Academy of Strategic Management Journal (Print ISSN: 1544-1458; Online ISSN: 1939-6104)


Conceptualization of Entrepreneurship Education for Future Workforce in Developing Countries in the 21st Century

Author(s): Yusuff Jelili Amuda

The discourse on entrepreneurship has been growing in both developed and developing countries but less focus is given to its importance as a response to the changing face of the future workforce in developing countries. The primary objective of this paper therefore is to practically explore entrepreneurship education in preparing the youths for future workforce in the 21st century. The methodology of the paper is content analysis of secondary data considering systematic literature review (SLR) which was extensively explored. Majorly, three theories of entrepreneurship were used namely: Neo-Classical, Innovative and Alert theories are contextualized in connection with entrepreneurship education for future workforce. The findings indicate that, the triadic theories showed that, level of labour, hard work, knowledge, innovation and market factors are essential for entrepreneurship education in fulfilling the needs of future workforce in developing countries. The paper also lucidly explains that the future workforce requires high levels of competence especially in decision making and team working in order to fit into the labour market of the 21st Century. Hence, it is reiterated that institutions of higher learning need to prepare students for the challenge of the workforce by preparing them with entrepreneurial skills that will make the adequately function well in the work place in the future. In conclusion, the significance of entrepreneurship education as an important element for propelling entrepreneurial activities in particular and overall socio-economic development cannot be underestimated. It is thereby suggested that, various entrepreneurship centres should be established in institutions of higher learning where creative and innovative ideas of entrepreneurship would be cultivated in youth in order to prepare them for the future of workforce in developing economies.

Get the App