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Abstract
In the past decade manifestation of innovation and entrepreneurship was considered as a vital element for an economy to flourish. Consequently, the need for infusing entrepreneurship into management education became apparent as the focal point of higher education in India was realigned to "learning by creating value". For a nation, students are the future human capital and empowering them ensures economic development of the country.
On the other hand, researchers found that leaders can influence both innovation and entrepreneurship in an organization. Leadership provides a vision; whereas entrepreneurship could be considered as finding an opportunity within the societal and economic gaps to start a business venture and innovation is a breakthrough thinking or creation that significantly impacts human life. The right Leadership encourages suitable organizational climate to support innovation and entrepreneurship in an organization.
News reports in the recent past stated that the number of start - up initiatives by Indian B-School students have decreased in recent past. Various reasons were cited for the same including huge education loans and societal pressure to take up stable jobs. However, at the same time number of start up initiatives from engineering graduates are much higher as compared to management graduates. This pose an interesting discussion point on whether the above mentioned anomaly is coming from difference at organizational leadership?
The present article designed for the "Perspective" section looks forward to discuss the need for encouraging innovation and entrepreneurship in Indian B-Schools and the leadership styles that encourage such initiatives in an organization.
Keywords: Innovation, Leadership, Management Education, B-Schools, Entrepreneurship,
Discussion
Entrepreneurship contains the ability to redesign the social structure of a nation by the means of economic and social inclusion. Consequently, many countries across the globe put emphasis on inculcating entrepreneurship abilities to the learners when...