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Turku University of Applied Sciences Case Study

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Updated: Jun 9th, 2020

Introduction

The case study provides a comprehensive analysis of the benefits of entrepreneurial education. It examines how entrepreneurial studies have been structured and incorporated in Turku University of Applied Sciences with a view of providing recommendations for innovative education in institutions of higher learning.

Review of the Research

The aim of the research was to examine the actions taken by the Faculty of Telecommunication and e-Business in the Turku University of Applied Sciences to inspire students to entrepreneurship. The research focused on acquiring information and data on the integration of entrepreneurship studies into the institution. It also provides descriptive information on the importance of entrepreneurship education in the institution. Finally, it provides an insight into the role of entrepreneurial studies in developing proficient capitalists.

Review of the Case Study

Entrepreneurship Education Recommendations for Higher Education

The case study highlights the measures that have been put forward by the Ministry of Education of Finland for promoting entrepreneurial studies in institutions of higher learning. The ministry suggests the measures aimed at producing graduates with proficient entrepreneurial skills. These measures comprise teaching strategies that are aimed at promoting entrepreneurial education. These measures also aim at ensuring the best methods for teaching, inspiring, and instilling entrepreneurial skills in scholars.

Entrepreneurship Education in the Turku University of Applied Sciences

The study focuses on the faculty of Telecommunication and e-Business that have incorporated seven different degree programs into the university curriculum. The programs include Masters of Engineering, Bachelors of Engineering, and Bachelors of Business Administration (MBA). The Turku University of Applied Sciences has structured programs that offer entrepreneurial studies in the Faculty of Telecommunication and e-Business. Entrepreneurship is taught through well-established support programs such as student co-operatives, education support center, personal mentors, and learning competitions.

Importance of Entrepreneurship

Entrepreneurship creates Job Opportunities

Entrepreneurs are individuals who have the relevant skills to start and operate a successful business enterprise. This situation creates new job opportunities. One of the most significant benefits that are highlighted in the case study is self-employment. Both the Ministry of Education and the Turku University of Applied Sciences cited this reason in their recommendations for improvising the delivery of entrepreneurial education in institutions of higher learning.

Entrepreneurship promotes Economic Growth

Entrepreneurship leads to establishment of new businesses that open fresh opportunities for relevant candidates. Furthermore, persons who gain entrepreneurship knowledge from the university can devise new ways of manufacturing products or offering services. This set of circumstances strengthens the economy of a nation.

Other benefits that come with efficient entrepreneurial education include provision of strength to small businesses. Entrepreneurs invest in community projects and provide financial support to local charities. They can also venture into small businesses that they can manage efficiently.

Intention and Innovation

The case study examines the benefits of entrepreneurship at individual, business, and national levels. The first step to a successful entrepreneur is the intention to become one. In this context, intention requires proficient skills and knowledge in the field of free enterprise. The second step is invention of a unique idea that can be based on either a product or service. This phase involves the development of a product or service idea. Innovation is paramount to designing, development, and production of the prospective good. However, the entrepreneur should aim at better methods of production with an aim of delivering a competitive item in the probable markets.

Growth entrepreneurship is the subsequent stage after innovation. This stage requires venturing into the field of private enterprise whilst focusing on the growth of the initiative, opportunity identification, risk-taking, strategy making, and leadership among other factors that promote financial and business expansion. After developing a marketable product or service, there is a need to seek a feasible market that will motivate the person towards entrepreneurship. The final stage to entrepreneurship is evaluating the market. This stage involves carrying out market research. The above stages of intention, innovation, and growth of entrepreneurship have been suggested as the typical phases of becoming a successful businessperson. They guide the promotion of entrepreneurship studies in Finland’s institutions of higher learning.

An expert entrepreneur is one who realizes the goals of planned interventions in defined business processes that pass through the three stages. Prior to the entrepreneurship intention, an individual must have undergone training in relevant studies. To inspire many graduates to entrepreneurship, the Finland’s Ministry of Education has suggested several policies for higher education institutions. These skills are aimed at promoting and equipping graduates with entrepreneurial skills. In this manner, they will have several career options upon completion of their university education. This situation will benefit graduates who will opt to become entrepreneurs. The strategy does not only cover business and economic programs but also other disciplines such as engineering.

Conclusion

Entrepreneurship plays a pivotal role in building the economy by creating job opportunities and revenue. To encourage many people to embrace entrepreneurship, there is a need to offer the relevant skills in institutions of higher learning. The case study provides an analysis the benefits of entrepreneurial education and the appropriate strategies for offering innovative education with a view of developing national and global economies in the near future.

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IvyPanda. (2020, June 9). Turku University of Applied Sciences. https://ivypanda.com/essays/turku-university-of-applied-sciences/

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IvyPanda. "Turku University of Applied Sciences." June 9, 2020. https://ivypanda.com/essays/turku-university-of-applied-sciences/.

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IvyPanda. 2020. "Turku University of Applied Sciences." June 9, 2020. https://ivypanda.com/essays/turku-university-of-applied-sciences/.

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IvyPanda. (2020) 'Turku University of Applied Sciences'. 9 June.

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