Understanding the Root of Entrepreneurship among the Worstepochs
The recent article in Money智造 ranks Entrepreneurship as one of the 20 most useless college degrees, with a selection of businesses schools documenting their concerns about whether entrepreneurship is truly a valuable college education. While most business schools are seen as cringing at the idea of entrepreneurship curriculums, the concern has recently boiled down to specific concerns: an empirically unproven track record of entrepreneurial education being an American education — or, even for those students entering the real world, if the door is left closed to entrepreneurship and innovation in the success of future businesses.
Understanding the Concerns with entrepreneurial education in business schools
The initial article is narrower than the broader study on the topic, but the same concerns about entrepreneurship as supplied by the MBS article carry out. The MBS folks argue that while a four-year degree may not be essential for foundational work, students eventually need entrepreneurial education. However, they cite specific examples, such as Sam Walton, Michael Dell, Joe Martin, and Gaston Taratuta — all of whom claim to have never begun an venture outside of their corporate management training.
Critics of Business Schools for Promoting VC-Centric Education
Because business schools are explicitly discounted as failing to prepare students for a competitive world, it raises a critical question: what is the role of business schools in the real economy? When美国的CEO拥有巨大的控制权，而");
Learning Alternative Skills and Small Business Centers
The third concern is that business schools are not effectively teaching entrepreneurial or business skills that are uniquely relevant to startups. The MBS article cites a study of 87 billion-dollar entrepreneurs, many of whom built their reputations and success without taking a VC path. These entrepreneurs relied on strategic business and financial skills instead of帮扶.
Writing for Unicorn Entrepreneurs to Sell
To the article’s defense, orchestrating the conclusion, there are shifts in focus. Will one major business school shape the future? If business schools continue to_edge to teach students the specific CRM or financial skills that enable a company to reach and leave a billion-dollar territory, these schools will succumb to the analyses presented here.
A Visionary Approach
To honestly address the challenges, business schools must focus much more on teaching the skills one needs to build billion-dollar ventures, not just sell VCs. A study by McKinsey and Company shows that only 12% of business school graduates ultimately raised VC — much lower than business degree graduates.
What Should Students Learn Now
If business schools are to truly prepare their emerging students for the reality of entrepreneurship and innovation in tomorrow’s business environment, they need to rethink their curriculum and pivot its focus. Currently, 94% of billion-dollar entrepreneurs claim that they did not raise a VC. While this reflects a real-world issue, the article also notes that 16% avoid VC altogether.
The article suggests that business schools should not be teaching general management or entrepreneurial education — but rather, they should be addressing the unique skills needed for billion-dollar businesses. This includes teaching students practical market insights, financial acumen, and strategic thinking.
As the article emphasizes, if business schools are to compete with the没法开发 million-dollar businesses of Silicon Valley, they must stop trying to sell students to VC-driven psychologist models. Instead, they need to pivot and create a curriculum that focuses on building the skills students need to succeed in their first ventures.
