Dr Shai Vyakarnam, Director of the Centre for Entrepreneurial Learning (CfEL) at Judge Business School, University of Cambridge, is one of the co-authors of the World Economic Forum’s report, ‘Educating the Next Wave of Entrepreneurs’ which raises awareness of the importance of entrepreneurship education in meeting global challenges.
Cambridge’s Centre for Entrepreneurial Learning contributes to World Economic Forum report...
The World Economic Forum’s Global Education initiative (GEI) today launched its report ‘Educating the Next Wave of Entrepreneurs’ which raises awareness of the importance of entrepreneurship education in meeting the global challenges of the 21st century.
The report provides a landscape of global entrepreneurship education practices encompassing youth, higher education and social inclusion. It calls for education to be used as a catalyst for unlocking entrepreneurial capabilities in order to generate employment and also empower communities. At a time of great challenges for the world’s economies, it is perhaps apposite to focus on the opportunities for fuelling growth through entrepreneurship.
The report was developed by a core working group of authors in consultation with the World Economic Forum’s Entrepreneurship Education Technical Advisory Group. Dr Shai Vyakarnam, Director of the Centre for Entrepreneurial Learning (CfEL) at Judge Business School, University of Cambridge (pictured), is one of the co-authors of the report and specifically responsible for the social inclusion chapter. He was supported by Mr Arun Muthirulan, an entrepreneur and graduate of Judge Business School’s 2006 MBA programme, currently managing a number of programmes at CfEL.
One of the conclusions of the report is that interactive, practice-based training programmes can increase entrepreneurial human capital and redress imbalances in society by providing more people with access to markets, resources and opportunity.
Dr Vyakarnam commented: “We need a strong entrepreneurial system embedded in education which ensures practical learning programmes such as those developed by CfEL at Judge Business School, as well as the new Cambridge Advanced Diploma in Entrepreneurship, with a focus on unlocking potential, developing entrepreneurial behaviours and supporting the pursuit of business ventures. There is also a need to create a sustainable stakeholder community, i.e. supply of experts with the knowledge and experience, to facilitate the continuation of high quality entrepreneurship education.”
The main recommendations of the report were to transform educational systems; build entrepreneurial ecosystems; strive for effective outcomes and measure the impact of entrepreneurship education; and to leverage technology as a tool and delivery method for education. Further discussions will take place at the Forum’s 2009 regional summits in Latin America, the Middle East, Africa and India. To view a full copy of the report, published by the World Economic Forum, please visit http://www.weforum.org/en/index.htm.
Notes for Editors
- About WEF:
The World Economic Forum is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas. Incorporated as a foundation in 1971, and based in Geneva, Switzerland, the World Economic Forum is impartial and not-for profit; it is tied to no political, partisan or national interests.
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About the WEF report:
The report was produced by the GEI and the following authors: Steve Mariotti and Daniel Rabuzzi from the National Foundation for Teaching Entrepreneurship (chapter on Youth), Christine Volkmann from the Bergische Universität Wuppertal (chapter on Higher Education), Shailendra Vyakarnam from the Centre for Entrepreneurial Learning, University of Cambridge (chapter on Social Inclusion) and Karen E. Wilson from GV Partners (executive summary, recommendations, Steering Board case studies and consolidation of the full report).The report is sponsored by AMD, Cisco, Goldman Sachs, Intel and Microsoft Corporation.
- About Judge Business School:
Judge Business School is internationally recognised as one of the leading providers of innovative, intellectually challenging and practical business management education across a portfolio of undergraduate, graduate and executive programmes. As a fully integrated department of a world renowned university, Judge Business School hosts one of the largest concentrations of interdisciplinary business and management research activity in Europe.
Built on an ethos of collaboration, the School is a unique place where policy makers, regulators, industry leaders, not for profit organisations, entrepreneurs and academics can meet, interact and share ideas. Judge Business School delivers business education for the 21st networked economy, fostering collaborative leadership skills, developing communities of partners to meet the challenges of the new global business landscape.
Ranked 17th in the 2009 FT Global Rankings of business schools, 7th in the 2008 Economist Intelligence Unit Global MBA Rankings, and 3rd in the 2007 biennial Forbes Global Rankings for one year MBA programmes, the Cambridge MBA sits alongside the very best in the world.
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Centre for Entrepreneurial Learning
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The Entrepreneurship Centre at Cambridge Judge Business School aims to inspire, enable and research entrepreneurship.