Academic journal article International Journal of Communication Research

Entrepreneurship Education in Romania in Comparison to the European Union

Academic journal article International Journal of Communication Research

Entrepreneurship Education in Romania in Comparison to the European Union

Article excerpt

1. INTRODUCTION

The investments in the entrepreneurship education have one of the largest levels of return on investment that can be recorded in Europe which is why a number of Member States have implemented national strategies for entrepreneurship education.

In Europe, the entrepreneurship education was adopted much later than in the US and the first attempt of this kind was reported in 1970. For example, in the UK, the first meeting of the UK Small Business Management Education Association was held in 1975 and reunited a group of academics interested in boosting small businesses. The first course on creating a business has occurred in France in 1978 within the "Hautes Etudes Commerciales schools"(Tobosaru, 2014).

Today, entrepreneurship is a key competence within the European framework, but also an action in the recent communication of the Commission on Rethinking Education. The role of entrepreneurship as a tool to increase the chances of getting a job is also highlighted in the Annual Growth Survey on 2013. A number of Member States have successfully introduced national strategies for the entrepreneurial education or have imposed the compulsoriness of entrepreneurial education as part of the curriculum (Tobosaru, 2014).

However, turning the European society into one of the most dynamic in the world is a difficult thing to achieve in terms of entrepreneurial education. It is necessary to transform the entire educational system - from the primary education to the upper education (Comisia Europeana, 2013) (the case of Finland), the results being visible in the long term.

In this regard, the main challenge for educational institutions is to develop the entrepreneurial capacity of the youth, because the creation of new enterprises provides new opportunities for professional insertion of students and graduates, which is a major challenge to achieve them professionally.

2. LITERATURE REVIEW

Researchers in entrepreneurial economy (Drucker, 1993), (Fayolle, 2003), (Watson, 1998), (Timmons, 1999) have shown through numerous studies that entrepreneurship, a successful component in sustainable development, is a multidimensional phenomenon, positively impacting on economic growth and the entrepreneurship education is part of the quadrangle of success of a knowledge-based society.

The entrepreneurial education starts early and has been the subject of numerous studies and research. In the work Impact of Entrepreneurship Education, A competitive study of the U.S.A. and South Korea (Sang et. al, 2005) the authors conducted a study on the impact of entrepreneurship education in the US and Korea and found that "while entrepreneurship is becoming increasingly prevalent worldwide, the entrepreneurship education varies depending on the cultural context".

K. Watson (Watson et. al, 1998) in the work Small Business start-ups: Success factors and support implication reveals that an entrepreneur education differs from a simple employee training, highlighting the key role that education and research have on the final results.

Timmons Jeffry A (Timmons J. A., 1999), in the work New Venture Creation: Entrepreneurial for 21st Century (5th ed.) shows that entrepreneurship education has exploited the competitive advantages of SMEs by creating innovative products and services.

In the research conducted by J. Veciana (Veciana et al., 2005) University Students Attitudes Towards Entrepreneurship: A Two Countries Comparison, on a sample of 837 students from Catalonia and 435 students from Puerto Rico and which aims at assessing and comparing the attitudes of students towards entrepreneurship, it clearly shows that the entrepreneurship education is a determining factor for the students who decide to have an entrepreneurial career.

Numerous works point out about the important role of entrepreneurship education in schools and universities. In the study "Students' entrepreneurial competencies and orientation. …

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