Entrepreneurship and education

To survive in an increasingly competitive global business environment, the need to be creative and rapid in coming up with new ideas and inventions has now become a necessity. The role entrepreneurs can play in a country's economy has been widely recognised. Indeed,...

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Bibliographic Details
Main Authors: Palanivelu Panchatcharam, S. Sunil K. Sivaraman, Yap, Chai Muay
Other Authors: Lee Boon Keng
Format: Final Year Project (FYP)
Language:English
Published: 2015
Subjects:
Online Access:http://hdl.handle.net/10356/63528
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author Palanivelu Panchatcharam
S. Sunil K. Sivaraman
Yap, Chai Muay
author2 Lee Boon Keng
author_facet Lee Boon Keng
Palanivelu Panchatcharam
S. Sunil K. Sivaraman
Yap, Chai Muay
author_sort Palanivelu Panchatcharam
collection NTU
description To survive in an increasingly competitive global business environment, the need to be creative and rapid in coming up with new ideas and inventions has now become a necessity. The role entrepreneurs can play in a country's economy has been widely recognised. Indeed, the most plausible answer to why some economies progress much faster than others is found in human attributes to risk-taking and money making. The importance of entrepreneurship does not lie solely in its job creating potential, but also in the ability of entrepreneurs to bring about innovation, capture new markets and increase productivity, thus maintaining a competitive edge. In general, entrepreneurs are able to identify profitable opportunities and channel capital and related resources to exploit them. With entrepreneurship being recognised as a wealth creation and a value-adding process [Kao 1993], educational investment in the relevant field is therefore seen as a vehicle for development and prosperity. The main focus of this research study is to discuss the effect of education and its associated human capital development on entrepreneurship and economic growth. A case study is done on Singapore to identify and establish a relationship between entrepreneurs and their education levels. The Singapore's education system has often been criticized to be the cause of many problems inhibiting entrepreneurship. Many lament that high levels in education has stifled the growth of the entrepreneurial spirit here. Given the current emphasis and concern shown by the government of Singapore in the area of entrepreneurship, we hope that a study into the relationship may help the government and the relevant committees in structuring an unambiguous policy prescription pertaining to the promotion of entrepreneurship in the country.
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spelling ntu-10356/635282023-05-19T06:09:00Z Entrepreneurship and education Palanivelu Panchatcharam S. Sunil K. Sivaraman Yap, Chai Muay Lee Boon Keng Nanyang Business School DRNTU::Business::General::Economic and business aspects To survive in an increasingly competitive global business environment, the need to be creative and rapid in coming up with new ideas and inventions has now become a necessity. The role entrepreneurs can play in a country's economy has been widely recognised. Indeed, the most plausible answer to why some economies progress much faster than others is found in human attributes to risk-taking and money making. The importance of entrepreneurship does not lie solely in its job creating potential, but also in the ability of entrepreneurs to bring about innovation, capture new markets and increase productivity, thus maintaining a competitive edge. In general, entrepreneurs are able to identify profitable opportunities and channel capital and related resources to exploit them. With entrepreneurship being recognised as a wealth creation and a value-adding process [Kao 1993], educational investment in the relevant field is therefore seen as a vehicle for development and prosperity. The main focus of this research study is to discuss the effect of education and its associated human capital development on entrepreneurship and economic growth. A case study is done on Singapore to identify and establish a relationship between entrepreneurs and their education levels. The Singapore's education system has often been criticized to be the cause of many problems inhibiting entrepreneurship. Many lament that high levels in education has stifled the growth of the entrepreneurial spirit here. Given the current emphasis and concern shown by the government of Singapore in the area of entrepreneurship, we hope that a study into the relationship may help the government and the relevant committees in structuring an unambiguous policy prescription pertaining to the promotion of entrepreneurship in the country. BUSINESS 2015-05-14T08:07:47Z 2015-05-14T08:07:47Z 1994 1994 Final Year Project (FYP) http://hdl.handle.net/10356/63528 en Nanyang Technological University 84 p. application/pdf
spellingShingle DRNTU::Business::General::Economic and business aspects
Palanivelu Panchatcharam
S. Sunil K. Sivaraman
Yap, Chai Muay
Entrepreneurship and education
title Entrepreneurship and education
title_full Entrepreneurship and education
title_fullStr Entrepreneurship and education
title_full_unstemmed Entrepreneurship and education
title_short Entrepreneurship and education
title_sort entrepreneurship and education
topic DRNTU::Business::General::Economic and business aspects
url http://hdl.handle.net/10356/63528
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