Entrepreneurial education glossary

An attribute used to describe something as broadly in the realm of enterprise and/or entrepreneurship. 

Include; taking the initiative, making things happen, managed risk taking, reflecting, communicating, pivoting and adapting, storytelling, determination and resilience.

Sometimes referred to as ‘entrepreneurial behaviours’.

Include; decision making, identifying opportunities, creative problem solving, innovating, strategic thinking, design thinking, negotiation, communicating, influencing, leadership.

Sometimes referred to as ‘enterprise competencies’.

An umbrella term used to talk about both ‘enterprise education’ and ‘entrepreneurship education’. At UQ, entrepreneurial education includes a breadth of learning opportunities, from the development of enterprising skills and an entrepreneurial mindset to applying enterprise competencies in a business or organisational context to create social, cultural, or economic value.

Enterprise education develops an entrepreneurial mindset and competencies through generating and applying ideas.

Entrepreneurship education applies enterprising competencies in a business or organisational context to create cultural, social or economic value.

The learning outcomes of entrepreneurial education provide clear statements of students’ learning that reflect entrepreneurial competencies and capabilities.

These could include; transferring discipline knowledge to innovative ideas, developing creative and critical thinking skills and challenging norms, practice problem-identification and problem-solving abilities with real-world issues, develop empathy and the ability to turn ideas into practical solutions that create value, and the ability to critically evaluate business ideas and opportunities.

A way of thinking for approaching problems, implementing innovations, finding solutions, sharing ideas and making change happen (Nadelson et al., 2018).

Sometimes referred to as ‘entrepreneurial thinking’.

Acting on opportunities and mobilising resources to create social, cultural, or economic value for others (Bacigalupo et al., 2016).

Entrepreneurship can take place in any context, including but not limited to; communities, private sector or public sector. It includes creating a new business or being entrepreneurial within an existing organisation, sometimes referred to as ‘intrapreneurship’. 

Making new ideas real, to create value (Kastelle, 2017).

Creates value by developing innovative solutions to social, cultural, and environmental challenges.

A new business in the early stages of development, based on an innovative product, service or business model. Sometimes referred to as a business ‘venture’.