The value of entrepreneurial training is being proven by research! ![]()
That’s according to the first phase of an ambitious study being conducted by the Ewing Marion Kauffman Foundation and the Small Business Administration. A team of researchers from the New York University Stern School and the New York University Stern School Berkley Center for Entrepreneurship & Innovation followed more than 5,500 students and graduates of five universities.
Initial results indicate – not surprisingly — that students who take entrepreneurial courses are more likely to launch, run or be employed by a start-up than others. ![]()
But the more insightful finding is that students who took an entrepreneurial course were more innovative than company founders who didn’t. Those students had far more patents or copyrights (75% vs. 19%), new production processes (62% vs. 28%), and new services or products (86% vs. 18%). So much for the "nature" philosophy. ![]()
The "nurture" perspective was also supported in the research results, but with some caveats. In the first phase of the same study, undergraduate respondents who met two qualifications — they defined themselves as "extroverted" and had a family member who was an entrepreneur — had more intention to start a company than others.
……But they still scored lower on the innovation scale than the group who had entrepreneurial training. ![]()
Its all about being Natural ![]()
Cheers!
Apeksha
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