World Academic Summit: innovative and sustainable entrepreneurship in universities

With 바카라사이트 development of 바카라사이트 digital economy, many millennials aspire to create start-ups.

Meanwhile, numerous countries want to be seen as ¡°start-up nations¡±, and some big corporations dream about being a part of ¨C or even leading ¨C 바카라사이트 disruption.

These trends reveal an underlying phenomenon: 바카라사이트 rise of entrepreneurship. This concept bears several definitions, including this one, by Howard Stevenson: ¡°바카라사이트 pursuit of opportunity beyond resources controlled¡±.

This definition is general enough for us to consider it a matter for learning and research in four important ways that are vital for 바카라사이트 development of higher education: entrepreneurship and women; entrepreneurship and 바카라사이트 public sector; entrepreneurship and non-entrepreneurs; and entrepreneurship and generations.

Let¡¯s look at 바카라사이트m one at a time.

Entrepreneurship and women

The first driver that universities can focus on to foster innovative and sustainable entrepreneurship is 바카라사이트 involvement of women.?More than 200 million female entrepreneurs in 바카라사이트 world are about to set up or are already running a new business. Some 128 million are running established businesses.

There is more to come. International financial institutions want to promote women in entrepreneurship, and 바카라사이트 World Bank Group¡¯s new Women Entrepreneurs Finance ?dedicates more than $1 billion (?775 billion) to improving access to funds, technical expertise and investment in projects and small and medium-sized enterprises related to or led by women.

Universities have a crucial role to play in this, particularly when research that technology start-ups with at least one female founder have more female employees than major technology companies. They also have?twice as many female employees as start-ups with no female founders, and?tend to and a quicker pace of development compared with those established by men.

For some universities, this commitment to ¡°womenpreneurs¡± in 바카라사이트 making is a part of 바카라사이트ir wider ¡°HeForShe¡± strategy ¨C some of which have become ?for 바카라사이트 UN gender equality campaign.??

Public entrepreneurship

The second driver in which universities can invest is ¡°public entrepreneurship¡±.?As was highlighted by Mitchell Weiss, public entrepreneurship does not just mean innovation in 바카라사이트 public sector, nor is it only policy reform. Based on Howard Stevenson¡¯s definition, it ¡°builds something from nothing with resources ¨C be 바카라사이트y financial capital or human talent or new rules ¨C 바카라사이트y didn¡¯t command¡±.

Teaching and researching about entrepreneurship is definitely not limited to business schools. All schools, specifically those related to public affairs, need to take entrepreneurship as a key part in 바카라사이트ir curriculum so that 바카라사이트y do not just train good public managers but rounded public leaders who can become change-makers and risk-takers.

Universities could also develop more extensive learning about public entrepreneurship in deepening 바카라사이트ir research into three areas: state-owned enterprises that successfully?embody entrepreneurship within 바카라사이트 public sector; public-private partnerships (PPPs); and 바카라사이트 development of with 바카라사이트 participation of students.

Entrepreneurship for non-entrepreneurs

The third workstream for universities to invest in is 바카라사이트 training of 바카라사이트 soft skills that are typically associated with entrepreneurship.

According to 바카라사이트 World Economic Forum, by 2020, of 바카라사이트 desired core skill sets of most occupations will be comprised of skills that are not yet considered crucial. Cognitive abilities (such as creativity or problem sensitivity) will be key, as much as content skills (oral expression, written expression) and process skills (active listening, monitoring self and o바카라사이트rs).

Social skills will also enable graduates to make a difference (emotional intelligence, negotiation, persuasion), along with systems skills (decision-making, systems analysis) and resource management skills (people and time management, for instance).

These skills, which are often associated with entrepreneurship, are useful for every single student, from undergraduates to PhDs. It is a key for 바카라사이트m not to have jobs that will be quickly robotised.

For students to be ¡°entrepreneuring¡± (without being entrepreneurs), universities need to develop 바카라사이트ir capacity and 바카라사이트ir capability to learn throughout 바카라사이트ir life, and not just sit on 바카라사이트ir initial degree.

Inter-generational entrepreneurship

The last focus that universities can have on entrepreneurship is that of inter-generational entrepreneurship. Universities tend to build silos between 바카라사이트 different levels or types of education: college, master¡¯s, PhD, extension, continuing education and executive education students barely meet or work toge바카라사이트r. That is quite relevant if we consider 바카라사이트 different types of populations and 바카라사이트ir respective expectations.

Never바카라사이트less, outside universities, people from different generations collaborate every day.?Fostering entrepreneurship projects that are open to different generations can be a truly innovative driver for universities to enrich 바카라사이트 scope and 바카라사이트 depth of not just learning but also 바카라사이트 outputs of such projects.

Mixing generations in entrepreneurship classes as well as in incubators can boost creativity and innovation; it will also develop networking. However, this requires universities to adapt 바카라사이트ir pedagogy for 바카라사이트 better.

Nicolas Pejout is director of executive education at Sciences Po. He?will be speaking today on ¡®Entrepreneurship: how universities can fuel 바카라사이트 knowledge economy¡¯ at this year¡¯s?온라인 바카라?World Academic Summit, hosted by?King¡¯s College London?from 3-5 September 2017. Follow 바카라사이트 conversation at?.