Page 24 - Economy_Local Development

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By creating jobs, training workers, building physical infrastructure, procuring raw materials, transferring
technology, paying taxes, and expanding access to products and services ranging from food and
healthcare to energy and information technology, companies affect people’s assets, capabilities,
opportunities, and standards of living. They influence the society, local communities, supportive
governments and other stakeholders now and into the future.
1

Entrepreneurship education can help promote an entrepreneurial and innovative culture in Europe by
changing mindsets and providing the necessary skills. The university traditionally has been focused on
ensuring students secure jobs, not to hep them become entrepreneurs. Meanwhile globalisation, the rapid
development of technology and the lower cost of travel have completely changed the nature of work. It is
no longer enough to train students for a career. Universities must prepare students to work in
a dynamic, rapidly changing entrepreneurial and global environment. Europe’s competitiveness, innovation
and economic growth depend on being able to produce future leaders with the skills and attitudes to be
entrepreneurial in their professional lives, whether by creating their own companies or innovating in larger
organisations. For this reason, entrepreneurship education is the first and arguably the most important
step for embedding an innovative culture in Europe. Students who receive entrepreneurship education are
more likely to become entrepreneurs in the future. Entrepreneurship helps broaden the horizon and
provide skills enhancement opportunities for youths. It also helps in increasing employability and life
chances while contributing to an extensive economic, social and local development. Effective
entrepreneurship education can be achieved by teachers encouraging learners to determine the right
questions, be creative and confident enough within their own capacity to take the necessary risks required
to succeed. Creative environment must also support failure as mistakes that can help to improve and do
better. Young people are future builders of the society and excellent teaching that includes
entrepreneurship will be an essential part of their success.

Source: https://ec.europa.eu/social/main.jsp?catId=738&langId=en&pubId=8201&furtherPubs=yes

1 http://www.negociosinclusivoscolombia.org/site/wp-content/uploads/2017/05/WBCSD-Guide-to-Measuring-Impact.
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