European Council for Small Business and Entrepreneurship Engaged entrepreneurship research in Europe
PDW: Entrepreneurship The Good, The Bad and The Ugly on 10 February
Innovative Teaching and Research Methodology for Experiential and Vicarious Learning about the Positive and Negative sides of Entrepreneurship
Dr. JuanFra Alvarado Valenzuela – Senior Researcher at the Entrepreneurship Unit of the Centre of Economic Transformation, Amsterdam University of Applied Sciences
Dr. Natalia Blagburn – Senior Lecturer at the Department of Entrepreneurship, Innovation and Strategy, Faculty of Business and Law in Northumbria University /
Dr. Jeanne Martens – Senior Researcher at the Entrepreneurship Unit of the Centre of Economic Transformation, Amsterdam University of Applied Sciences
Key Points – Summary
This Professional Development Workshop (PDW) contributes to share educational practices that are relevant for the professional development of (prospective) entrepreneurs, with particular attention to university students. We aim to move beyond the traditional focus on starting, growing and success, by incorporating strategies for dealing with and becoming resilient in the face of business adversity and failure. Specifically in this workshop, we use our own learning modules from business failure and closure as a starting point to expand into lessons and discussions that are important for a) educators in other contexts, and, b) advisors for entrepreneurs.
Date: The session will take place on 10th February, 2021 at 15h CET via ZoomRegistration by 9 February 3 pm CET: please use this link: https://www.eventbrite.fi/e/virtual-pdw-the-good-the-bad-and-the-ugly-tickets-133212266475Target audience
Entrepreneurship educators , especially those on applied entrepreneurship or involved with experiential programs where students create and run businesses.
Entrepreneurship researchers, interested in designing research projects incorporating modules where students are also researchers.
Business and startup advisors, looking to include innovative ways and vicarious learning in support packages for entrepreneurs.
Introduction and interactive opening (through Mentimeter) Topic: Learning from business crisis
Short presentation of invited expert Followed by a interactive discussion
Introduction to methodology Fenix Project – Dr. JuanFra Alvarado Valenzuela Teaching closure and failure – Dr. Natalia Blagburn Context of the Netherlands: Amsterdam Ecosystem – Dr. Jeanne Martens
Brainstorming (through Mentimeter) What is needed to promote ‘business adaptability and resilience’ when looking at business failure and closure in your own context (country or city / university)?
Closing remarks & Take away: how to teach business failure and closure in the future?
Entrepreneurship education (EE) has become an increasingly prevalent global phenomenon across higher education institutions (HEIs). Its association with economic growth, changes in the labor market and the increased (sometimes rock-star-like) popularity of contemporary entrepreneurs has contributed to the rapid growth in supply of and demand for EE in HEIs. There is a scant examples from current EE practice to include business failure and closure in the curriculum and, more importantly, to find a balance for students and entrepreneurs to deal with adversity and failure while still increase their (future) entrepreneurial intentions (Ng & Jenkins, 2018; Wennberg, Pathak, & Autio, 2013).
From the experiences of the organizers, students and entrepreneurs who do not address the issue of failure are prevented from developing a realistic and balanced perspective of entrepreneurship. We have developed modules where students are encouraged to understand the prevalence of failure, to find tips to mitigate the ensuing consequences, and to include lessons of prevention in plans for their entrepreneurial.
Even more important in current times, learning how to prepare for and deal with adversity and failure can help to reduce psychological, social and economic losses, and enable entrepreneurs to recover faster and re-embark on their entrepreneurial path (Shepherd, 2004).
Ng, L., & Jenkins, A. S. (2018). Motivated but not starting: how fear of failure impacts entrepreneurial intentions. Small Enterprise Research, 25(2), 152-167.
Shepherd, D. A. (2004). Educating entrepreneurship students about emotion and learning from failure. Academy of Management Learning & Education, 3(3), 274-287.
Wennberg, K., Pathak, S., & Autio, E. (2013). How culture moulds the effects of self-efficacy and fear of failure on entrepreneurship. Entrepreneurship & Regional Development, 25(9-10), 756-780