Enterprise

An enterprising student/graduate is capable of generating original ideas and making them happen in response to identified needs and opportunities. Skills and competencies can include: creative problem solving, design thinking, negotiation, communicating, influencing and leadership.   

Entrepreneurial

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

Entrepreneurial capabilities

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’.

Entrepreneurial competencies

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

Sometimes referred to as ‘enterprise competencies’.

Entrepreneurial education

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.

Entrepreneurial learning

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.

Entrepreneurial mindset

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’.

Entrepreneurship

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’. 

Innovation

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

Social entrepreneurship

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

Start-up

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’.

References

Bacigalupo, M., Kampylis, P., Punie, Y. & Van den Brande, G. (2016) EntreComp: The Entrepreneurship Competence Framework. European Commission. Available at: https://ec.europa.eu/jrc/en/publication/eur-scientific-and-technical-research-reports/entrecomp-entrepreneurship-competence-framework (Accessed: 03/03/2018).

Kastelle, T. (2017) 'We Don't Need More Mousetraps!'. The Discipline of Innovation. [Online]. Available at: http://timkastelle.org/blog/2017/03/we-dont-need-more-mousetraps/.

Nadelson, L. S., Palmer, A. D. N., Benton, T., Basnet, R., Bissonnette, M., Cantwell, L., Jouflas, G., Elliott, E., Fromm, M. & Lanci, S. (2018) 'Developing Next Generation of Innovators: Teaching Entrepreneurial Mindset Elements across Disciplines'. International Journal of Higher Education, 7 (5).