Comparative Study on Selected Models of Entrepreneurship Education

Abstract

NEP 2020 is concentrating on the role of educational institutes in the various areas, such as traditional local arts, vocational crafts, entrepreneurship education, agriculture or any other subject where local expertise exists, to benefit students and help preserve and promote local knowledge and professions. However, the main goal of the entrepreneurial education has been intertwined in the NEP and it desires to make young generation more imaginative, innovative, ingenious, proactive, pioneering and prospect oriented (NEP, 2020). Therefore, it needs to understand various models of entrepreneurship education and their application in the learning field. Some models have been tried out either in colleges, universities or entrepreneurship development programmes. These models have been developed based upon the pedagogical requirement or to get outcome of business start-ups after the entrepreneurial training. The Entrepreneur in Economic Modeling, Kakinada Model of Entrepreneurship Education with the experiment done by David McClelland, AIM pyramid of NITI Aayog, an emerging model of EE by Creative industries professionals of UK, Twenty-first Century Model of EE by H. Ramakrishna Hulugappa, TAILOR-C model of EE by Dipak Tatpuje, Model of Entrepreneurial Learning by David Rae, COBLAS model by the Japan ASEAN Integration fund with Takeru Ohe are the few of models of EE studied in this research. This comparative study is based upon the features, components, perspective and the environment in which it was developed. Each model contributed significantly in the area of entrepreneurship education and its pedagogical strength ‘in the higher education. Subsequently, this is urgent need to understand the models of entrepreneurship education. The entrepreneurship education is being carried out effectively in the higher education institutes across the European universities’ (Liu, 2021). This is a literature survey-based study is done for understanding the various efforts and experiments done in the EE to promote self-employment.