Entrepreneurship, Innovation and Economic Growth : Assignment

PROPOSAL
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TABLE OF CONTENTS
1. INTRODUCTION.......................................................................................................................1
2. SIGNIFICANCE OF THE RESEARCH.....................................................................................1
3. RESEARCH LITERATURE REVIEW AND BACKGROUND...............................................2
To determine significant role of quality teaching of entrepreneurship........................................2
To identify the effectiveness of quality teaching to boost up new entrepreneur’s confidence to
take risks in venture start up........................................................................................................3
To evaluate the impact of quality teaching of entrepreneurship on the development of new
start-up.........................................................................................................................................4
4. Research Questions......................................................................................................................5
5. Research Aim and Objectives......................................................................................................5
RESEARCH QUESTIONS.............................................................................................................5
6. Research Methodology................................................................................................................6
7. Gantt Chart...................................................................................................................................8
8. Conclusion.................................................................................................................................10
REFERENCES..............................................................................................................................11
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Title: “To review the role of quality teaching of entrepreneurship on the development of new
start-ups. – A study of UK”.
1. INTRODUCTION
An entrepreneurship is known as the activity of setting up a business, where focus of
person is on taking financial risk with the hope of maximizing profit. Start-up is an
entrepreneurial venture which is considered as new business that aim to meet a need of
customers in specific market. To start up new business is not easy, because proper goals and
objectives are needed to be set and executed accordingly. Entrepreneurship is mainly driven by
entrepreneurial Framework condition’s which consist of various socio-economic elements
(André and Pache, 2016).
Quality teaching can benefit students from all socioeconomic backgrounds for the
development of new start-ups, because it is focused on teaching and promoting thinking to
explore out of the box ideas. Along with this, quality teaching is the way to cultivates unusual
talents and skills. It also develops opportunity to develop various skills and knowledge to
become entrepreneur. The present research is based on analysing role of quality teaching of
entrepreneurship that plays crucial role in development of new start-ups. The study will focus on
way entrepreneur education can help the individual in becoming successful entrepreneur.
Lack of education is one of the main barriers of entrepreneurship. While, thinking of starting
a new business it is important to think differently and ensure that innovative ideas are
implemented with creativity and own managerial learning. can be implement new ideas.
(Auchter and Kriz, 2014). There are various types of skills and knowledge which is required to
be developed at the time of starting a business and it can be only enhanced through quality of
teaching. The present investigation will focus on ways quality of teaching and their significant
role for entrepreneurship. Further, entrepreneurship education can help in shaping the
entrepreneurial attributes which build awareness regarding start-ups and micro business plans.
2. SIGNIFICANCE OF THE RESEARCH
The undertaking of the investigation is important for students who want to become
successful entrepreneur. They can easily learn about different opportunities which can help
easily grab and establish a new business with less risk. (Little, 2015). To become a successful
entrepreneur is not easy for anyone without learning entrepreneurial skills which pushes them for
building innovative idea to manage successful business.
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However, quality of teaching is important in order to understand steps that needs to be
consider for become successful entrepreneur. The present research will help in developing a deep
understanding related to the role of quality teaching of entrepreneurship. There are many people
who started a new business but they have not taken any education regarding skills and way to
become successful entrepreneur.
Entrepreneurship education is known as the procedure of delivering individual ability to
understand commercial opportunities and vision to coordinate with self-esteem, knowledge and
skills. Further, quality teaching provides ability to recognise situation which can be effective for
interesting business plan and start-up. All the important skills for business start-up can be gain
from quality teaching (Wibowo, Saptono and Suparno, 2018). There is significant difference
between providing teaching to become entrepreneur and undertaking training. Education is
focused on gaining knowledge and skills to set up a new company. The difference between both
of them can simply made on behalf of purpose individual holds for starting up a business.
However, training is related to obtaining knowledge and skills that help to start a new business. It
can be said that quality of teaching is important because it help in understanding the way
individual can identify opportunities, minimise risk while starting a business. Teaching can
trigger students into entrepreneurial activity.
The present research is based on exploring the role of quality teaching of
entrepreneurship on development of new start-ups. Thus, it will help in understanding role of
quality teaching which plays an important to become successful entrepreneur. Students can take
this as an opportunity and learn wide range of skills and knowledge from teaching. There are
various skills which are associated with entrepreneur can be like, financial literacy, money
management and interpersonal communications. However, the effectiveness of teaching spreads
further that is being effective for an individual to gain huge information and enhance knowledge
(Raven and Le, 2015). Teaching associated with entrepreneurship can help in developing more
interest to learn and explore different skills and innovative business ideas.
3. RESEARCH LITERATURE REVIEW AND BACKGROUND
To determine significant role of quality teaching of entrepreneurship.
According to the view of Nabi, Liñán and Walmsley, (2017) to start up a new business, it
is important for an individual to develop own skills and knowledge to be successful. Quality
teaching framework incorporates various teaching and learning program in order to make sure
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that quality education is being provided to entrepreneurs. There are few elements of quality
teaching such as deep knowledge, deep understanding, problematic knowledge, etc. At present
time, individual live in a world where future is uncertain, therefore an entrepreneur required to
have skills which allow them to make their own way out of risk.
Education help in teaching all those skills that help in making own path and navigate
uncertain water. Quality teaching assist the way which equips problem solving opportunities,
creative thinking and accepting failure which is a part of growth. They also learn way to
appreciate the correlation between hard work and success. For an individual it is important to
identify more opportunities to be creative and innovative. Entrepreneurship education does not
encourage but also ensure that they started thinking out of the box. Quality teaching help them to
understand the way they can grab opportunities and overcome their own weakness.
According to the view of Fayolle and Gailly, (2015), students look for education that can
help in developing their important skills to become successful entrepreneur. However, it is
noticeable that there is an increase in interest and demand for entrepreneurship education from
last 5 years. Result of this, is that entrepreneurial education has increases as well in al over UK.
Quality of teaching help students to trigger into entrepreneurial activity. Jepsen, Varhegyi and
Teo, (2015) argued that, if individual set a business without gaining much knowledge, then the
individuals may not be able to deal with uncertainties and risk which can arise any time. Lack of
quality teaching can affect day to day business operations of an entrepreneur.
To identify the effectiveness of quality teaching to boost up new entrepreneur’s confidence to
take risks in venture start up.
According to the view of André and Pache, (2016), quality teaching is effective for
boosting confidence of entrepreneur’s for taking risks and executing start up. Auchter and Kriz,
(2014) stated that, to start a new business it is important to have some important skills and
knowledge. Skills such as ambition, willingness to learn, creativity, confidence, risk taker, etc.
Further, before entering in a market for start-up it is important to analyse external environment.
Thus, all skills and knowledge can be gained through quality teaching which help in becoming
successful entrepreneur. Quality teaching help in developing understanding to make decision in
critical situation. Further, an individual learns the way of taking by identifying possibilities and
alternative risky situations.
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Wibowo, Saptono and Suparno, (2018) argued that, when entrepreneur is not able to
make quick decision or failed then it may demotivate them. Hence, in quality teaching they learn
the way through which an individual can make effective decision or learn the way to grab
opportunities to be successful. While starting a business it is important to put career, personal
finance and even mental health on stake. Therefore, teaching help in learning the way risk occur
in the business and ways by which it can be minimised. In a business if there is no risk then it is
not easy to learn because entrepreneur will not experience failure and therefore it will not be able
to get chance to learn from mistakes
To evaluate the impact of quality teaching of entrepreneurship on the development of new start-
up
According to the view of Raven and Le, (2015) quality teaching lead to put positive
impact on development of entrepreneurship while starting a new business. Quality teaching is
important for quality learning. It is not easy to start a business because lots of knowledge skills,
business ideas, financial resources are required. Hence, acquiring knowledge and skills before
starting up help in carrying out business in an effective and efficient manner. Among all of them
quality teaching play significant role to be successful. There are various skills and knowledge
which can be developed in an entrepreneur through quality teaching such as the way to
communicate, making critical decision, risk taking, etc. With the use of such quality quality
teaching an entrepreneur can easily learn the way of analysing market in which they want to start
a new business. Quality teaching such as provide in depth information, they can have learned the
way of adopting various strategies that help the in growth and development through effective
learning.
According to Little, (2015) opinion quality teaching is essential aspect of entrepreneurship
education as it leads to inspire students to think creative. For an entrepreneurial learning it is
important to think creative and innovative. Managerial skills of individual who want to start a
business can improve that further support in business activities. Teaching help in transferring
knowledge and information along with developing ability.
Rauch and Hulsink, (2015) argued that, quality teaching can change perception of
individual related to the way resources are used and operations are carried out within the firm.
Utilisation of resources means quality teaching can benefit to an individual in order to gain funds
from friends and other. For instance, an individual can build relations with peers at the time of
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taking entrepreneurship courses. It is because network and relationship can help in providing
new entrepreneurs large number of information related to the resources. Quality education do not
only allow to have only experience but educators motivates students to put innovative ideas into
practices. If an individual gets more opportunities for transferring knowledge into the experience,
then they can acquire better capabilities as well to be successful.
4. RESEARCH QUESTIONS
Research questions are essential and define the way of research. These are the framework
based on which entire investigation is structured and carried out. Therefore, to conduct the
research in an effective manner it is important to generate and evaluate research questions in an
efficient way. Here below are provided research questions.
 What is the main role of quality teaching of entrepreneurship?
5. RESEARCH AIM AND OBJECTIVES
Aim: To explore the way in which quality teaching of entrepreneurship leads to the development
of new start-ups- A study of UK
RESEARCH QUESTIONS RESEARCH OBJECTIVE
 What is the significant role of quality
teaching of entrepreneurship?
 How quality teaching can boost up new
entrepreneur’s confidence to take risks
in executing start up?
 How quality of teaching in
entrepreneurship is beneficial for the
development of new start-ups?
 What can be the strategies to improve
quality teaching of entrepreneurship to
benefit the entrepreneurs with
successful start-up?
 To determine the significant role of
quality teaching of entrepreneurship.
 To identify the effectiveness of quality
teaching to boost up new entrepreneur’s
confidence to take risks in venture start
up.
 To evaluate the impact of quality
teaching in entrepreneurship is
beneficial for the development of new
start-ups.
 To recommend strategies to improve
quality teaching of entrepreneurship to
benefit the entrepreneurs with
successful start-up.
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6. RESEARCH METHODOLOGY
Research methodology demonstrate the structure of the research. It shows the way
through which research can be carried out in right direction. Here below are provided different
methods and techniques which are used for the present research.
 Research philosophy:
Research philosophy is considered as a belief, notion and idea of the scholar which assist
in gathering and analysing information in systematic manner. In accordance to Saunders research
onion research philosophy is first part which ascertain scholar to carry out investigation. It is
divided into 4 types that are interpretivism, positivism, pragmatism and realism (Edson, Henning
and Sankaran, 2016). The present research is based on exploring the way quality teaching of
entrepreneurship leads to the development of new start-ups. For the present research
interpretivism philosophy will be used by investigator. It is known as socially constructed and
multiple understanding philosophy. It is considered by scholar because it helps in primary data
collection and analysis of information. This will help in analysing primary collected information.
Hence, it can be said that interpretivism philosophy will help accomplishing the goals and
objectives of the research.
 Research approach:
It assists in justifying the relevance of hypotheses to the study. It is categorised into two
type that are inductive and deductive approach. Deductive approach is used at the time of testing
the validity of assumptions. On the other side inductive is focused on constructing new theories
and generalisation of the same information is done. To incorporate theories in the study
researcher will use inductive approach (Tight, 2016). The aim of the investigation is to explore
the role of quality teaching of entrepreneurship which leads to the development of new start-ups.
Thus, for accomplishing the aim, inductive approach will be used. In this researcher will focus
on collecting specific information first and then generalising it is make valid and reliable
assumptions and outcomes.
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 Research strategy:
Research strategy is known as the plan which is made by scholar, that assist in attaining
the aim and objectives of the investigation in an effective manner. With the help of research
strategy, scholar can easily determine the flow of investigation (Toye, Williamson and Lamb,
2016). There are two kind of research strategy that is qualitative and quantitative. For the current
investigation, qualitative will be used by the investigator. Qualitative strategy focusses on the
theoretical aspect of the research which help in collecting in depth information on the selected
topic that is the role of quality teaching of entrepreneurship that leads to the development of new
start-ups. Thus, it will be effective enough in order to attain the aim and objective of the
research.
 Data collection
Data collection is one of the important part of the investigation in which information is
gathered from wide range of sources. For researcher, it is essential to collect information from
different sources so that research can be become valid and reliable. There are two important
sources of data collection that are primary and secondary (Cooper, Desjardins and Croll, 2016).
Primary information is known as new information which help scholar to understand current
problem on the basis of selected topic. It can be collected through survey, questionnaire and
interview method.
On the other side, secondary information is old and published by different authors in their
research papers. Scholar can collect the secondary information from books, journals, articles, etc.
Aim of the present research is to explore the role of quality teaching of entrepreneurship that
leads to the development of new start-ups. Therefore, both primary as well secondary sources
will be considered by the researcher. The primary information will be collected through survey
in which questions will be asked from entrepreneur who are willing to start a new business. They
can effectively state the importance of quality teaching for entrepreneurship to start a new
business. On the other side, secondary information will be collected from books, journals and
articles.
 Sampling:
Sampling is known as the process in which small proportionate of data is collected from
large number of sources (Bathelt and Glückler, 2017). Two different types of sampling method
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are known as probabilistic and non-probabilistic method. For the present research probabilistic
method is selected by scholar. Here, for survey 12 entrepreneurs who are willing to start new
business will be selected randomly. Reason for selecting entrepreneur is that they can easily
provide relevant information regarding role of quality teaching that helps in starting a new
business. Random sampling method is effective in order to provide equal chance to be selected
and avoid the chances of biasness.
 Data analysis:
Data analysis is crucial chapter in the research that help in analysing all the collected
information in an efficient manner. It is an effective process through which all the raw data can
be converted into meaningful information (Peter, Werner and Alavi, 2017). Two methods of data
analysis are qualitative and qualitative. For the present research qualitative method will be used
by the scholar. It is an effective method in which all the information is evaluated in non-numeric
form. Different themes and charts are prepared based on the result and interpretation is done.
Reason for choosing this method is that it helps in carrying out in depth theoretical analysis.
Further it also helps in attaining the aim and objectives of the research.
 Ethical consideration:
Ethical consideration is one of the crucial part in the research. Before undertaking ethical
consideration, it is not easy to complete the research in a valid and effective manner. There are
certain rules and regulation which need to be followed while undertaking research (Médici and
Allen, 2016). At the time of collecting primary information it is important to ensure that no
participant is forced to participate in the research. Along with this, all the personal information
provided by respondents need to be kept confidential.
Task Name Duration Start Finish Predecessors
Development of the research
proposal 30 days Wed 8/8/18 Tue 9/18/18
Constructing the objectives
and aim 13 days Wed 9/19/18 Fri 10/5/18 1
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Emerging research questions 6 days Mon 10/8/18 Mon 10/15/18 2
Classifying and selecting
method of data collection 5 days Wed 9/19/18 Tue 9/25/18 1
Research Methodology 6 days Tue 10/16/18 Tue 10/23/18 3
Gathering primary data 4 days Wed 10/24/18 Mon 10/29/18 4,5
Data analysis 3 days Tue 10/30/18 Thu 11/1/18 6
Finding of collected data 4 days Fri 11/2/18 Wed 11/7/18 7
Suggestion and conclusion 1 day Thu 11/8/18 Thu 11/8/18 8
Figure 1Gantt Chart
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8. CONCLUSION
From the above research proposal, it is concluded that quality teaching play crucial role
in development of entrepreneur for executing start-up. Teaching ensure that entrepreneur gain
enough knowledge and skills that can help them in future to manage successful business
operations. Impact of quality teaching on entrepreneur is that they learn cognitive, emotional and
behavioural skills.
Creative teaching creates positive impact on the entrepreneur’s capabilities and skills which
also assist in motivating them to start a new business successfully. Further it is concluded that,
there are wide range of tools and techniques which can be used by scholar in order to carry out
research in a right direction. There are different methods of data collection which can be used by
scholar in order to acquire depth information related to the selected topic.
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