ENTREPRENEURSHIP:

ROLE OF TEACHERS

Dr. Anupam Kher

Dean Training and Placement
Shri Ramdeobaba College of Engineering
and Management, Nagpur
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Entrepreneurship Support & Promotion Infrastructure

National Entities
Regional Entities
Local Entities

Cross-Industry Associations
Entrepreneur Associations
Labor Unions

Regulatory Bodies
Transnational Entities

Government

Chambers of Commerce
Trade Associations

Grade-School &
Secondary Education

Business Associations
Journals
Television
Internet
Radio
Broadcasters
Reporters

Higher Education

The Media

Community
Organizations (Private)

Entrepreneurship
Support &
Promotion

Foundations
Agencies
Think Tank
Associations

Administrators
Teachers
Parents
Researchers
Professors
Business Plan
Competitions
Technology Transfer
Offices

Community
Organizations
(Public)
Semi-Governmental
Agencies

Service Providers

Mentor/Counselors
Accountants
Lawyers
Consultants
Incubators
Technological Parks

Entrepreneurs

Self-Employed
Small Business Owners
Entrepreneurs

Funding Sources

Economic Development
Offices

Venture Capitalists
Friends, Family &
Fools
Banks
Business Angels

Entrepreneurs: Born or Made?

Is there inborn talent required?
Assume that the answer is YES:
then we can identify the main characteristics
if we have them, fine - no others need to apply!
we could start spotting talent in kindergarten
we could "stream" these people
we could discourage people without these talents
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Entrepreneurs: Born or Made?

Assume the answer is NO:
then schools could teach anyone
would be a "profession" like law or medicine
companies could establish "nurseries" for them
government "incubators" would be successes

The real answer lies somewhere in-between

Talent and education is the way
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The Entrepreneurial Process

It is opportunity/market driven
It is driven by a lead entrepreneur
and an entrepreneurial team
It is resource parsimonious and creative
It depends on the fit and balance among
these
It is integrated and holistic

Enlightened Serendipity

Being in the right place

At the right time,
Recognizing it, and
Acting upon it,
APPROPRIATELY and
PASSIONATELY!!!
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Why India needs Entrepreneurship

India has three factors going for it:

the worlds largest youth concentration,

the hyper-aspirations of its youth,
and their impatience with realising their
goals,
Nandan Nilekani, chairman of the Unique
Identification Authority of India (UIDAI) and
co-founder of IT giant Infosys.
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Why India needs Entrepreneurship

India currently has approximately more than 50 million small
businesses; double the number of the small companies here in the U.S.
(23 million). According to a report by Business Today (India).
Breakdowns among the top industries are as follows.
Retail (except motor vehicles):
40%
Clothing manufacturing: 8.75%
Food & Beverage:
7%
Services:
6.2%
Auto (sales, maintenance, repairs):
3.6%
Furniture:
3.2%
According to Indian government data, Micro, Small and Medium
Enterprises (MSME) contribute nearly 8 percent of the country's GDP,
45 percent of the manufacturing output, and 40 percent of the country's
total exports. Small businesses in India create 1.3 million jobs every
year and provide the largest share of employment after agriculture.
They play a significant role in the country's GDP.
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Why India needs Entrepreneurs

A. Understanding the golden word Entrepreneurship

The word entrepreneurship itself means development of a business which is

novel in its nature.
Novel means unique and not an adaptation of an existing one. India needs more
entrepreneurs who can create innovative enterprises

B. VCs want to invest, but no takers

Several Venture Capitalists across the globe have set their eyes on India as it is
the fastest growing developing nation. Why do you think Walmart is so
desperate to venture into India? The world sees potential, and thus our country
needs more entrepreneurs to benefit from all the attention.

C. The more the exploration, the easier the inspiration

Right from food to clothes, there is an opportunity for successful businesses

everywhere. There is scope to set up ventures in the areas of education, power,
logistics, infrastructure, and the list goes on. To successfully make most of these
available prospects, we need entrepreneurs.

D. Find your comfort zone Monetarily

D.

India needs more entrepreneurs who can self-fund themselves at the outset and
seek funding alongside.

Entrepreneurship Education
Entrepreneurship education seeks to provide students with
the knowledge, skills and motivation to encourage
entrepreneurial success in a variety of settings.
Entrepreneurial education includes skill-building courses in
negotiation, leadership, new product development, creative
thinking, and exposure to technological innovation.
Therefore, teachers and students should embrace hands-on
teaching and learning for that recognizes certain desirable
outcomes and endorses student-centred instructional
approaches.
Learners in a normal classroom setting are expected to be
tooled with school-to-work life skills which are necessary
for the learners to maximize their educational growth and
development.

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Entrepreneurship Education
CHALLENGES
Most of the students are not interested to take up entrepreneurial activities
after the completion of the course.
Present academic curriculum unmatched with the industry needs, more over
the quality of the student is not up to the mark.
Majority of the students are not actively participating in the self development
programs like attending seminars, conferences etc. Even the institutions are
not keen towards establishing and actively supporting EDP cell.
There are problems with the teaching and learning aspects. Risk-taking
orientation considered as key step towards transformations of entrepreneurial
aspirations into a reality. The students dont possess the social-learningadjustment degree.
Industrial visits are not effectively designed.
Entrepreneurship attitude development element is least preferred in the
academic assignments.
Teaching fraternity is unable to identify and manage student entrepreneurial
aspirations and attitudes. No special attention on conducting sessions on
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entrepreneurial ideas development among the students.

Entrepreneurship Education
IMPLICATIONS
Since entrepreneurship education is about developing the ability to act in
an entrepreneurial manner, attitude and behaviors are perhaps more
important than knowledge about how to run a business.
In short, entrepreneurship education means developing a culture which is
through, for and about entrepreneurship. Such competencies are best
acquired through people-led enquiry and discovery that enable students to
turn ideas into action. They are difficult to teach through traditional
teaching and learning practices in which the learner tends to be a more or
less passive recipient. They require active, learner-centred pedagogies and
learning activities that use practical learning opportunities from the real
world.
Furthermore, since entrepreneurship education is a transversal competence
it should be available to all students and be taught as a theme rather than as
a separate subject at all stages and levels of education.
Clearly, the implication of these changes for teachers is substantial. They
mean nothing less than a new role for every teacher: that of learning
facilitator.

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ROLE OF TEACHERS
TO CREATE AN ENTERPRISING SPIRIT INTO TEACHING
AND INTO ALL ACTIVITIES IN THE COLLEGE.
All the teachers have a similar idea about the content of entrepreneurship
education. Teachers and students together should be ready to try new
things and have projects with certain level of risk.
The faculty should act as a change agent in understanding, assessing and
directing the entrepreneurial aspirations among the students.
Developing Entrepreneurship Development Program (EDP) cell,
Innovation Labs, Incubation Centers in the institution; coordinating with
the district industrial centers and local enterprises. Taking steps towards
creating a committee consisting of members from local entrepreneurs,
faculty and course director; aiming counselling, guiding and managing
the students towards understanding the significance and making ready to
take up entrepreneurship as a career.
Designing effective industrial visits on continual basis intended to
promote entrepreneurial attitudes among students.
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ROLE OF TEACHERS

CURRICULUM should be revised continuously with the changing

business needs. The teachers through board of students, academic
councils should approach regulatory bodies for their involvement in
designing new programs for entrepreneurship development.
New specializations are needed to be implemented in the area of
entrepreneurship development.
Assessing the student ideologies on the entrepreneurial activities
through focused assignments.
Frequent Organizing of entrepreneurship games for developing
entrepreneurial aspirations among management students.
Planning and arranging sessions for entrepreneurial idea generation
among the students through discussions and addressing rightly the
concerned issues.
Taking the assistance of successful and young (upcoming)
entrepreneurs for organize those sessions.
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ROLE OF TEACHERS
INVOKE THE ENTERPRISING SPIRIT OF THE STUDENTS:

Enterprising means one selfs focused developing as an

individual having or showing initiative and
resourcefulness.
To make the student: Independent, homing, selfesteeming, committing, adaptable, cooperative, persistent
and studious . All should master basic skills and
capabilities.
Students are not taught to be entrepreneurs but given
capabilities to get along with working life either as
entrepreneurs or workers.
Students should also become active citizens.
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ROLE OF TEACHERS

ENTREPRENEURSHIP
Understanding about business and entrepreneurial activities (e.g. risk and
surplus) and what does is demand, what entrepreneur needs to know and
plan. Giving a positive attitude towards entrepreneurship.
The educationally justifiable attitudes are: responsibility, hard working
and innovativeness. Autonomy individuals, self-directing and being
responsible towards society
Also inculcate initiative, active, cooperative attitude
To deliver basic information about entrepreneurship, starting up a new
firm, acting as an entrepreneur and about the features of entrepreneurs.
Stress upon positive attitude towards work, good manners, social ability
and respecting others.
In short:

Knowledge about entrepreneurship and business in societies.

Principles and character of entrepreneurship.
Starting up businesses.
The environment and society
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ROLE OF TEACHERS

ENTREPRENEURSHIP

Students get their first experiences about entrepreneurship and

business. They should understand that entrepreneurs are
independent and have passion and love for their work. Generally
the students are motivated when they can learn thing by doing, by
setting the space of learning and acting.
Guide student towards more entrepreneurial attitude of life in
studying and in all actions they are involved during their course.
Guide students to search for knowledge, getting to know different
forms of entrepreneurship, and to the knowledge, that one really
learns into entrepreneurship.
For this it is important to expose students to practical examples and
cases. The visits to companies should be entrepreneurship centric
and to be analyzed afterwards and specially the success factors of
the companies. Important is to take students as main learners in all
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these activities

ROLE OF TEACHERS

GUIDE, MENTORS

Why Become an Entrepreneur?

Difficulties towards Start-ups
Go It Alone or Team Up?
Choosing a Product / Service and a Market
Entry Strategies for New Ventures
The Entrepreneur and the Internet
Choosing a Form of Business
Intellectual Property: A Valuable Business Asset
The Information of Government Policies and their
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Importance

ROLE OF TEACHERS

INDUSTRY-INSTITUTE INTERACTION (I-I-I)

I-I-I provides the best platform for showcasing the best practices, latest
technological advancements, and their implementation and impact on
the industry.
I-I-I promotes industry experts to participate in curriculum design which
plays a significant role in preparing the students ready for the industry.
Through I-I-I, industries can participate in technical education programs
and cross-fertilize ideas for systems improvement. Teaching-learning
processes can be improved by integrating industrial training to the
students which also provides an exposure of the corporate world.
Students should be encouraged to undertake the final year projects in the
industry with a joint supervisor from the industry.
I-I-I promotes development of entrepreneurs which further leads to rapid
industrialization and hence improved well-being of a country.
I-I-I can also increase the research and development activities in both
industries as well as institutions which further leads the nation to grow
technologically and socioeconomically.

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ROLE OF TEACHERS

NEW ROLES

PROFESSORS OF PRACTICE (POP)

A Professor of Practice integrates business and academic roles
and collapses the university-industry divide, turning a conflict of
interest into a confluence of interest.
The PoP concept, with a half-time role in the college and a halftime commitment to an enterprise could be extrapolated where a
so-called PoP, together with a junior associate, heads an
Entrepreneurship Centre and manages a stable of adjuncts, full
time business people who teach individual specialized courses in
the college.
The Professors of Practice concept is meant to encourage
innovation and, as such, there is the need for an enhanced
Technology Transfer Office (TTO) that will be decentralized into
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departments and research units.

THANK YOU

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