Countering Jobless Growth and Unemployment Through Meaningful Entrepreneurship Education

Poonam Magu¹

¹Associate Professor, Institute of Home Economics, University of Delhi, F - 4, Haus Khas Enclave, New Delhi, Email: pmagu_65@yahoo.com

ABSTRACT:

Entrepreneurship is a highly valued activity, widely promoted by governments in developing economies due to its potential to create jobs and reduce the negative impacts of unemployment and a 'jobless' economy. In order to inspire young people to start their own venture, it is essential to first cultivate an entrepreneurial intent—whether for immediate action or in the future. In this process education plays a crucial role. This paper examines the entrepreneurial intentions of students nearing graduation who have studied one paper of entrepreneurship in their final year. The findings reveal that while most students are not inclined to start a business right away, 62 per cent are interested in pursuing entrepreneurship at some point in the future.

Keywords: Entrepreneurship, Entrepreneurship intent (EI), Entrepreneurial education (EE), Jobless economy, Unemployment

DOI:

FULL TEXT:

---

REFERENCES:

Ben Youssef, A., Boubaker, S., & Omri, A. (2017). Entrepreneurship and sustainability goals: The need for innovative and institutional solutions. Technological Forecasting and Social Change, 129, 232-241. doi:10.1016/j.techfore.2017.11.003

Burke A. E., Fitzroy F. R., & Nolan M. A. (2002). Self-employment wealth and job creation: The roles of gender, non-pecuniary motivation and entrepreneurial ability. Small Bus. Econ. 19(3), 255–270. 

Dewan, N. (2024, August 16). How an increase in women-owned businesses can generate over 150 million jobs. The Economic Times. Retrieved from https://economictimes.indiatimes.com/small-biz/sme-sector/how-an-increase-in-women-owned-businesses-can-generate-over-150-million-jobs/articleshow/112558944.cms

Dhaliwal, A. (2016). Role of entrepreneurship in economic development. International Journal of Scientific Research and Management (IJSRM), 4(6).

Global Entrepreneurship Monitor (GEM). (2024, February 13). 25 years and growing (Press release). Retrieved from  https://gemconsortium.org/reports/latest-global-report

Gupta, T., & Shree, A. (2024). Entrepreneurship education: Promoting economic growth & development. Third Concept, 38(446), 16-20.

Hefer, Y., Cant, M. C., & Wiid, J. A. (2015). Starting one’s own business: What motivates entrepreneurs? International Business & Economics Research Journal (IBER), 14(2), 237–246. doi:10.19030/iber.v14i2.9110

India Employment Report. (2024). Youth employment, education, and skills (pp. xxvi, 5). Retrieved from http://www.indiaenvironmentportal.org.in/files/file/India%20Employment%20Report%202024.pdf

Indira, G. (2015). A study on the development of entrepreneurship in small scale industries. Doctoral dissertation, Bharathidasan University. Retrieved from http://hdl.handle.net/10603/211628

Jones, C., & English, J. (2004). A contemporary approach to entrepreneurship education. Education + Training, 46, 416-423. doi:10.1108/00400910410569533

Kigotho, W. (2022, April 14). Why are students reluctant to become entrepreneurs? University World News, Africa edition. Retrieved from https://www.universityworldnews.com/post.php?story=20220411150258161

Kovaleva, Y., Hyrynsalmi, S., Saltan, A., Happonen, A., & Kasurinen, J. (2023). Becoming an entrepreneur: A study of factors with women from the tech sector. Information and Software Technology, 155, 107110. doi:10.1016/j.infsof.2022.107110

Kurniawan, M. E. H., Yudoko, G., Basri, M. H., & Umbara, A. N. (2019). Do entrepreneurship students have an intention to become an entrepreneur? Journal of Entrepreneurship Education, 22(2), 1-14.

Meyer, N., & de Jongh, J. (2018). The importance of entrepreneurship as a contributing factor to economic growth and development: The case of selected European countries. Journal of Economics and Behavioral Studies, 10(4(J), 287-299. doi:10.22610/jebs.v10i4(J).2428

Neneh, B. N., & Dzomonda, O. (2024). Transitioning from entrepreneurial intention to actual behavior: The role of commitment and locus of control. The International Journal of Management Education, 22(2), 100964. doi:10.1016/j.ijme.2024.100964

Neumann, T. (2021). The impact of entrepreneurship on economic, social, and environmental welfare and its determinants: A systematic review. Management Review Quarterly, 71, 553–584. doi:10.1007/s11301-020-00193-7

Praag, C. M., & Versloot, P. H. (2007). What is the value of entrepreneurship? A review of recent research. Small Business Economics, 29, 351–382. doi:10.1007/s11187-007-9074-x

Sanchez, V. B., & Sahuquillo, C. A. (2011). Reasons to create a new venture: A determinant of entrepreneurial profiles. African Journal of Business Management, 5(28), 11497-11504.

Śledzik, K. (2013). Schumpeter’s view on innovation and entrepreneurship. SSRN Electronic Journal, 89-95. doi:10.2139/ssrn.2257783

Smit, S., Condon, J., & Kwiatkowski, K. (2024). Economic conditions outlook. McKinsey Global Survey Report. Retrieved from https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/economic-conditions-outlook-2024

Thompson, E. R. (2009). Individual entrepreneurial intent: Construct clarification and development of an internationally reliable metric. Entrepreneurship Theory and Practice, 33(3), 669-694. doi:10.1111/j.1540-6520.2009.00321.x

UN Trade & Development. (n.d.). Entrepreneurship policy framework and implementation guidance. Retrieved from https://unctad.org/topic/enterprise-development/entrepreneurship-policy-hub/5-Access-to-Finance