Developing Students’ Entrepreneurial Mindset

Abstract

Entrepreneurial activity is a major factor in fostering economic growth and the advancement of our society. Hence, entrepreneurship education may play a crucial role in helping higher education institutions pursue their global mission to educate individuals who can contribute to prosperity and act as responsible citizens ultimately. Lecturers can participate in this transformative process by disrupting the traditional approach to entrepreneurship education and incorporating a teaching model that prioritises the acquisition of learnable competences and skills. This study focuses on developing an entrepreneurial way of thinking as the main pathway to stimulate business creation intention. We explore attributes associated with the entrepreneurial mindset such as creativity, initiative, flexibility and adaptability, empathy, resilience, comfort with risk, self-sufficiency, and the ability to learn from failure, and emphasise the importance of being prepared to face a dynamic and changing world.