THE ENTREPRENEURSHIP MODEL OF BUSINESS EDUCATION: BUILDING KNOWLEDGE ECONOMY

Business education around the globe is similar in one aspect that it needs to track the economic developments and train the students with the latest models of operations. The serious faces of the education institutions come only from the high standards of the research and percolation of the same to the community who are the party of interest i.e. teachers, students, recruiters, society in general and other utility terminals. A traditional way of discussion in the classroom with theoretical models and without cases of the real situations requires more time for tuning the managerial aspirants with the industrial dynamic equations. We study few successful models of education on different philosophies to train students for employment to global market, to domestic market, and to the market that is new to the economic developments. We also propose a model of business education that trains the mediocre minds to be the entrepreneurs and leaders of tomorrow.