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Can Entrepreneurship Be Taught?
You bet it can--and in our 1st Annual Top 100 Entrepreneurial Colleges and Universities, we reveal which U.S. schools do it best.
Entrepreneur magazine - April 2003
By David Newton and Mark Henricks
In 1970, a national survey of business schools found just 16 courses offered in entrepreneurship. Since then, entrepreneurial education has taken off like the Internet craze. Karl Vesper, University of Washington management professor and entrepreneurship expert, did the groundbreaking 1970 study that, when repeated in 1997, uncovered more than 400 schools offering at least one course in entrepreneurship, and more than 50 schools with four or more courses.
"Money, mostly" is the reason so many schools have added entrepreneurship to their offerings, says Vesper, who explains that colleges want to tap into donations from wealthy alumni. But the visibility of entrepreneurs in business in the past three decades has also played a role. As headlines blared about the innovation and personal wealth that went hand-in-hand with entrepreneurs and start-up ventures, especially in the technology sector, the public became increasingly fascinated with start-up businesses and the risk-taking mind-set that defines the entrepreneur.
Entrepreneurial education arguably started at Harvard University in 1947 with a single course. In the mid-1980s, entrepreneurship came into its own, and programs sprang up offering entrepreneurship tracks and even majors for MBA and undergraduate students. By the turn of the millennium, students could major or minor in entrepreneurship--even get a doctorate and join the professors researching and teaching entrepreneurial management and finance. Along with entrepreneurial degree programs, schools hold student business plan competitions, sponsor research centers and host venture capital forums. Today, more than three dozen academic research journals are dedicated to topics ranging from family businesses, franchising and...