ROLE OF MANAGEMENT EDUCATION IN DEVELOPING CORE ENTREPRENEURIAL COMPETENCIES

Author (s) : S.Pavithra, R.Ramya, M.Thilagam, P.Epsiba

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Abstract :
Entrepreneurship is a significant contributor to economic growth in any economy, as it leads to innovations, intensification of competitiveness in business, wealth creation, and generation of employment. Entrepreneurship is widely perceived as starting and managing one's own business by one's ability to ideas into action. This capability of a person to convert ideas into new venture creation and to survival and growth is termed as entrepreneurial competency. The entrepreneurial competencies are an important aspect of entrepreneurial behavior. The major factors leading to entrepreneurship de process provide a supportive setting wherein the entrepreneur can realize the benefits of entrepreneurial education is one such tool to catalyze entrepreneurial development. Entrepreneurial courses provide entrepreneurs with the knowledge pertaining to entrepreneurship development cha scouting, creating, and evaluating business opportunities and taking up new ventures Entrepreneurship something that is innate, rather it is a discipline that can be learned through in addition to one's con This paper focuses on the role of business courses, more specifically entrepreneurial education, in building core entrepreneurial competencies. The study uses correlation analysis and factor analysis to identify the m entrepreneurial competencies. The results of the study suggest three categories of core entrepreneurial competencies: technical/practical (identifying & acting on opportunities, systematic planning, problem-solving and information-seeking), attitudinal (self-confidence. persistence, and commitment to work), and personal (persuasion, assertiveness, and use of influence strategies). While the technical/practical comp are usually incorporated in entrepreneurship courses in management education programmers, the attitudinal and inter-personal competencies require focused soft skills training and experiential learning, which not specifically incorporated into entrepreneurship courses. This is an area in which entrepreneurial education can be further improved.

Keywords : Management Education, Entrepreneurial Competencies

Conference Date : 13/11/2020

Pages : 84

Paper ID : 20084