Entrepreneurship in Education Entrepreneurship in the light of

Entrepreneurship in Education

Entrepreneurship in the light of Quran Muslim entrepreneurs must have faith in Allah (SWT) in order to prosper in their businesses. Allah mentions in the Quran; “O you who have believed, shall I guide you to a transaction that will save you from a painful punishment? [It is that] you believe in Allah and His Messenger and strive in the cause of Allah with your wealth and your lives. That is best for you, if you should know. ”(Al-Saff 61: 10 -11) The reflection of the above verse is that a Muslim entrepreneur should have faith in Allah and strive with his wealth to follow the path that Allah has ordained for him.

Objectives of the Seminar • To know about Entrepreneurship in Education, its Importance • To know about How to foster the robust entrepreneurial culture in the College. • To Understand the best teaching practices of entrepreneurship. • To Develop the entrepreneurial mindset.

Oman vision 2020 1. To develop Omani people in order to cope with technological progress and attain international competitiveness. 2. To develop a private sector (private business/ companies) capable of optimum use of human and natural resources in an efficient way. 3. To promote the use of its natural resources and promote national development. 4. To distribute the fruits/ benefits of development among all regions and all citizens. 5. To safeguard and develop the achievements accomplished in the past twenty-five years.

HCT College Vision • We will be a leading technological institution providing high quality teaching and learning to prepare and empower the Omani professionals of the future to contribute to national socio economic development

HCT Values Professionalism Creativity and innovation Integrity Communication Flexibility Team Work and Tolerance

HCT Strategic Goal-3 We will offer quality programs that promote entrepreneurial skills and respond to the changing market needs and developments in technology

Graduates Attributes GA 1 GA 2 GA 3 GA 4 • Are well disciplined and committed to hard work and a high standard of productivity • Are able to apply the knowledge and skills to a diverse and competitive work environment • Are able to think critically, analyses and solve problems • Have a high degree of competence in using information and communication technology GA 5 • Are professionally competent and up to date in their field of specialization in a changing global environment GA 6 • Can gather and process knowledge from a variety of sources and communicate effectively in written and spoken English GA 7 GA 8 GA 9 GA 10 • Can effectively demonstrate and apply good interpersonal skills in team work and leadership roles • Are committed to self-development through lifelong learning • Are socially responsible citizens aware of contemporary issues in contributing to national development • Are able to demonstrate and apply their entrepreneurial skills

Why Entrepreneurship? Oman Vision 2020 Graduate attributes HCT vision Entrepreneurship HCT – Values HCT Goal -3

What is Entrepreneurship • Entrepreneurship refers to an individual’s ability to turn ideas into action. • It includes creativity, innovation and risk taking, as well as the ability to plan and manage projects in order to achieve objectives. (European Union, 2012: 7)

Passing information is not enough Wikipedia 15, Million Articles Encyclopedia 65, 000 Articles

From Keeping to Sharing 32 Million Users 100 Million User 400 Million Users

Technologies trends New Content New Connections New Communities

Workplace Expectations – What the employers need? • Creativity and innovation • Communication skills • A willingness to experiment • The ability to work on team • Passion and leadership

Solution is Entrepreneurship? Community t n E Industry ge u e en r p re Next Generation p i h rs Students Colle Col lege College

Importance of Entrepreneurship • Entrepreneurship is at the heart of economic growth of any nation. • It is a major source of innovation, enterprise productivity, and employment. • Entrepreneurship has also been identified as a mechanism by which many people enter the society’s economic and social mainstream, aiding culture formation, population integration, and social mobility

Entrepreneurship Education Entrepreneurship education seeks to provide students with the knowledge, skills and motivation to encourage entrepreneurial success in a variety of settings. • Entrepreneurship education activities are a real-life vehicle for developing academic skills such as; ü Self-confidence ü Creative thinking and innovation ü Critical Thinking ü Collaborative engagement ü Multi-disciplinary and multi-talented work teams

Foster the entrepreneurial culture

Foster the entrepreneurial culture Educate to Innovate Ø The education system needs to be more focused on developing attitudes that can lead to innovative ideas. The education system should ideally foster innovation, creativity and entrepreneurship. Ø By enhancing students’ talents and channeling their creativity, entrepreneurial attitudes can be fostered. Entrepreneurship education should be integrated into all educational levels of curricula. Ø Students need to stop being job seekers but rather critical thinkers, business creators and innovators.

Educate to Innovate § Nature of the Teaching Curriculum § Nature of the Classroom § Character of the Learning Experience

Transformations in Education Transformation of the Curriculum ü Learning at the student center ü Education for personal liberation and multiple perspectives ü Openness to new learning and new learning experiences ü Collaborative knowledge creation ü Learning beyond conventional notions of time and space

Transformations in Education Transformation of the Nature of the Classroom ü Using Technology as an enabler of education ü Interactive and activity-based learning ü From theory to practice VS from practice to theory ü Student leaders ü Teacher as mentor, mediator and coach

Transformations in Education Character of the Learning Experience ü The approach to learning should focus on bottom-up learning and peer-learning rather than the traditional top-down approach ü Education, teaching and learning should focus on the development of critical thinking and problem solving ü Changing role of the teacher as teaching becomes a dialogue.

Teacher as central in entrepreneurship education § Teachers are great sources of ideas for learning activities that provide experience in entrepreneurial skills…and often they don’t even know they are doing so. § Any teacher can help students understand the opportunities of our entrepreneurial economy by infusing entrepreneurship-related activities in their regular course of study. Such experiences may change the vision of their future for many of our youth.

Role of Entrepreneurship education in Promoting an enterprise culture. • The objectives of entrepreneurship education can thus be summarised as follows (European Communities, 2004): § Promoting the development of personal qualities that are relevant to entrepreneurship, such as creativity, spirit of initiative, risktaking and responsibility; § Raising students’ awareness of self-employment as a career option (the message being that you can become not only an employee, but also an entrepreneur); § Providing the business skills that are needed in order to start a new venture.

Entrepreneurial Mindset The 21 st Century world loves but lacks great entrepreneurs. Entrepreneurs like • Henry Ford, • Thomas Edison, • Steve Jobs, • Mark Zuckerberg are admired, envied, celebrated. . . But how come we don't have more of them today? Where have they all gone?

Entrepreneurial Mindset The Missing Link The missing link is "an entrepreneurial mindset — a critical mix of success-oriented attitudes of initiative, intelligent risk-taking, collaboration, and opportunity recognition, " says a report by (Aspen Youth Entrepreneurship Strategy Group, 2008).

Developing mindset of Entrepreneur

Developing mindset of Entrepreneur Students should be encouraged to develop self-awareness of their own enterprising and entrepreneurial qualities, as well as the motivation and selfdiscipline to apply these flexibly in different contexts to achieve desired results. This might include recognizing themselves, for example, § as a creative or resourceful person; § as someone who can translate ideas into actions; § as a person who is prepared to challenge assumptions through investigation and research.

Developing mindset of Entrepreneur An entrepreneurial mindset includes: • aspects of personality and social identity • personal ambition and goals • personal confidence and resilience • self-discipline and personal organization • understanding of one's own motivation • ability to go beyond perceived limitations and achieve results • tolerance of uncertainty, ambiguity, risk, and failure • personal values: ethical, social and environmental awareness.

How entrepreneurial are you? Not Yet (1) 1. I am Passionate about my goals 2. I have a spirit of adventure 3. I have a strong need to achieve 4. I am self confident and self reliant 5. I am goal oriented 6. I am innovative and creative 7. I am persistent, I don’t give up easy 8. I am hard working and energetic 9. I am a positive thinker 10. I am willing to take initiative Total Points Sometimes (2) Most of the time (3) Always (4)

How entrepreneurial are you? If you scored 31 -40: It seems you are a very entrepreneurial person, primed to take on the challenges and opportunities the new economy presents. If you have not already considered setting up shop or developing innovative projects, it may be time to give it some serious thought. If you scored 21 -30: You have a general entrepreneurial approach to work and life and your characteristics make you well suited to a career as an entrepreneur. Take your first entrepreneurial steps slowly and consider trying some freelancing or some contract work in your field before launching the business of your dreams. If you scored 11 -20: You may be more entrepreneurial than you think, but you still have your work cut out for you. Anyone can adopt entrepreneurial ways of thinking, just follow your passions, determine your life path and make an attempt at creating the future you dream of. If you scored 0 -10: Believe it or not, you can become more entrepreneurial. And in today’s economy, it is essential that you do so. You can start building your entrepreneurial skills by volunteering in your community, taking some business courses or doing informational interviews with entrepreneurs you admire.

Entrepreneurship in HCT Entrepreneurship Course The Entrepreneurship Course was designed and developed in 2014 by the academics from the Business Department at HCT, Muscat. The development of the course went through a very lengthy process keeping in view the criteria of; a. Ministry of High Education standards for the contents of this course. b. The expected students level and backgrounds (from different departments, first year in Diploma) c. Practical Oriented approach.

Entrepreneurship in HCT Entrepreneurship Course Objective The student will be exposed to theory as well the practical experience associated with entrepreneurship. The students will be able to develop clear and structured understanding of a business plan with support systems available to new business ventures.

Entrepreneurship in HCT Course Curriculum: The curriculum aims to include three main areas § Theory about Entrepreneurship and SMEs § Idea generation , Feasibility Study and Business plan § Guide lines for Entrepreneurship in Oman( Rules and Regulations and opportunities)

Entrepreneurship in HCT Training Program on Entrepreneurship Course Business Department has organized workshop Training program on entrepreneurship Course for lecturers from seven Colleges of Technology on Sep 3, 2015.

Entrepreneurship in HCT Semester Pass % Fail % Total Sem 3 2014 -15 756 93% 57 7% 813 Sem 1 2015 -16 962 93% 68 7% 1030 Sem 2 2015 -16 663 96% 27 4% 690 Sem 3 2015 -16 652 98% 14 2% 666 Sem 1 2016 -17 950 96% 37 4% 987 Sem 2 2016 -17 618 96% 25 4% 643

Entrepreneurship in HCT

HCT- Entrepreneurship Cell HCT-Entrepreneurship Cell started functioning from Jan 2015. Its aim is to provide a forum for Students/ Stakeholders to network and share ideas, provide an environment that will foster innovation and entrepreneurship and help students cultivate and develop their own ideas. http: //www. hct. edu. om/hct-entrepreneurship-cell

HCT- Entrepreneurship Cell

HCT- Entrepreneurship Cell Participation in the 2 nd Seeh Al Shamekat forum Review at Sultan Qaboos University January 2015 and the debate of innovation and creativity Week. (February 2015)

HCT- Entrepreneurship Cell 2. Participated in the Capital Markets Forum (CMF) 2015 , from (2 nd to 3 rd March 2015) , at Grand Hayat Muscat , ‘Empowering Private Businesses towards Long Term Sustainability

HCT- Entrepreneurship Cell

HCT- Entrepreneurial Achievement Sharikati Competition –INJAZ Program-2012 1 - Mathaq Company, HCT, the Best Student Company Prize, 5000 R. O Locally in Oman 2 - 3 D Company, HCT, the Best Marketing Plan, 1000 R. O 3 - Sahar El Remaal, HCT, the Best Creative Product, 1000 R. O 4 - Mathaq Company, HCT, the Best Student Company, 5000 R. O regionally in Qatar.

HCT- Entrepreneurial Achievement

HCT- Entrepreneurial Achievement Sharikati Competition –INJAZ Program-2013 Sharikati Competition is an event that is organized by Injaz Oman where in students from different colleges participate in the competition Two teams from HCT have proved their excellence and professionalism during presentation and interview in front of the evaluation panel. The following are HCT student companies who have won all the prizes of sharikati competition 2013: 1 - Green Kashkool Company, HCT, the Best student company prize, 5000 R. O 2 - Green Kashkool Company, HCT, the Best Marketing Plan prize, 1000 R. O 3 - Malaeb Company, HCT, the Best Creative Product Prize, 1000 R. O

HCT- Entrepreneurial Achievement

HCT- Entrepreneurial Achievement

HCT- Entrepreneurial Achievement Sharikati Competition –INJAZ Program-2014

HCT- Entrepreneurial Achievement Sharikati Competition –INJAZ Program-2015

HCT- Entrepreneurial Achievement Sharikati Competition –INJAZ Program-2016

HCT- Entrepreneurial Achievement NBO Competitions -2016

HCT- Entrepreneurial Achievement NBO Competitions -2016

Be entrepreneurial!