The Economic and Social Value of Fostering Entrepreneurship Education

Nur Hazelen Mat Rusok, Naresh Kumar and Khamisah Abd Manaf

International Journal of Asian Social Science, 2017, vol. 7, issue 9, 783-799

Abstract: Students and alumni reported a weak desire for a transition towards entrepreneurship despite endless support from the government and the higher education institution (HEI). Indeed alumni and students prefer more security and stability in working life. The survey results show that it is easier for graduates to find employment immediately after their graduation. Besides, it turns out that alumni have opportunities to display their creativity and to come up with new ideas in their current job. Similarly, the students reported that they are able to display creativity in whatever activities they are involved. The impact of entrepreneurship education on society and economy were average. The study implies that HEIs should focus in developing greater levels of innovative entrepreneurial activity to support students in identifying viable entrepreneurial opportunities and new venture creation. Continuous assessment is vital to realign the entrepreneurship education and become the agent of industrial innovation, technological development, economic development and social development especially in the context of growing knowledge-based economy.

Keywords: Entrepreneurship education; Competencies; Employability; Society; Economy; Higher education institutions; Malaysia. (search for similar items in EconPapers)
Date: 2017
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