Value creation in entrepreneurial education: towards a unified approach. Issue 1 (27th October 2020)

• Record Type: Journal Article
• Authors: Jones, Colin; Penaluna, Kathryn; Penaluna, Andy
• Is Part Of: Education + training. Volume 63:Issue 1(2021)
• Page Start: 101
• Page End: 113
• Publication Date: 2020-10-27
• Subjects: Value creation -- Student agency -- Value creation pedagogy; Vocational education -- Periodicals; Occupational training -- Periodicals; Business and education -- Periodicals; 370.113
• DOI: 10.1108/ET-06-2020-0165
• Languages: English
• ISSNs: 0040-0912

Abstract

Abstract : Purpose: This paper aims to propose a unified framework for understanding the development and distribution of value within and from enterprise and entrepreneurship education. In doing so, the authors trace the origins of value creation pedagogy back 100 years and reconnect this lost literature to contemporary thinking as to what constitutes value creation pedagogy. Design/methodology/approach: This conceptual paper identifies specific temporal-specific problems with current thinking in enterprise and entrepreneurship education vis-à-vis who gains the value from value creation pedagogies. To address this identified anomaly, the authors seek to develop a spectrum of value-creating activities/processes applicable to enterprise and entrepreneurship education. The underlying aim of this approach is to provide clarity around who specifically benefits from value creation pedagogies, how and when. Findings: In developing a spectrum of value-creating activities/processes applicable to enterprise and entrepreneurship education, the authors have successfully located all major forms of value creation pedagogies in an iterative manner that caters to the authentic development of value for oneself and others. The proposed model assumes that the creation of authentic value for others should be preceded by the development of specific capabilities in the value creators. Practical implications: There are important implications that arise for all enterprise and entrepreneurship educators in the discussions presented here. Most importantly, value creation pedagogies should be fueled by the ongoing development of purpose, agency and capability via cultivated reflection. Originality/value: This paper broadens the notion of what constitutes value creation pedagogy in enterprise and entrepreneurship education. In doing so, the authors elevate the importance of student creative competency development over value creation.