Entrepreneurship in Contemporary Education: Time for Radical Shift

Abstract

There is rapid impetus given to "Industrialization" of most societies, in particular ours. These include new "soft" approaches by way of ICT and Service Industries. It is also a fact that Quantitative aspect of formal college education has exploded with over 400 universities and plans for quickly increasing it 10 fold. It is the output for these that are going to be the "Backbone" of future Knowledge Economy and more so a Knowledge Society. Unfortunately even Contemporary Education does not support Entrepreneurship culture among youth. The purpose of this paper is to explore hidden dimensions of these problems and advocate a Radical shift even in contemporary education to enable fostering of Entrepreneur Spirit in younger generation of students.