Competency Mapping as a Powerful Tool for Value Creation in the Entrepreneurial Education

Abstract

In India, organizations have been conducting the exercise of competency mapping, but it still remains an unexplored process in the education sector despite the growing level of awareness. When it comes to entrepreneurship education, a structured effort to build entrepreneurial competencies helps yield results. Here, an important question arises “Are good entrepreneurs born that way, or can entrepreneurial skills be taught?” This is where it becomes imperative to correlate basic competencies of students with the specific competencies required to be an entrepreneur. The paper proposes a competency-based education (CBE) model which focuses on the identification of the “competency clusters” relevant for different types of professions including entrepreneurship. The follow-up study describes how a competency-based education model can be effectively used to integrate related knowledge, skills and attitude that are observable, measurable, and necessary to perform a job independently at a prescribed proficiency level. Based on findings, the paper gives suggestions as to how a good “competency-based education system” can help in developing an action-based curriculum especially for an entrepreneurship course.