Entrepreneurship is the process of designing, launching and running a new business, which is

often initially a small business. The people who create these businesses are
called entrepreneurs.
Synonyms of RELEVANCE - KAUGNAYAN
applicability, bearing, connection, materiality, pertinence, relevancy

A. THE IMPORTANCE OF ENTREPRENEURSHIP IN SCHOOL CURRICULUM

While the society all around is developing with technology and innovations, the K-12 schools have been in a stagnant
scenario. Education is the driving force behind every country’s economy, directly or indirectly. Sure, many schools have
adapted to modernization, and have started making students work in groups to solve problems, learn online and
integrate science with arts. But it is noticed even then, students that are graduating lack the advanced skills and
innovative thinking to work through the modern day challenges in the workplace. Thus, entrepreneurship, the capacity
to not only start companies, but also to think creatively and ambitiously, is very important to be included in school
curriculum.
Entrepreneurship education aids students from all socioeconomic backgrounds to think outside the box and nurture
unconventional talents and skills. It creates opportunities, ensures social justice, instills confidence and stimulates the
economy. Entrepreneurship education is a lifelong learning process, starting as early as elementary school and
progressing through all levels of education, including adult education.
Introducing young kids to entrepreneurship develops their initiative and helps them to be more creative and self-
confident in whatever they undertake and to act in a socially responsible way. There are many ways entrepreneurship
lessons can be integrated in the school curriculum.
Learning a Business
Students can practice writing, interview questions and conduct interviews with entrepreneurs. The information can then
be compiled into a directory of the types of goods and services, locations, and hours of the businesses. Students can
then discuss the location, advertisement and the products involved in the business.
Language arts
Students can be challenged to come up with business ideas or products, that they think others would be interested to
buy. Students can then debate on the potential audience for the product and how they can make modifications to it,
which will be more alluring to their audience. Students can also deliberate on with what and whom this product will be
competing with.
Thinking skills
Teach students to think on, what’s positive or strong about their work and let them ponder on their weaknesses to find
the changes needed to make their product more interesting. Let students to understand, passion and satisfaction to
come up with their own original ideas to persevere in the project with what limited resources they have.
Imagining
Creativity dwells within imagination. Pass around common objects to students and make them imagine that object in a
different outlook, it will help students to see the same object through a different perspective. It will make students to
see possibilities in a common object in a new way.
Research skills
Have students to look through the yellow pages to spot businesses and interesting names, and then categorise these
results in superlative forms of adjectives, foreign words, what the business produce or sells, geographic locations and
their functions.
Teaching entrepreneurship skills through school is a process, and it is highly recommended that students be left free
to find their calling through it. Teachers should also be provided guidelines to manage students and help them to foster
a pleasant environment for students to grow.
B

CORE COMPETENCY IN ENTREPRENEURSHIP

Three Competencies Every Entrepreneurship Should Develop

Key Concept
Is there such a thing as a ‘natural-born entrepreneur’? According to this Idea there is not. Specific techniques and habits must
be practiced and developed by all would-be entrepreneurs. And as well as business competencies, entrepreneurs need
interpersonal and self-leadership skills too; however, these are often overlooked. Read on for advice on how to build and put
these skills into practice.

Idea Summary
Are entrepreneurs born or made? Commonly, characteristics such as risk seeking, assertiveness and vision are considered
typical of a successful entrepreneur. But these are innate predispositions or aspects of temperament; by using them as
yardstick, it is wrongly concluded that only certain types of people make good entrepreneurs or are capable of worthwhile
innovations. Instead, this Idea proposes that ‘entrepreneurial behaviour’ can be learned and developed.
The question is not who entrepreneurs are, but what they do, and more important than business skills can be other
competencies that provide a foundation for those business skills.
The research behind this Idea is based on empirical studies of hundreds of entrepreneurs, which revealed that entrepreneurial
behaviour is the result of a combination of: strong motivation to achieve something; and the capabilities to achieve it.

Furthermore, there are three levels of competencies, which all entrepreneurs need:
Personal competencies: creativity, determination, integrity, tenacity, emotional balance and self-criticism.
Interpersonal competencies: communication, engagement/charisma, delegation, respect.
Business competencies: business vision, resource management, networking, negotiating skills.
Previous research has also highlighted other competencies that make up the ‘ingredients’ of a successful entrepreneur,
including initiative, ambition and even luck.

Business Application
Though the key take away from this Idea is that entrepreneurship can be learnt by anyone, it’s not something that can simply
learn in a classroom. Even once key business knowledge has been acquired, the entrepreneur still has to learn how to use it
in practice - something that can only be done through practice. In this respect, ‘leaning by doing’ is useful.
Other tips include the following:
Have a clear understanding of industry evolution, knowledge of the effects of globalization, techniques for developing markets,
etc. Some training in an academic environment (e.g. business schools) may help with this, particularly where case
methods/working groups are used to teach.
Practice developing your interpersonal competencies. Certain skills, such as communication, delegating and respecting others
can only be acquired through practice and developing ‘habits of character’.
Habits of character may not strictly be related to business but are to do with the kind of person the entrepreneur is and what
he/she does. These are indispensable, alongside ‘technical habits’ and ‘skills’.
The only way to acquire the habits essential for entrepreneurs is by acting in a way consistent with them. Only then do these
habits become the ‘driving force’ of successful entrepreneurial ventures.