Fostering entrepreneurship amount students in h education-k govender

1

Fostering Entrepreneurship

2


Prepared for the EDC 2008By: Kruschen Govender

Fostering Entrepreneurship among Students in Higher Education

3


1. Definition of the Junior Enterprise (JE) Concept

ContentsContents

2. History of the Junior Enterprise Movement

3. Applying the JE-concept in a Developing Economy

4. Conceptualizing a Pilot South African JE Project

Cultivating Young Entrepreneurs in South Africa

4


Bridging the gap between theory & practice

A Junior Enterprise is:A Junior Enterprise is:

… a non-profit organization… a non-profit organization11

… offering consulting services… offering consulting services22

… entirely student managed… entirely student managed33

… developing entrepreneurs… developing entrepreneurs44

World of Work Public &

Private Sector

World of Work Public &

Private Sector

Higher Education

Higher Education

… with social responsibility… with social responsibility55

1. Definition of the Junior Enterprise Concept

5


The JE Movement started in 1967 by French business students who saw the need to enhance their education

by gaining practical work experienceThe Junior Enterprise (JE) concept

Entirely student-managed non-profit organizations

Conducting projects to bridge the gap between theory & practice

Best practice in the field of entrepreneurship education (European Commission)

JE Confederations

JADE

European Confederation of Junior Enterprises, founded in 1992. Today there are more than 22 000 students (in 13 European countries) generating over €12 million in annual turnover.

BRASILJUNIOR

Founded in 1988, through the involvement of students with the Brazil-France Chamber of Commerce. 700 Junior Enterprises all over Brazil. The largest student network in Brazil – over 20 000 students.

BDSU

German Association of Junior Enterprises was founded in 1992 and today connects more than 1800 studentsand 28 JEs throughout Germany.

2. History of the Junior Enterprise Movement

6


Why is the Junior Enterprise concept so successful?

Junior Enterprises work in the three most important fields according to the MIT learning pyramid.

Lecture

Reading

Audio-Visual

Demonstration 30%

20%

10%

5%

Discussion

Practice

Teaching others

50%

75%

90%Source: MIT learning pyramid

JE activitiesJE activities

Average retention rate:

2.1 Experiential Learning

7


2.2 CCT e.V. – Leading German Junior Enterprise

In the last 14 years students from Berlin universities have executed consulting projects for over 200 local companies and

international groups

Company Consulting Team e.V. (http://www.cct-ev.de/)

+Benefits for Clients:

Strategic research and analysis

Critical & creative thinking

Low costs

Contact to potential employees

Benefits for Students:

Practical experience

Entrepreneurship training &

project management experience

Enhancing knowledge & soft

skills through projects &

workshopsCCT e.V. Client List:

8


21% of our alumni are entrepreneurs, three times more than the EU average

Employee

Immediately self-employed

First employee,then self-employed

21%

European average is 7%

2.3 European Confederation of JEs (JADE) Statistics 2006 (www.jadenet.org)

Source: JADE Alumni Career Survey, Arthur D. Little

9


On average JE alumni start their own businesses at a younger age

16.7%

8.3%

16.7%

25.0%

16.7%

8.3% 8.3%

0%

5%

10%

15%

20%

25%

30%

25 26 27 28 29 32 36 Age

JADE average: 28 years old European average: 35 years old

2.4 European Confederation of JEs (JADE) Statistics 2006 (www.jadenet.org)

10


Project: creating a “Small

Enterprise Resource Planning

(SERP)” strategy

Developing a software management

system & training program for

owners & employees to enhance

their ICT skills capacity

Sponsorship from a large Brazilian

software company

Case Study – Faculdade Sumaré

Empresa Júnior

(Sao Paulo, Brazil)

Researched the variety of

services that could be improved

upon in order to support micro-

enterprises

Lack of technological &

managerial support for small

businesses in Brazil

3. Example of a Brazilian Junior Enterprise Engaged in Development

““Students partnering with big technology to aidthe growth of small businesses” (Sao Paulo, Brasil)

11



Creating Employment

Alternative in Consulting

Skills Development

Practical Work Experience

Creating Knowledge Networks

Potential Impact of JEs in DevelopingEconomies

3.1 Benefits of Applying the JE-concept in a Developing Economy

12


Inputs for a Pilot South African JE Project:

4. Conceptualizing a Pilot South African JE Project

Motivated students

Infrastructure & intellectual support from the university

JE incubated within a graduate school

Support from public & private sector organizations

Seed funding

Cultivating skilled, young & opportunity-orientatedentrepreneurs in South Africa

13


Contact Details:

Mr. Kruschen Govender Master in Development Studies School of Development Studies, University of KwaZulu-NatalTel: +27 79 908 0426 Email: [email protected]

Useful Websites:http://www.jadenet.org/http://www.jewc08.com/news.php