OPINION
Talib S. Karim
Developing an entrepreneurial vision for Pakistan Universities need to step-up and give their students an entrepreneurial culture they can thrive in
First, faculty can connect with experts to discuss new advancements in particular fields. Second, students can acquire in-depth knowledge pertaining to their field of study. Experts can also guide students for their Capstone Projects
In a broader context, entrepreneurship provides a basic structure to resolve impending challenges of society and the economy. Pakistan can move towards an entrepreneurial-fonnovation and creative thinking are the two pillars on cused economy, but a mindset and an ecosystem are required. which the ability to conceive new ideas and solve problems The mindset for entrepreneurship could be developed when stands. Entrepreneurs are the business leaders who develop the students are connected to experts in the fields they are a business model and earn revenue by offering a product or interested in. Learning and watching first hand successful service. Their business generates employment opportunities entrepreneurial ventures is not just an enriching experience, that strengthen the socio-economic fabric. And given how but also encourages the development of the entrepreneurial entrepreneurial our world is becoming, it would not be a stretch to spirit in these students. Such specialists guide students on say that the age of business management may be coming to an end, how to tread when working on their start-ups. An ecosystem and that the age of entrepreneurship is upon us and has room to is created when multiple start-up ventures operate, compete, thrive by those aspiring to launch their businesses. and collaborate to develop the industry. Students use digital media, especially social media, to connect A business school needs to promote a culture of with customers and stakeholders, market their ventures and launch innovation. It identifies students aiming to launch a starttheir start-ups. Business schools across Pakistan have been offering up venture and induct them into their incubation center for undergraduate degree programs in entrepreneurship that students mentorship. The practical guidance can come from the faculty opt-for with enthusiasm. of the institute and industry experts. An effective linkage between the faculty and industry can streamline the exchange of information. This academia-industry relationship can serve multiple objectives. This academia-industry linkage is a major buzzword in business education and this is for a reason. First, faculty can connect with experts to discuss new advancements in particular Talib S. Karim fields. Second, students can acquire in-depth knowledge pertaining to their field of study. is the President of the Experts can also guide students for their Capstone Projects. These Projects are multidimensional assignments that formally end the students' academic journey but add value to Institute of Business their intellect and industry-centric acumen. Experiential learning, therefore, is the foundaManagement (IoBM) tion on which the various graduate and undergraduate programs are developed. Business schools facilitate students to acclimate to the concepts and principles they learn in class and implement them once they step into the industry. Undergraduate degree programs
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