4th Mar, 2020

Top 4 Techniques for Better Entrepreneurship Training Programme

Entrepreneurship is often seen as a method— a process of finding possibilities, recognizing the needs of capital, obtaining resources, preparing, and executing them. Of course, as in a fabrication process, a "process" assumes known inputs and known outputs. Construction of a car on an assembly line, for example, is a fabrication operation. You know all the parts; you know how they go together, and at the end you know what kind of car you are going to buy. It is all predictable. However, in the case of entrepreneurship it is not so. Therefore, it is better to teach good techniques in entrepreneurship training to counteract this unpredictability. This article reveals four methods that can be used for the instruction in entrepreneurship or in an entrepreneurship training;

Technique 1: Starting up companies while on entrepreneurship training programme

In recent years, starting up companies as part of entrepreneurship training programme has become more commonplace. Most business schools today have integrated their entrepreneurship programs into the real-world practice of business development. Moreover, when we talk of a pedagogy of action within the framework of entrepreneurship, we promote real-world business development courses at the beginning, rather than at the end of the entrepreneurship programme.Notably, any type of entrepreneurship training should allow the enrollees to;

1.Witness the ups and downs of entrepreneurship, and think about a start-up's sweat equity

2.Gain insight into the value of leadership and yet struggle to find and grow their own style

3.Practice entrepreneurship and learn about the power of human agency through experience, but it is more art than science to effectively manage and use human resources

4.Know failure after making wrong decisions and enjoy small wins

5.Underestimate the role of trust and learn that the delegation between managers and employees is not an option

In addition to these five lessons, enrollees for any entrepreneurship training should also learn that the world's best opportunity is of little benefit without a strong team that can implement it.

Technique 2: Serious Simulations and Games implemented during entrepreneurship training

Playing or not playing in? This is indeed a subject this is increasingly relevant to educatorsof any entrepreneurship training programme. With more and more educators and corporate trainers looking for applications in both academic and professional environments, the impact of computer games and gaming on the growing generations is now palpable in an entrepreneurship training programme. Serious games are characterized in a wide variety, with most sharing two common grounding assumptions. First, there is an element of "playing" which is generally defined as having rules and a sense of "gameplay." Second, the expectation of fun. Playing, while introducing programme enrollees to real challenges in a virtual world, aligns their learningand participation. Today's entrepreneurship training games require 50–100 hours of training, which is equivalent to the amount of time that a student spends on a semi-long course.

Technique 3: Learning based on Design

Entrepreneurship is an academic discipline, but as if it were part of the natural sciences, we teach and study it. However, with little research done to determine the efficacy of entrepreneurship education, the influence of entrepreneurship research is not evident. Design is a divergence and convergence process that requires skills in observation, synthesis, seeking and creating alternatives, critical thinking, input, visual representation, imagination, problem-solving, and value creation. Teaching entrepreneurship through a design lens (a form of project-based learning) can help enrollees for entrepreneurship trainingprogramme recognize and act upon specific venture opportunities by using an evaluation, fieldwork and understanding value creation toolkit through multiple stakeholder groups. Identifying and exploiting opportunities is at the heart of entrepreneurship, yet most entrepreneurship trainingprogrammebelieve that the opportunity has been found.Most importantly, enrollees for entrepreneurship training programme should be equipped with tools not only to find opportunities but also to create opportunities.

Technique 4: Practice of reflection

Reflection is an important process which develops knowledge from experience. While reflecting, one considers an experience that has occurred and tries to understand or explain it, often leading to insight and insightful learning — or ideas to check on new experiences. For perplexing circumstances, working under conditions of high uncertainty, and problem-solving, practice of reflection is particularly significant. As a result, it should not be surprising that reflection is an integral component of education in entrepreneurship, and also a way to practice entrepreneurship.

Finally, every entrepreneurship training program needs to teach approaches that stand the test of dramatic changes in content and context in an ever-changing world. Maybe at the end of the day we are not teaching the discipline of entrepreneurship. Maybe we are teaching a method of handling the discipline. So next time when you plan an entrepreneurship training programme do refer this article!