Simon Ugochukwu | Aldersgate university college (original) (raw)

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Papers by Simon Ugochukwu

The rediscovery of small businesses or enterprise in tackling economic downturn and unemployment ... more The rediscovery of small businesses or enterprise in tackling economic downturn and unemployment is in itself a challenge that most governments around the world are battling with. This paper intends to develop a concept that introduces small business groups or clubs in secondary and tertiary institutions and should be closely supervised by the lecturers or teachers and mentored by renowned business gurus, voluntarily. This work would simply observe people, attitude, institutions and the know-how on creating wealth via entrepreneurship. In this respect, perhaps the informal/illiterate entrepreneur is creating wealth and leading the Nigerian business sector in a rediscovery of business as an enterprise, and also the rediscovery of business as a process limited only by the boundaries of our individual youth determination, intelligence, imaginative power, energy, and focused power. This paper would consolidate on existing knowledge and good practices in entrepreneurship education around three focus areas that covers the lifelong learning process of an individual: youth, higher education and social inclusion. It also outlines specific approaches that are needed for each one of these areas as well as opportunities, challenges, and practical recommendations. Keyword: Redefining entrepreneurship education, redirecting innovation, creative, skillful and youthful energy into new business ventures Entrepreneurship is an inner mindset of an individual to start a business venture or do business differently from the status quo. Entrepreneurship education seeks to provide students/individuals with the skills, knowledge, and motivation to encourage entrepreneurial success in a variety of settings. For the sake of this paper, entrepreneurship education would be restricted to a practical business group or club. The argument still lies on the great profitability of illiterate entrepreneurial against a literate youth unwilling to venture into any form of innovative products. Entrepreneurship and education are two such extraordinary opportunities that need to be leveraged and interconnected to develop the human capital that would be required to building the societies of the future. Entrepreneurship is the engine fuelling innovation, employment generation and economic growth. Only by creating an environment where entrepreneurship can prosper and where entrepreneurs can try new ideas and empower others that ensure that many of the world's issues will be addressed. As the definition is diverse, most of times they lead to the same opinion, as Kuratko and Hodgetts (2004) puts the opinion forward, Entrepreneurship is a dynamic process of vision, change, and creation. It requires an application of energy and passion towards the creation and implementation of new ideas and creative solutions. The essential ingredients include the willingness to take a calculated risk – in terms of time, equity, or career, the ability of formulating an effective venture team; the creative skill to marshal needed resource and fundamental skill of building solid business plan and finally, the vision to recognize opportunity where others see chaos, contradiction, and confusion. (Kuratko and Hodgetts, 2004).

The rediscovery of small businesses or enterprise in tackling economic downturn and unemployment ... more The rediscovery of small businesses or enterprise in tackling economic downturn and unemployment is in itself a challenge that most governments around the world are battling with. This paper intends to develop a concept that introduces small business groups or clubs in secondary and tertiary institutions and should be closely supervised by the lecturers or teachers and mentored by renowned business gurus, voluntarily. This work would simply observe people, attitude, institutions and the know-how on creating wealth via entrepreneurship. In this respect, perhaps the informal/illiterate entrepreneur is creating wealth and leading the Nigerian business sector in a rediscovery of business as an enterprise, and also the rediscovery of business as a process limited only by the boundaries of our individual youth determination, intelligence, imaginative power, energy, and focused power. This paper would consolidate on existing knowledge and good practices in entrepreneurship education around three focus areas that covers the lifelong learning process of an individual: youth, higher education and social inclusion. It also outlines specific approaches that are needed for each one of these areas as well as opportunities, challenges, and practical recommendations. Keyword: Redefining entrepreneurship education, redirecting innovation, creative, skillful and youthful energy into new business ventures Entrepreneurship is an inner mindset of an individual to start a business venture or do business differently from the status quo. Entrepreneurship education seeks to provide students/individuals with the skills, knowledge, and motivation to encourage entrepreneurial success in a variety of settings. For the sake of this paper, entrepreneurship education would be restricted to a practical business group or club. The argument still lies on the great profitability of illiterate entrepreneurial against a literate youth unwilling to venture into any form of innovative products. Entrepreneurship and education are two such extraordinary opportunities that need to be leveraged and interconnected to develop the human capital that would be required to building the societies of the future. Entrepreneurship is the engine fuelling innovation, employment generation and economic growth. Only by creating an environment where entrepreneurship can prosper and where entrepreneurs can try new ideas and empower others that ensure that many of the world's issues will be addressed. As the definition is diverse, most of times they lead to the same opinion, as Kuratko and Hodgetts (2004) puts the opinion forward, Entrepreneurship is a dynamic process of vision, change, and creation. It requires an application of energy and passion towards the creation and implementation of new ideas and creative solutions. The essential ingredients include the willingness to take a calculated risk – in terms of time, equity, or career, the ability of formulating an effective venture team; the creative skill to marshal needed resource and fundamental skill of building solid business plan and finally, the vision to recognize opportunity where others see chaos, contradiction, and confusion. (Kuratko and Hodgetts, 2004).