entrepreneurship?
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How many deans are rising from the ranks of
entrepreneurship faculty? How many business
schools rank the pure entrepreneurship journals
on their A list?
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Our collective leadership must inspire the next
generation of entrepreneurship faculty to take
our discipline to the next plateau.
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Entrepreneurships rightful place in business
schools of the 21st Century will be one of
leadership in curriculum, research and faculty.
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• The
• Research
• Dilemma

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Respect for the mainstream entrepreneurship
journals.
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ETP, JSBM, JBV These are quality journals!!
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• The Shortage
• of
• Entrepreneurship
• Faculty

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There is a shortage of entrepreneurship faculty
at every academic rank.
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The entrepreneurship discipline must develop
faculty. We have pioneered an entire academic
field that has grown exponentially in 30 years!
Why should we stop short now?
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Babson College has produced the Price-Babson
College Fellows program. Syracuse University has
developed an Experiential Classroom.
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• The
• Technology
• Challenge

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only 21 percent of the respondents indicated
they use distance-learning technologies in their
entrepreneurship education courses. (Solomon,
et al. 2002)
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Technology must be embraced inside and outside of
our classrooms.
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• The DotCom Legacy

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Our classrooms became infatuated with the drive
for liquidity, fast cash, quick exits. We
pursued an investment mentality rather than
facilitating the search for an enduring
enterprise!
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• The Academia/Business Incongruence

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John Hughes and Michael Hennessy (Coleman
Foundation) have argued for (and financially
supported) the integration of entrepreneurs
(Es) into the classroom setting with academics
(As).
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• The
• Dilution Effect

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As entrepreneurship has become more legitimized
in our universities, there is a danger of
diluting its real meaning!
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There seems to be a real use and abuse of this
term for purposes other than enhancing the field
of entrepreneurship education. As
entrepreneurship educators, we must be guardians
of the true meaning and intent of the word
entrepreneurship.
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• The
• Security-Risk
• Dilemma

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Too many faculty pursue tenure as their only
goal. The challenges of entrepreneurship are for
later in their career.
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What message is being conveyed in our classrooms?
Students should embrace risk while faculty
pursue security! It is a real dilemma that
exists in academia!
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• The
• Administration Revolving Door
• Problem

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Provosts, and Deans are continuously changing
among universities. With those position changes
come values and vision changes.
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Entrepreneurship Faculty Must Build Their
Programs/Centers Into The University!!
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• The
• Power of One
• Challenge

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Critics argue that our field is weak because many
E-Programs hinge on one persons drive and
determination.
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I would argue that it is our strength!
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• A Call To Action!
• A Call for Leadership!
• (Our Challenge)

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To move the world, we must first move
ourselves. Socrates
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Each one of us can make a difference if we try!

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Remember, the journey of 10,000 miles always
starts with one step!
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The emerging generation of entrepreneurship
educators must avoid the paradigm paralysis that
has consumed so many business disciplines.
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PARADIGM PARALYSIS

• Terminal Disease of Certainty

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As entrepreneurship educators we must have the
same innovative drive and risk taking propensity
that is expected from entrepreneurship students.