Bridging Knowledge And Business: Education And Entrepreneurial Development
Keywords:
entrepreneurship, entrepreneurial education, entrepreneurial competencies, entrepreneurial mindset
Abstract
Abstract: Considering the growing importance of entrepreneurship and its far-reaching contributions across various sectors, this paper aims to emphasize the role of education in fostering the acquisition of knowledge and skills essential for developing entrepreneurial mindsets and practices. It also highlights the positive impact that developing entrepreneurial competencies can have on students. The research combines an in-depth literature review of relevant studies on entrepreneurial education with an empirical survey investigating graduate students’ attitudes from the Republic of Serbia. Data analysis and interpretation included descriptive statistics, correlation method and regression model. The findings demonstrated that entrepreneurial teaching and support significantly affect entrepreneurial impact such as skills to manage risk, entrepreneurial mindst and ability to create value for others.
Keywords: entrepreneurship, entrepreneurial education, entrepreneurial competencies, entrepreneurial mindset
References
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2. Bacigalupo, M., Kampylis, P., Punie, Y., & Van den Brande, G. (2016). EntreComp: The entrepreneurship competence framework. Publication Office of the European Union.
3. Bashir, S., & Farooq, M. S. (2023). Prospective Teachers’ Reflection on the Development of Entrepreneurship Competences (EntreComp): A Design-Based Learning Experience. Pakistan Social Sciences Review, 7(3), 762-780.
4. Vij, V., & Ball, S. (2010). Exploring the impact of entrepreneurship education on university nonbusiness undergraduates. International Journal of Entrepreneurship and Small Business, 9(1), 86-109.
5. Banha, F., Coelho, L. S., & Flores, A. (2022). Entrepreneurship education: A systematic literature review and identification of an existing gap in the field. Education Sciences, 12(5), 336.
6. Bernadó, E., & Bratzke, F. (2024). Revisiting EntreComp through a systematic literature review of entrepreneurial competences. Implications for entrepreneurship education and future research. The International Journal of Management Education, 22(3), 101010.
7. Cedefop Austria. (2020). National Action Plan for Entrepreneurship Education. Retrieved from https://www.cedefop.europa.eu/en/news/austria-national-action-plan-entrepreneurship-education
8. Cedefop (2023). Entrepreneurship competence in vocational education and training in Europe: synthesis report. Luxembourg: Publications Office. Cedefop research paper. Retrieved from http://data.europa.eu/doi/10.2801/08062
9. Chudy-Laskowska, K., Czyzewska, M., Jezierska, K., & Piecuch, T. (2021). Entrepreneurial competencies in research based on EntreComp among student youth in Poland. Retrieved from https://www.um.edu.mt/library/oar/bitstream/123456789/83293/1/Entrepreneurial_competencies_in_research_based_on_EntreComp_among_student_youth_in_Poland.pdf
10. Crișan, E. L., Beleiu, I. N., Salanță, I. I., Bordean, O. N., & Bunduchi, R. (2024). Embedding entrepreneurship education in non-business courses: A systematic review and guidelines for practice. Management Learning, 55(4), 553-575.
11. Deng, W., & Wang, J. (2023). The effect of entrepreneurship education on the entrepreneurial intention of different college students: Gender, household registration, school type, and poverty status. PloS one, 18(7), e0288825.
12. Dehghanpour Farashah, A. (2013). The process of impact of entrepreneurship education and training on entrepreneurship perception and intention: Study of educational system of Iran. Education+ Training, 55(8/9), 868-885.
13. Doe, R. (2017). Entrepreneurship among non-business students: Implications for entrepreneurship education. American Journal of Management, 17(7), 24-32.
14. Dreisiebner, P. D., Riebenbauer, E., & Stock, M. (2018). Providing entrepreneurship education to business and non-business students: A holistic view on different approaches. International Journal for Business Education, 158(1), 4.
15. Drucker, P., & Maciariello, J. (2014). Innovation and entrepreneurship. Routledge.
16. Durão, M., Fernandes, S., Nogueira, S., & Neves, A. (2024). Mapping Entrepreneurial Competences for the Cultural and Creative Industries: An Application of the European Entrepreneurship Competence Framework to Course Design.
17. Đoković, G., & Čelik, P. (2016). „Informacione tehnologije kao ključni faktor ekonomskog i tehnološkog razvoja preduzetništva “, Druga međunarodna naučno-stručna i biznis konferencija LIMEN 2016. Zbornik radova „Liderstvo i menadžment–integrisane politike istraživanja i inovacija.
18. Federal Ministry of Labour and Social Affairs, Federal Ministry of Education and Research, Federal Ministry for Economic Affairs and Energy, Federal Employment Agency, Conferences of Ministers of the Länder, trade unions, and employer and business associations. (2019). National Skills Strategy. Retrieved from https://www.bmas.de/EN/Services/Publications/a805be-final-reports-innovation-labs.html
19. Grigg, R. (2021). EntreCompEdu, a professional development framework for entrepreneurial education. Education+ Training, 63(7/8), 1058-1072.
20. Hany, M., Saad, S. G., & Hisham, A. (2023). Entrepreneurship education application and effectiveness in Egyptian hospitality schools: A comparative study using European Framework for Entrepreneurial Competences (EntreComp). International Academic Journal Faculty of Tourism and Hotel Management, 9(1), 124-148.
21. Joensuu-Salo, S., Viljamaa, A., & Varamäki, E. (2022). Testing the EntreComp framework and its relation to start-up behaviour in seven European countries. Journal of Small Business and Enterprise Development, 29(6), 920-939.
22. Kaya-Capocci, S., Pabuccu-Akis, A., & Orhan-Ozteber, N. (2025). Entrepreneurial STEM education: Enhancing students’ resourcefulness and problem-solving skills. Research in Science Education, 55(1), 103-134.
23. Lajović, D., & Vulić, V. (2010). Tehnologija i inovacije. Ekonomski fakultet Podgorica, Podgorica.
24. López-Núñez, M. I., Rubio-Valdehita, S., Armuña, C., & Pérez-Urria, E. (2022). EntreComp questionnaire: A self-assessment tool for entrepreneurship competencies. Sustainability, 14(5), 2983.
25. Li, G., Long, Z., Jiang, Y., Huang, Y., Wang, P., & Huang, Z. (2023). Entrepreneurship education, entrepreneurship policy and entrepreneurial competence: mediating effect of entrepreneurship competition in China. Education+ training, 65(4), 607-629.
26. Maragh, D. (2025). A Systematic Literature Review of the Impact of Extracurricular Entrepreneurship Education. Entrepreneurship Education and Pedagogy, 8(1), 60-76.
27. Motta, V. F., & Galina, S. V. R. (2023). Experiential learning in entrepreneurship education: A systematic literature review. Teaching and Teacher Education, 121, 103919.
28. Ministry of Education and Research. (2016). Entrepreneurship and Career Education Programme Edu ja Tegu [Success and Action]. Retrieved from https://ettevotlusope.edu.ee/eng-rus
29. OECD Learning Compass 2030, Retrieved from https://www.oecd.org/en/data/tools/oecd-learning-compass-2030.html, 11/04/2025
30. Pasic, M., Vatres, A., Bijelonja, I., & Pasic, M. (2023). Analysis of Development of Entrepreneurship Competences of Engineering Students Based on EntreComp Framework. International Journal of Industrial Engineering and Management, 14(2), 162-182.
31. Pham, M., Nguyen, A. T. T., Tran, D. T., Mai, T. T., & Nguyen, V. T. (2023). The impact of entrepreneurship knowledge on students'e-entrepreneurial intention formation and the moderating role of technological innovativeness. Journal of Innovation and Entrepreneurship, 12(1), 80.
32. Peterman, N. E., & Kennedy, J. (2003). Enterprise education: Influencing students’ perceptions of entrepreneurship. Entrepreneurship theory and practice, 28(2), 129-144.
33. Prasad, S., Dakshinamurthy, T., Dash, I., Garg, R., Thulaseedharan, A., Rajagopalan, K. K., & Goel, V. (2024). Impact of entrepreneurship education on youth employment: Evidence from developing countries. Library Progress International, 44(3), 9994–10008. Retrieved from https://doi.org/10.3126/lpi.v44i3.2219
34. Rogers-Draycott, M., Bozward, D., Smith, K., Mave, M., Curtis, V., & Maragh, D. (2024). Does entrepreneurship education deliver? A review of entrepreneurship education university programmes in the UK. Education Sciences, 14(4), 361.
35. Rocha, R. G., do Paço, A., & Alves, H. (2024). Entrepreneurship education for non-business students: A social learning perspective. The International Journal of Management Education, 22(2), 100974.
36. Sandberg, B. (2023). The EntreComp Bias: A Qualitative Study on Entrepreneurial Competence in Entrepreneurship Training. In Proceedings of the International Education Conference (Vol. 1, No. 1, pp. 32-46).
37. Teodosiu, A. (2021). Understanding how entrepreneurship education influences students’ entrepreneurial learning outcomes, studying the case of the entrepreneurship education minor at the University of Oulu, Finland
38. Vinogradova, N., Novac, A., Jáki, E., & Aranyossy, M. (2023). The impact of entrepreneurship education on entrepreneurial intentions and competencies of students in Moldova. Society and Economy, 45(1), 33-52.
39. Volery, T., Müller, S., Oser, F., Naepflin, C., & Rey, N. D. (2013). The impact of entrepreneurship education on human capital at upper‐secondary level. Journal of Small Business Management, 51(3), 429-446.
40. Vukotić, V., Šuković, D., Rašević, M., Lutovac, Z., & Goati, V. (2018). Preduzetništvo vs. rentijerstvo. Centar za ekonomska istraživanja.