Fostering Entrepreneurial Intentions: Exploring the Pathways of Innovation and Entrepreneurship Education: Literature Review

Abstract

Higher education is crucial for the growth of the knowledge economy. The fight between information and technology is indicative of a larger struggle between educational institutions and the skills they instill in their students. China's educational landscape has seen significant transformations since 1999, marked by a substantial rise in the number of students pursuing higher education. Individuals' own attitudes about entrepreneurship are significantly shaped by their subjective psychological situations, encompassing emotional and evaluative aspects. It is crucial to impart the skill of independent and creative thinking to students. Studies have shown that this teaching method has a substantial influence on students' motivation to start their own businesses. It is beneficial to promote individuals in following their entrepreneurial inclinations. Lack of sufficient education on innovation and entrepreneurship leads to a decline in entrepreneurial motivation. This is a probable outcome of the situation. Those who receive mentorship are more inclined to follow an entrepreneurial vocation compared to those who do not. Formal education is indispensable for individuals aspiring to initiate their own enterprises. One of the main factors is that when individuals uncover the complexities of entrepreneurship, it motivates them to venture out independently and establish their own enterprises. Multiple studies have demonstrated that education can effectively promote individuals' inclination towards entrepreneurship and facilitate entrepreneurial endeavors. Consequently, education has the capacity to enhance motivation and self-reliance. Entrepreneurs were more inclined to initiate or grow their businesses following their involvement in specialized entrepreneurship programs. Individuals who engage in entrepreneurship education programs have a higher probability of transitioning into entrepreneurs.