A Preliminary Exploration of the Development of Wisdom in Entrepreneurship Education

Authors

  • Jeffrey McNally jeff.mcnally@unb.ca
    University of New Brunswick - UNB.
  • Benson Honig bhonig@mcmaster.ca
    Stanford McMaster University, Hamilton, Canada.
  • Bruce Martin bruce.martin@ucd.ie
    University College Dublin - Ireland.

DOI:

10.14211/regepe.v7i1.797

Keywords:

Wisdom, entrepreneurship education, management education, syllabi, course outlines, textbooks

Abstract

Though the development of wisdom is a primary goal of higher education, it has received little empirical attention in an entrepreneurship education (EE) context. We conduct a preliminary, exploratory investigation into the teaching of wisdom in EE. Applying Sternberg’s (1998) balance theory of wisdom, we examine whether entrepreneurship courses deliver on the potential of wisdom development by studying the syllabi of 50 university entrepreneurship courses from around the world. We also examine the contents of the major entrepreneurship textbooks used in EE classrooms today. We find that both textbook use and course design are negatively related to the development of wisdom in the classroom. Theoretical and practical implications are discussed.

Downloads

Download data is not yet available.

Author Biographies

Jeffrey McNally, University of New Brunswick - UNB.

Ph.D. Faculty of Business Administration, University of New Brunswick Fredericton, New Brunswick, Canada. Co-Founder/Researcher • Entrepreneurship Education Evaluation Project. Associate Professor, joined the Faculty of Business Administration at the University of New Brunswick in 2011. He teaches at both the undergraduate and graduate levels in the BBA and MBA programs at UNB. 

Benson Honig, Stanford McMaster University, Hamilton, Canada.

Ph.D. Stanford University, Member of the Active Board of the Africa Academy of Management.

 

Bruce Martin, University College Dublin - Ireland.

PhD in Business Administration from McMaster University in Canada. Smurfit Graduate Business School. Department of Management, University College Dublin, Ireland.

References

Ames, R.T. (2010). The Analects of Confucius: A philosophical translation. Ballantine books.

Aristotle (1955). The ethics of Aristotle: The Nicomachean ethics (Trans. J. A. K. Thompson). Harmondsworth: Penguin Books.

Bacharach, S.B. (1989). Organizational theories: Some criteria for evaluation. Academy of Management Review, 14, 496-515. DOI: https://doi.org/10.5465/amr.1989.4308374

Baden, D, & Higgs, M. (2015). Challenging the perceived wisdom of management theories and practice. Academy of Management Learning and Education, 14, 539-555. DOI: https://doi.org/10.5465/amle.2014.0170

Baltes, P., & Staudinger, U. (2000). Wisdom - A metaheuristic (pragmatic) to orchestrate mind and virtue toward excellence. American Psychologist, 55, 122-135. DOI: https://doi.org/10.1037//0003-066X.55.1.122

Barley, S., & Kunda, G. (2004). Gurus, hired guns, and warm bodies. Itinerant experts in a knowledge economy. Princeton, N.J.: Princeton University Press.

Baron, R., & Shane, S. (2005). Entrepreneurship: A process perspective. Mason, OH: Thomson South-Western.

Barringer, B., & Ireland, D. (2011). Entrepreneurship: Successfully launching new ventures, 4th Edition. Upper Saddle River, NJ: Prentice Hall.

Beail, N. (1985). Repertory grid technique and personal constructs: Applications in clinical and educational settings. Croom Helm, Beckenham.

Bhidé, A. (2000). The origin and evolution of new businesses. New York: Oxford University Press. DOI: https://doi.org/10.1093/oso/9780195131444.001.0001

Boli, J., Ramirez, G., & Meyer, J. (1985). Explaining the origins and expansion of mass education. Comparative Education Review, 29, 145-170. DOI: https://doi.org/10.1086/446504

Bourdieu, P. (2005). The social structures of the economy. Malden, MA: Polity Press.

Bourdieu, P. (1992). Language and symbolic power. Cambridge, MA: Harvard University Press.

Bygrave, W. (1997). The portable MBA in entrepreneurship (2nd Ed.). New York: John Wiley & Sons.

Bygrave, W., & Zacharakis, A. (2008). Entrepreneurship. New York: John Wiley & Sons.

Byrne, J., Fayolle, A., & Toutain, O. (2014). 15. Entrepreneurship education: what we know and what we need to know. In E. Chell, and M. Karata-Ezkan (Eds.) Handbook of Research on Small Business and Entrepreneurship, 261-288. Cheltenham, UK: Edward Elgar. DOI: https://doi.org/10.4337/9781849809245.00025

Cameron, K.S., Ireland, R.D., Lussier, R.N., New, J.R., & Robbins, S.P. (2003). Management textbooks as propaganda. Journal of Management Education, 27, 711-729. DOI: https://doi.org/10.1177/1052562903257942

Cohen, J. (1992). A power primer. Psychological Bulletin, 112 (1), 155-159. DOI: https://doi.org/10.1037//0033-2909.112.1.155

Copenhagen Business School (2016). The Studio at Copenhagen Business School. Retreived January 9, 2016 from http://www.cbs.dk/en/research/cbs-research-projects/major-research-projects/studio-cbs

Delmar F., & Shane S. (2003). Does business planning facilitate the development of new ventures? Strategic Management Journal, 24, 1165-1185. DOI: https://doi.org/10.1002/smj.349

Delmar F., & Shane S. (2004). Legitimating first: Organizing activities and the survival of new ventures. Journal of Business Venturing, 19, 385-410.

Delmar F., & Shane S. (2004). Legitimating first: Organizing activities and the survival of new ventures. Journal of Business Venturing, 19, 385-410. DOI: https://doi.org/10.1016/S0883-9026(03)00037-5

DeTienne, D.R., & Chandler, G.N. (2004). Opportunity identification and its role in the entrepreneurial classroom: A pedagogical approach and empirical test. Academy of Management Learning & Education, 3, 242-257. DOI: https://doi.org/10.5465/amle.2004.14242103

DiMaggio, P. J. and Powell, W. W. (1983). The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. American Sociological Review, 48, 147-160. DOI: https://doi.org/10.2307/2095101

Dollinger, M.J. (1995). Entrepreneurship: Strategies and resources. Homewood, IL: Austen Press.

ESCE Business School (2016). Improbable. Retreived January 9, 2016 from http://www.cbs.dk/en/research/cbs-research-projects/major-research-projects/studio-cbs http://improbable.strikingly.com/#documentary http://www.nyu.edu/about/university-initiatives/entrepreneurship-at- nyu/inspire/entrepreneurs-festival.html http://entrepreneurshipfestival.eu/

Edelman, L., Manolova, & Brush, C. (2008). Entrepreneurship education: Correspondence between the practices of nascent entrepreneurs and textbook prescriptions for success. Academy of Management Learning & Education, 7, 56-70. DOI: https://doi.org/10.5465/amle.2008.31413862

Fayolle, A., Gailly, B., & Lassas-Clerc, N. (2006). Assessing the impact of entrepreneurship education programmes: A new methodology. Journal of European Industrial Training, 30, 701-720. DOI: https://doi.org/10.1108/03090590610715022

Fayolle, A., Lassas-Clerc, N., & Tounés, A. (2009). The effects of real versus virtual business planning as learning process. Paper presented at the Babson College Entrepreneurship Research Conference, Massachusetts.

Fayolle, A. (2013). Personal views on the future of entrepreneurship education. Entrepreneurship and Regional Development, 25, 692-701. DOI: https://doi.org/10.1080/08985626.2013.821318

Fiet, J.O. (2000a). The theoretical side of teaching entrepreneurship. Journal of Business Venturing, 16, 1-24. DOI: https://doi.org/10.1016/S0883-9026(99)00041-5

Fiet, J.O. (2000b). The pedagogical side of entrepreneurship theory. Journal of Business Venturing, 16, 101-117. DOI: https://doi.org/10.1016/S0883-9026(99)00042-7

Fornaciari, C. J., & Lund Dean, K. (2014). The 21st-Century Syllabus: From Pedagogy to Andragogy. Journal of Management Education, 38, 701-723. DOI: https://doi.org/10.1177/1052562913504763

Galloway, L., & Brown, W. (2002). Entrepreneurship education at university: A driver in the creation of high growth firms? Education + Training, 44, 398–404. DOI: https://doi.org/10.1108/00400910210449231

Gijselaers, W. A. (1996). Connecting problem-based practices with educational theory. New Directions for Teaching and Learning, 68, 13-21. DOI: https://doi.org/10.1002/tl.37219966805

Gorman, G., Hanlon, D., & King, W. (1997). “Some research perspectives on entrepreneurship education, enterprise education and education for small business management: A ten year literature review.” International Small Business Journal, 15(3), 56-77. DOI: https://doi.org/10.1177/0266242697153004

Govindji, R. (2014). The role of wisdom in organizational leadership (unpublished doctoral thesis). Aston University, Birmingham, UK.

Grant, J. D. (2006). The quiet Americans: Formative context, the Academy of Management leadership, and the management textbook, 1936-1960. Management & Organizational History, 1(2), 201–224. DOI: https://doi.org/10.1177/1744935906064088

Hindle, K., & Cutting, N. (2002). Can applied entrepreneurship education enhance job satisfaction and financial performance? An empirical investigation in the Australian pharmacy profession. Journal of Small Business Management, 40, 162-167. DOI: https://doi.org/10.1111/1540-627X.00048

Hisrich, R.D., Peters, M.P., & Shepherd, D.A. (2009). Entrepreneurship (8th edition). New York: McGRaw-Hill/Irwin.

Honig, B. (2004). Entrepreneurship education: Toward a model of contingency-based business planning. Academy of Management Learning and Education, 3, 258-273. DOI: https://doi.org/10.5465/amle.2004.14242112

Honig, B., & Bedi, A. (2012). The fox in the hen house: A critical examination of plagiarism among members of the Academy of Management. Academy of Management Learning & Education, 11, 101-123. DOI: https://doi.org/10.5465/amle.2010.0084

Honig, B., & Karlsson, T. (2004). Institutional forces and the written business plan. Journal of Management, 30, 29-48. DOI: https://doi.org/10.1016/j.jm.2002.11.002

Honig, B., & Samuelsson, M. (2012). Planning and the Entrepreneur: A longitudinal Examination of Nascent Entrepreneurship in Sweden. Journal of Small Business Management, 50, 365-388. DOI: https://doi.org/10.1111/j.1540-627X.2012.00357.x

Hunter, J.E., & Schmidt, F.L. (2004). Methods of meta-analysis (2nd ed.). Thousand Oaks, CA: Sage Publications, Inc. DOI: https://doi.org/10.4135/9781412985031

Karlsson, T., & Honig, B. (2009). Judging a business by its cover: An institutional perspective on new ventures and the business plan. Journal of Business Venturing, 24, 27-45. DOI: https://doi.org/10.1016/j.jbusvent.2007.10.003

Klapper, R., & Tegtmeier, S. (2010). Innovating entrepreneurial pedagogy: examples from France and Germany. Journal of Small Business and Enterprise Development, 17(4), 552–568. DOI: https://doi.org/10.1108/14626001011088723

Kolvereid, L., & Moen, Ø (1997). Entrepreneurship among business graduates: Does a major in entrepreneurship make a difference? Journal of European Industrial Training, 21, 154–160. DOI: https://doi.org/10.1108/03090599710171404

Koschmann, T. (1999). Toward a dialogic theory of learning: Bakhtin's contribution to understanding learning in settings of collaboration. International Society of the Learning Sciences, 38, 308-313. DOI: https://doi.org/10.3115/1150240.1150278

Krueger, N. (1993). The impact of prior entrepreneurial exposure on perceptions of new venture feasibility and desirability. Entrepreneurship Theory and Practice, 18, 5-21. DOI: https://doi.org/10.1177/104225879301800101

Krueger, N. (2009). The microfoundations of entrepreneurial learning and... education: the experiential essence of entrepreneurial cognition. In G. P. West, E. Gatewood & K. Shaver (Eds.), Handbook of University-wide Entrepreneurship Education (35-59). Cheltenham: Edward Elgar Publishing. DOI: https://doi.org/10.4337/9781848449480.00010

Kunzmann, U., & Baltes, P.B. (2003). The psychology of wisdom: Theoretical and empirical challenges. Cambridge, UK: Cambridge University Press.

Kuratko, D.F., & Hodgetts, R.M. (2004). Entrepreneurship: Theory, process, practice. Mason, OH: South-Western Publishers.

Martin, B., McNally, J.J., & Kay, M., (2013). Examining the formation of human capital in entrepreneurship: A meta-analysis of entrepreneurship education outcomes. Journal of Business Venturing, 28, 211-224. DOI: https://doi.org/10.1016/j.jbusvent.2012.03.002

Matlay, H. (2005). Researching entrepreneurship and education. Part 1: What is entrepreneurship and does it matter? Education & Training, 47, 665-677. DOI: https://doi.org/10.1108/00400910510633198

Matlay, H. (2006). Researching entrepreneurship and education. Part 2: What is entrepreneurship education and does it matter? Education & Training, 48, 704-718. DOI: https://doi.org/10.1108/00400910610710119

McKenna, B., Rooney, D., & Kenworthy, A.L. (2013). Introduction: Wisdom and management – a guest-edited special collection of resource reviews for management educators. Academy of Management Learning & Education, 12, 306-311. DOI: https://doi.org/10.5465/amle.2013.0112

Mentoor, E., & Friedrich, C. (2007). Is entrepreneurial education at South African universities successful? An empirical example. Industry and Higher Education, 21, 231-232. DOI: https://doi.org/10.5367/000000007781236862

Meyer, J, & Rowan, B. (1977). Institutionalized organizations: Formal structure as myth and ceremony. American Journal of Sociology, 83, 340-363. DOI: https://doi.org/10.1086/226550

Mintzberg, H. (2004). Managers not MBAs: A hard look at the soft practice of managing and management development. San Francisco, CA: Barrett-Koehler Publishers Inc.

Mir, A. (2003). The hegemonic discourse of management texts. Journal of Management Education, 27, 734-738. DOI: https://doi.org/10.1177/1052562903257944

Ollila, S., & Williams-Middleton, K. (2011) The venture creation approach: integrating entrepreneurial education and incubation at the university. Int. J. Entrepreneurship and Innovation Management, 13, 161–178. DOI: https://doi.org/10.1504/IJEIM.2011.038857

Oosterbeek, H., van Praag, M. & Ysselstein, A. (2010). The impact of entrepreneurship education on entrepreneurship skills and motivation. The European Economic Review, 54, 442-454. DOI: https://doi.org/10.1016/j.euroecorev.2009.08.002

Orton, D. J., & Weick, K. E. (1990). Loosely coupled systems: A reconceptualization. Academy of Management Review, 15, 203-223. DOI: https://doi.org/10.5465/amr.1990.4308154

Patel, N. (2009). Quicksprount (blog) Dec, 15, 2009. Accessed Jan. 6, 2016. Why entrepreneurs shouldn’t write business plans. http://www.quicksprout.com/2009/12/15/why-you-shouldnt-write-a-business-plan/.

Paul, R. W., (2001) Dialogical and dialectical thinking. In A. L. Costa, A. L. (Ed.) Developing minds: A resource book for teaching thinking (3rd ed.). Alexandria, VA: ASCD Press.

Pfeffer, J., & Fong, C. T. (2004). The business school “business”: Some lessons from the U.S. experience. Journal of Management Studies, 41, 1501-1520. DOI: https://doi.org/10.1111/j.1467-6486.2004.00484.x

Piaget, J. (1950). The psychology of intelligence. London: Routledge and Kegan.

Pittaway, L., & Cope, J. (2007). Entrepreneurship education: A systematic review of the evidence. International Small Business Journal, 25, 479-510. DOI: https://doi.org/10.1177/0266242607080656

Pittaway, L., Hannon, P., Gibb, A., & Thompson, J. (2009). Assessment practice in enterprise education. International Journal of Entrepreneurial Behaviour & Research, 15(1), 71-93. DOI: https://doi.org/10.1108/13552550910934468

Platt, J.R. (1964). Strong inference. Science, 146, 347-353. DOI: https://doi.org/10.1126/science.146.3642.347

Polanyi, M. (1966). The tacit dimension. Garden City, New York: Doubleday.

Rowley, J. (2006). Where is the wisdom that we have lost in knowledge? Journal of Documentation, 62, 251-270. DOI: https://doi.org/10.1108/0022041061065332

Sarasvathy, S. (2001). Effectuation: Toward a theoretical shift from economic inevitability to entrepreneurial contingency. Academy of Management Review, 26, 243-263. DOI: https://doi.org/10.5465/amr.2001.4378020

Shane, S.A. & Venkataraman, S. (2000). The promise of entrepreneurship as a field of research. Academy of Management Review, 25, 217-226. DOI: https://doi.org/10.5465/amr.2000.2791611

Shotter, J., & Tsoukas, H. (2014). In search of phronesis: Leadership and the art of judgment. Academy of Management Learning & Education, 13: 224-243. DOI: https://doi.org/10.5465/amle.2013.0201

Sitkin, S. (1996). Learning through failure: The strategy of small losses. In M. Cohen and L. Sproull (Eds.), Organizational learning (541-577). Thousand Oaks: Sage Publications.

Solansky, S. 2014. Education and experience impact leadership development psychological empowerment. Leadership and Organization Development Journal, 35, 412-426. DOI: https://doi.org/10.1108/LODJ-07-2012-0091

Solomon, G. (2007). An examination of entrepreneurship education in the United States. Journal of Small Business and Enterprise Development, 14(2), 168–182. DOI: https://doi.org/10.1108/14626000710746637

Sternberg, R. J. (1990). Wisdom: Its nature, origins and development. Cambridge: Cambridge University Press. DOI: https://doi.org/10.1017/CBO9781139173704

Sternberg, R.J. (1998). A balance theory of wisdom. Review of General Psychology, 2, 347-365. DOI: https://doi.org/10.1037//1089-2680.2.4.347

Sternberg, R.J. (2000). Intelligence and wisdom. In R. Sternberg (Ed.), Handbook of intelligence: 631–649. Cambridge: Cambridge University Press. DOI: https://doi.org/10.1017/CBO9780511807947.029

Sternberg, R. (2001). Why schools should teach for wisdom: The balance theory of wisdom in educational settings. Educational Psychologist, 36, 227-245. DOI: https://doi.org/10.1207/S15326985EP3604_2

Timmons, J. & Spinelli, S. (2008) New venture creation: Entrepreneurship for the 21st century (8th Ed.). New York: McGraw Hill.

Weick, K.E. (1976). Educational organizations as loosely coupled systems. Administrative Science Quarterly, 21, 1-19. DOI: https://doi.org/10.2307/2391875

Williams-Middleton, K., & Donnellon, A. (2014). Personalizing entrepreneurial learning: a pedagogy for facilitating the know why. Entrepreneurship Research Journal, 4(2), 167-204. DOI: https://doi.org/10.1515/erj-2013-0040

Woods, D. (1985). Problem-based learning and problem-solving. In D. Boud (Ed.), Problem-Based Learning in Education for the Professions (19-42). Sydney: HERDSA.

Downloads

Published

2018-01-04

Métricas


Visualizações do artigo: 3573     PDF downloads: 1115

How to Cite

McNally, J., Honig, B., & Martin, B. (2018). A Preliminary Exploration of the Development of Wisdom in Entrepreneurship Education. REGEPE Entrepreneurship and Small Business Journal, 7(1), 01–34. https://doi.org/10.14211/regepe.v7i1.797

Issue

Section

Research article (Theoretical-empirical)

Similar Articles

<< < 4 5 6 7 8 9 10 11 12 > >> 

You may also start an advanced similarity search for this article.