Entrepreneurship theory, process, and practice in the 21st century

Abstract

If history is the true roadmap of our future then our economic resurgence will rise from the energy and passion that continually arises from the entrepreneurial spirit inside of individuals. Why? Because it is the result of individual innovation, passion and tenacity. Whether creating the innovations from inside or outside established organisations, it is that knowledge power that fuels a market economy. The one true enduring force is entrepreneurship and the innovation it creates. However, that same force surges in the growing field of entrepreneurship education. In the midst of this huge expansion of entrepreneurship education we have witnessed significant accomplishments in entrepreneurship theory, process, and practice. This article reviews all three components and highlights some of the critical questions that confront entrepreneurship education in the 21st century and how entrepreneurship educators can be the solutions to those questions.