About 3 percent of American adults are currently under correctional supervision, and about 1/3 of Americans will be arrested before age 23. Both groups may have trouble finding legitimate employment and may therefore turn to crime to make a living. Entrepreneurship education offers a way out of this cycle: self-employed entrepreneurs can circumvent background checks, low wages, and discrimination.
Archive for the ‘Social Entrepreneurship’ Category
On January 31, Professor Arielle John will speak on “How culture influences entrepreneurial decision-making.” Professor John is a native of Trinidad and a Ph.D. candidate in economics from George Mason University. She currently teaches in the Department of Economics at Beloit College, Wisconsin.
Professor John’s talk will be held in Scarborough Hall, room 212, from 11 am-12:15 pm. All members of the campus community are welcome to attend.
Kaizen interviewee Steve Mariotti writes about his Network For Teaching Entrepreneurship’s programs in Europe. “Youth unemployment,” he says, “Is one of the biggest problems in the world. Its impact is particularly evident in Europe, where in November youth unemployment rates hit 23.7 percent in the European Union, and a whopping 57.6 percent in Greece and 56.5 percent in Spain. I believe youth entrepreneurship education can bring these horrible unemployment rates down.”
Global Entrepreneurship Week starts today and runs through November 18. So far, Dropifi (an app that helps ecommerce businesses to connect more effectively with customers) won the award for most innovative startup, and hundreds of new business were created. Many more events are coming up this week in over 130 countries.
Steve Mariotti, Kaizen interviewee and founder of the Network for Teaching Entrepreneurship (NFTE), looks back at 25 years of inspiring young people to become entrepreneurs. Congratulations to Mr. Mariotti and everyone at NFTE!
A new Sketchbook video illustrates the impact of Global Entrepreneurship Week, which features over 30,000 events worldwide from November 12 through 18.
At Entrepreneurship.org, Jonathan Ortmans explores the conditions that are making Africa a great climate for entrepreneurship, including the rise of local investors, mobile banking, and planned tech cities. Ortmans concludes: “The next chapter in Africa’s history will be largely written by its new generation rather than by foreign aid organizations. More importantly, I expect Africa to lead in fresh thinking about problems and in producing world-class innovations that will benefit us all.”
We congratulate Junior Achievement Argentina, founded by Kaizen interviewee Eduardo Marty, as it celebrates its 21st anniversary today!
Jeff Sandefer is a founder of the Acton School of Business, an innovative MBA program in Austin, Texas focusing on entrepreneurship. Sandefer received his MBA degree from Harvard University before launching five successful companies in several industries, most notably in energy. He translated that business experience into becoming an award-winning professor at the University of Texas, where he was named by BusinessWeek as one of the top entrepreneurship professors in the United States.
Kaizen: In 1996, you were teaching at the University of Texas and honored by BusinessWeek, yet soon you would be leaving to start a new business school with a very different approach. Why was BusinessWeek impressed with your teaching?
Sandefer: The BusinessWeek award was based on a survey of students, which I think is the best measure of a teacher, especially if there is a strong learning contract in place. After all, who other than students knows if a class has delivered on its promises? I believe that this is the same reason Acton wins so many honors from Princeton Review because unlike most business school polls it asks students: “Did you get what you were promised?” Of course, the BusinessWeek and Princeton Review awards really belong to all the Acton teachers, each a successful CEO who is committed to his or her students and the Socratic Method.
Our secret is that we set high expectations and hold students accountable to their promises. It helps that teachers are rewarded based on student satisfaction, after the students have been evaluated based on a forced grading curve. In other words, we have an incentive system that rewards performance, just like in the real world. No grade inflation, with rewards tied to results. It’s a system I wish more people in academia would adopt.