usasbe slides 2006

7/31/2019 Usasbe Slides 2006

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Entrepreneurship Education inthe 21st Century: From

Legitimization to Leadership

by

Dr. Donald F. KuratkoThe Kelley School of Business

Indiana University - Bloomington


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The Millennium

MindsetAn Entrepreneurial

Perspective


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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 everylevel and in every country.

Entrepreneurial Perspective


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Emerging Issues

in

Entrepreneurship


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Emerging Issues inEntrepreneurship

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 isuniversal, 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 nowthe hottest topic at U.S. business

and engineering schools.


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Entrepreneurship

Educations

Remarkable

Growth


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2,200 courses1,600 schools

277 endowed positions44 refereed academic journals

over 100 established centers$440 millionin 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 thatit differentiates from typical

business education.


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Innovative Entrepreneurship

Programs

USASBEModel programs includeundergraduate programs, graduate-

level programs, innovative pedagogy,

and specialized programs.


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Concerns/Challenges

for

EntrepreneurshipEducation


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Vesper (1999) warned that therewas unfinished businessleft from

the 20th

Century. He saw this interms oflegitimacy,paradigms,

content, research,autonomy, andpermanence.


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Stevenson (2000) warned,Anentrepreneurial revolutionhas

occurred..The danger lies inpresuming

that the future is withoutchallenge.


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Entrepreneurship is now a partof themainstreamhowever, the greatest danger of all..

guarding the past, espousing orthodoxy

and refusing to see the wisdom

inherent in the future will lead to thesame problems in education as in

business. (Stevenson,2000)


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The

Maturity

Question


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How manyfulldepartments ofentrepreneurship exist?

How many young faculty arebeing granted tenure for their

research and teaching inentrepreneurship?


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How many deans are rising fromthe ranks of entrepreneurship

faculty?How many business schools

rank thepure entrepreneurshipjournalson their A list?


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Our collective leadershipmust inspire the next

generation ofentrepreneurship faculty to

take our discipline to the

next plateau


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Entrepreneurships rightfulplace in business schools of

the 21st Century will be oneofleadership in curriculum,

research andfaculty.


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The

Research

Dilemma


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Respect

for themainstreamentrepreneurship

journals.


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ET&P, JSBM,

JBVThese are quality

journals!!


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The Shortage

of

EntrepreneurshipFaculty


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There is a shortage of

entrepreneurshipfaculty at every

academic rank.


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Babson College has producedthe Price-Babson College Fellows

program.

Syracuse University hasdeveloped an Experiential

Classroom.


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The

Technology

Challenge


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only 21 percent of therespondents indicated they

use distance-learningtechnologies in their

entrepreneurship educationcourses.

(Solomon, et al. 2002)


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Technology must be

embraced inside and

outside of ourclassrooms.


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TheDotCom

Legacy


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Our classrooms became infatuated

with the drive for liquidity,fast

cash,quick exits.

We pursued an investment

mentalityrather than facilitating

the search for an enduringenterprise!


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The

Academia/BusinessIncongruence


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John Hughes and Michael Hennessy(Coleman Foundation)

have argued for (and financiallysupported) the integration of

entrepreneurs (Es) into theclassroom setting with academics

(As).


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The

Dilution Effect


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As entrepreneurship hasbecome more

legitimized in our

universities, there is adanger of diluting its real

meanin !


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There seems to be a real use andabuseof this term for purposes other than

enhancing the field of

entrepreneurship education. As

entrepreneurship educators, we must

be guardians of the true meaning andintent of the word entrepreneurship.


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The

Security-Risk

Dilemma


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Too many faculty pursuetenure as their only goal.

The challenges of

entrepreneurship are forlater in their career.


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What message is beingconveyed in our classrooms?

Students should embrace riskwhile faculty pursue security!

It is a real dilemma that existsin academia!


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The

AdministrationRevolving Door

Problem


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Provosts, and Deansare continuously changing

among universities. Withthose position changes

come values and vision

changes


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Entrepreneurship FacultyMust Build Their

Programs/Centers Into

The University!!


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The

Power of One

Challenge


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Critics argue that our fieldis weak because many E-

Programs hinge on onepersons 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 forLeadership!

(Our Challenge)


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To move the world,

we must first moveourselves.~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 startswith one step!


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The emerging generationof entrepreneurship

educators must avoid theparadigm paralysis that has

consumed so many business

disciplines


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PARADIGM PARALYSISTerminal Disease

of Certainty


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As entrepreneurshipeducators we must have the

same innovative drive and risktaking propensitythat is

expected fromentrepreneurship students.

usasbe slides 2006

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