Table 3

Actionable measures for policymakers and educators

ChallengesImplications for policymakersImplications for educators
Enhancement of a country's entrepreneurial culture
Improvement in the perception of entrepreneurship, greater tolerance of failed entrepreneurs and a reduction in entrepreneurial failure reservations to encourage individuals to engage in entrepreneurship
  1. Roll out nationwide and regional entrepreneurship support policies (e.g. entrepreneurship-friendly bankruptcy laws, facilitated administrative processes)

  2. Foster entrepreneurship support services (e.g. government provision of information, incubators, training and funding)

  3. Promote entrepreneurship initiatives (e.g. Entrepreneurship Weeks) and competitions (e.g. founder prizes)

  4. Promote media stories about (failed) entrepreneurs (e.g. TV formats like Dragon's Den)

  5. Support entrepreneurship events (e.g. FuckUp Nights)

  1. Transfer of entrepreneurship education to the general public, e.g. by educators talking about entrepreneurship in the media, entrepreneurship workshops (e.g. self-initiative training) open to the public, events in the sense of Ted Talks on entrepreneurship

  2. Promote the creation of entrepreneurial universities

Educate the true nature of entrepreneurship
Individuals need to understand entrepreneurship as a process that requires entrepreneurs to assume risk and that carries the possibility of failure
  1. Include entrepreneurship education in the curriculum of schools and universities

  2. Strengthen entrepreneurship education in schools and universities (e.g. JUNIOR programme)

  3. Support selected entrepreneurship initiatives at schools (e.g. student-run companies) and universities (e.g. business simulations)

  1. Introduce entrepreneurship courses and business simulation games into classes

  2. Support the creation of student-run companies

  3. Present realistic and diverse entrepreneurial role models in class

  4. Foster/teach different forms of entrepreneurship following from entrepreneurial culture such as sustainable or social entrepreneurship

or Create an Account

Close subscription notice
Close access options