Factors Promoting the Entrepreneurship Ecosystem in Heis of India and its Impact on Millennials’ Education
DOI:
https://doi.org/10.26668/businessreview/2023.v8i4.1795Keywords:
Self-Reliant, HEIs, New Venture, Entrepreneurship, Ecosystem, EducationAbstract
Purpose: The aim of this study is to examine the steps taken by HEIs after the announcement of the startup India campaign by the government in 2015. This research paper will highlight the factors which are responsible to establish an entrepreneurial ecosystem by providing the right education in HEIs f India.
Theoretical framework: Entrepreneurship in educational institutions has increased significantly due to Government’s efforts through the national innovation start-up policy which is not only supporting buddy entrepreneurs but also opening avenues for faculty members. This research paper will highlight the factors which are responsible to establish an entrepreneurial ecosystem by providing the right education in HEIs of India.
Design/methodology/approach: The data has been collected from HEIs of Delhi NCR, India and the same is analysed and interpreted using Statistical Package for Social Sciences (SPSS) software by considering two variables Ecosystem and Education in the Entrepreneurial context. This paper attempts to fill this gap in current research and highlight the role of HEIs in nurturing and shaping future entrepreneurs in India.
Findings: The results through in-person interviews demonstrated that students have a strong willingness to explore this subject however HEIs need to design the right curriculum for better outcomes to nurture buddy entrepreneurs. The result of data analysis shows there exists a significant relationship between education, entrepreneurial ecosystem and career aspirations.
Research, Practical & Social implications: The study suggested that HEIs should have a detailed profile of students’ backgrounds which enables them to design the right strategy for establishing an entrepreneurial ecosystem.
Originality/value: The value of the study is the analysis of the willingness of students towards entrepreneurship as a career and the preparation of HEIs in the implementation of entrepreneurship education. There is an utmost need to design a curriculum by understanding the need of students which can enhance not only their knowledge, skills and abilities but their experience in the world of entrepreneurship.
Downloads
References
Alzghoul, A., Algraibeh, K. M., Khawaldeh, K., Khaddam, A. A. et al. (2023). Kasasbeh, O. International Journal of Professional Business Review. Nexus of Strategic Thinking, Knowledge-Oriented Leadership, and Employee Creativity in Higher Education Institutes, 8(4), e01107. https://doi.org/10.26668/businessreview/2023.v8i4.1107
Baghel, D., Pawar, P. G., Ingale, P., Ajotikar, M. V., & Sahoo, A. (2023). Effects of creativity and innovation on the entrepreneurial performance of the family business with special reference to banking sector. International Journal of Professional Business Review, 8(4), e0996. https://doi.org/10.26668/businessreview/2023.v8i4.996
Basu, R. (2014). Entrepreneurship education in India: A critical assessment and a proposed framework. Technology and Innovation Management [Review], 4(8), 5–10. https://doi.org/10.22215/time/817
Bharucha, J. (2019). Entrepreneurship education management in India. International Journal of Business Excellence, 17(4).https://doi.org/10.1504/IJBEX.2019.099125
Bosman, N., & Harding, R., 2007, Global entrepreneurship monitor, Executive Report. Babson College and London Business School
Neely, A., & Hii, J. (1998). Innovation and business performance: A literature review. Journal of Management Studies. University of Cambridge, January 15.
Reinmoeller, P. and van Baardwijk, N. (2005) "The link between diversity and resilience". MIT Sloan Management Review, Vol 46, No. 4, pp 61-65
Sánchez, J. C. (2011). University training for entrepreneurial competencies: Its impact on intention of venture creation. International Entrepreneurship and Management Journal, 7(2), 239–254. https://doi.org/10.1007/s11365-010-0156-x
Sesen, H. (2013). Personality or environment? A comprehensive study on entrepreneurial intentions of university students. Education + Training, 55(7), 624–640. https://doi.org/10.1108/ET-05-2012-0059
Shaw, G., & Urban, B. (2011). The influence of the institutional environment on entrepreneurial intentions in an emerging economy, International Council for Small Business, ICSB World Conference. Proceedings, 1–36.
Seville, E. (2011). Resilience: What does it mean for an organization? http://www.rsrc.co.nz/CAE_Bulletin.html.
Qian, S., Miao, C., & Fiet, J. O. (2014). The relationship between entrepreneurship education and entrepreneurial intentions: A meta-analytic review. Entrepreneurship Theory and practice space. sBae, T.J., 38, 217–254
Welsh, D. H. B. (2014). Cross-disciplinary entrepreneurship: A practical guide for a campus-wide program. New York, NY: PalgraveMacMillan.
Welsh, D. H. B., & Dragusin, M. (2013). The new generation of massive Open Online Courses (MOOCS) and entrepreneurship education. Small Business Institute Journal, 9, 51–65.
Welsh, D. H. B., & Dragusin, M. (2011). Entrepreneurship Education in higher education institutions as a requirement in building business excellence: The case of The University of North Carolina at Greensboro. Forum Ware InternationalJournal, 1, 1810–7028 (special issue on International Society of commodity Science and Technology)
Welsh, D. H. B., & Tullar, W. (2014). A model of cross-campus entrepreneurship and assessment. Entrepreneurship research journal, 4, 95–115.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Yagbala Kapil, Neelam Saxena, Puneet Mohan
This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.
Authors who publish in this journal agree to the following terms: the author(s) authorize(s) the publication of the text in the journal;
The author(s) ensure(s) that the contribution is original and unpublished and that it is not in the process of evaluation by another journal;
The journal is not responsible for the views, ideas and concepts presented in articles, and these are the sole responsibility of the author(s);
The publishers reserve the right to make textual adjustments and adapt texts to meet with publication standards.
Authors retain copyright and grant the journal the right to first publication, with the work simultaneously licensed under the Creative Commons Atribuição NãoComercial 4.0 (http://creativecommons.org/licenses/by-nc/4.0/), which allows the work to be shared with recognized authorship and initial publication in this journal.
Authors are allowed to assume additional contracts separately, for non-exclusive distribution of the version of the work published in this journal (e.g. publish in institutional repository or as a book chapter), with recognition of authorship and initial publication in this journal.
Authors are allowed and are encouraged to publish and distribute their work online (e.g. in institutional repositories or on a personal web page) at any point before or during the editorial process, as this can generate positive effects, as well as increase the impact and citations of the published work (see the effect of Free Access) at http://opcit.eprints.org/oacitation-biblio.html