International Enterprise Education

2 U.S. approaches to entrepreneurship education

George Solomon, Nawaf Alabduljader and Ravi S. Ramani

Introduction

Entrepreneurship and new venture starts are key drivers of economic growth (Amezcua, Grimes, Bradley and Wiklund, 2013; Raffie and Feng, 2014). According to the Small Business Administration in the U.S. alone, small businesses make up 99.7 per cent of firms and 64 per cent of net new private-sector jobs. Thus, entrepreneurship is essential for social and economic wellbeing because new ventures are the primary source of job creation and economic development in many economies (Aldrich, 1999). Entrepreneurship is also seen as a solution for the fast-changing markets, and as a competitive advantage that can be used by companies to outperform ...