Does it seem strange to suggest that business schools struggle to teach entrepreneurship? Many business schools today have entrepreneurship programs that are growing every year. So how can I claim that business schools struggle to teach entrepreneurship? Take a peek back at history and you will see why I can make this claim and what it means for how we teach entrepreneurship.
Do You Know Where Business Schools Come From?
Just for fun, ask yourself, when were the first large businesses formed? When was the first business school founded? Why was it founded? Although it may seem strange today, the world economy was not always dominated by large corporations. In fact, large corporations didn’t even exist until the 1600s when the East India Trading company was chartered. Other than this large firm, the rest of the economy was composed mostly of small, local businesses (usually no larger than thirty employees at most). Then the industrial revolution came along in the 1700s and the introduction of technology fundamentally transformed the world economy, replacing the many small businesses with large firms that produced anything from textiles to autos. This new form of business required many things but in particular they demanded a new type of person: the manager. And they demanded these “managers” in droves; so many in fact that by 1850 the president of Harvard University observed that over half of their graduates were going into business.
To read the full, original article click on this link: Why Business Schools Struggle to Teach Entrepreneurship - Nathan Furr - The New Entrepreneur - Forbes
Author: Nathan Furr
