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This paper explores business model innovation that aims to innovate the Nigerian higher education sector. A focus group and semi-structured interviews among higher education Nigerian academics, students and graduates are used to explore the new business model for Nigerian higher education. The study found that, in order to achieve efficient and effective innovation, Nigerian higher education need to collaborate with industry, professionals and other stakeholders, such as company management and government policy-makers, to transform the entire higher education sector. The study found that curriculum design and delivery needs to blend theoretical understanding and real-life experience from industry with social cultural influences related to the Nigerian environment. This will enable lecturers to organise their teaching and assessments in such a way that students can learn around theoretical and practical study themes. The curriculum design and delivery needs to link the core ideas to challenging problems in society, nationally and globally. Hence, this approach will support business start-ups and social entrepreneurship, which resolve key societal problems. The study suggests that higher education executives, directors, deans, heads of department, and even individual academics need to emulate innovative business managers to create value-adding products and services from innovative research and academic work. This will help the Nigerian higher education institutions to develop and offer new products and services to different customer segments, differentiated according to customer needs.
Universities across the world have been converging towards entrepreneurship, by taking a more active role in society and economy, as well as educating students. This article assesses entrepreneurship education in Nigeria in the context of the policies and strategies of the Afe Babalola University Ado-Ekiti, a private higher education, to generate innovation out of academic knowledge production. The article considers four facilitators of entrepreneurship, namely, incentive structures, supporting infrastructure, management style, and corporate culture, and submits that the University’s combination of high academic standards, quality and stability of its leadership, vocational orientation, and significant incentives for good performance are enabling factors stimulating its entrepreneurial developments. The objective of this article is to offer a blueprint for policy makers, curriculum developers, and other stakeholders responsible for developing and implementing entrepreneurship promotion efforts in Nigerian universities.
2021 •
There have not been any (breakthrough) innovations in education in the past 100 years. We mostly teach and learn the same way as our ancestors have done and there haven’t yet been any innovations that allow for faster or better learning or teaching. As a result there is a growing need for enhanced education technology (edtech) in the field of education. As innovation often comes from startups, this article examines which innovative business models are developed outside higher education institutions (in the edtech field), especially by entrepreneurs. Previous research has discussed the need for edtech innovation in educational institutions and has given concrete examples of how to improve present higher education models, technologies and procedures. Yet, only a few studies have analysed and compared edtech firms between different countries. The goal of this study is to analyse the core elements of innovative business models in the field of edtech start-ups in higher education and to ...
Summary: The environment for higher education in the United States is changing rapidly. The effects of this changing environment will not be the same at all institutions, however. This article uses a business model approach to look at some of these environmental changes from a perspective that gives leaders tools to better understand how various changes might impact their own institutions, and how they might best respond to those impacts.
Journal of Education and Practice
Integrating Academic Management with Business Planning Activities: The Case of University of Education, Winneba (UEW), Ghana2015 •
Universities across the world have been converging towards entrepreneurship, by taking a more active role in society and economy, as well as educating students. This article assesses entrepreneurship education in Nigeria in the context of the policies and strategies of the Afe Babalola University Ado-Ekiti, a private higher education, to generate innovation out of academic knowledge production. The article considers four facilitators of entrepreneurship, namely, incentive structures, supporting infrastructure, management style, and corporate culture, and submits that the University’s combination of high academic standards, quality and stability of its leadership, vocational orientation, and significant incentives for good performance are enabling factors stimulating its entrepreneurial developments. The objective of this article is to offer a blueprint for policy makers, curriculum developers, and other stakeholders responsible for developing and implementing entrepreneurship promotion efforts in Nigerian universities. Keywords: Education; Entrepreneur; Entrepreneurship; Entrepreneurship Education; Afe Babalola University Ado-Ekiti
European Journal of Education Studies
Fostering Creativity and Innovation for Business Success among Nigerian University Students: General Principles2020 •
There is a new policy shift in the Nigerian university educational policy which promotes entrepreneurial education to facilitate entrepreneurial pursuit after graduation. This is in response to the growing rate of unemployment among the young population especially university graduates because governments at various levels cannot provide enough employment for the teeming population of youth who needs jobs. Entering the world of business or entrepreneurship could be challenging especially within the context of the ever-evolving 21st-century business climate. Business success thus becomes a huge concern for entrepreneurs and other stakeholders in the growth and development of the Nigerian society and economy. This apprehension becomes magnified with Nigeria’s myriads of economic challenges. This work aims at contributing to the discourse on consolidating entrepreneurial practices in a developing economy such as Nigeria by targeting students at different levels of study in the university system. While exposing the concepts of creativity and innovation, the work proposes that the preparation of university students for business or entrepreneurial pursuit should include deliberate creativity and innovation through the use of structured tools and deliberate methods and principles for business success in a highly competitive and dynamic business world. This proposal becomes relevant within the context of the sustainability of businesses in the ever-challenging Nigerian economy. Conclusively, the paper avers that the principles and strategies canvassed will facilitate entrepreneurial success when these university students eventually become entrepreneurs.
Delta Business Education Journal
ENTREPRENEURSHIP EDUCATION: MANAGING CHALLENGES OF TRANSFORMATION IN TERTIARY INSTITUTIONS IN THE 21ST CENTURY NIGERIA.2019 •
The study focused on management of challenges of transformation in entrepreneurship education in tertiary institutions in the 21st century Nigeria. Three research questions guided the study. Descriptive survey research design was adopted. The population for the study was 83 entrepreneurship education lecturers. The entire population was studied. The research instrument was a structured questionnaire titled “Management of Entrepreneurship Education Challenges Questionnaire” (MEECQ). Three experts validated the instrument and an overall reliability correlation co-efficient of 0.78 was obtained using Cronbach Alpha method. Out of the 83 copies of the instrument distributed, 78 copies were successfully retrieved and used for data analysis. Mean ratings and standard deviation were used to answer the research questions. The study revealed that institution-industry partnership and retraining of lecturers contribute to effective management of entrepreneurship education challenges to a high extent while provision of adequate funding contributes to a very high extent. The study concludes that institution-industry partnership, retraining of lecturers and provision of adequate funding are strategies that are instrumental in management of entrepreneurship education challenges in tertiary institutions in the 21st century Nigeria. The study recommended that administrators of tertiary institutions in Nigeria should adopt and effectively implement well-articulated institution-industry partnership strategies to ensure that the actual needs of industries are addressed. The study also recommended that administrators of tertiary institutions in Nigeria should develop and implement strategies for retraining of lecturers teaching entrepreneurship courses so as to keep them abreast with contemporary trends and developments in entrepreneurship education in the 21st century.
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