Skills (The Cambridge Judge Business Debate Podcast series)
Sep 16, 2019
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Guests Jaideep Prabhu, Bruno Cotta, and Mark Andrews discuss skills, entrepreneurship accessibility, continuous learning, non-degree programs, universities' challenges and role of public policy in funding research and education.
Entrepreneurship provides opportunities for individuals in both developing and developed countries, potentially becoming a key solution for job creation in the future.
Building a diverse team with complementary skills is vital for entrepreneurial success, as entrepreneurship is a team sport.
Deep dives
The importance of entrepreneurship and innovation
Entrepreneurship and innovation are increasingly important in the 21st century. Startups are challenging large corporations and have the ability to do things that only large companies or governments could do 10 or 20 years ago. This shift has led to governments around the world focusing on entrepreneurship as large companies move towards automation and fewer people are employed. The future of job creation may rely on individuals becoming job makers rather than job takers, as entrepreneurship provides opportunities for people in both developing and developed countries.
The necessary skills for entrepreneurs
The fundamental skill for entrepreneurs in the digital age is the ability to deal with uncertainty. Successful entrepreneurs are resilient and adaptable, open to changing their ideas or business direction if needed. Mindset is vital, as individuals need to have the motivation to achieve goals and make a difference in the world. While technology skills are becoming increasingly important, entrepreneurs can surround themselves with a team that possesses the necessary technological expertise. Additionally, entrepreneurship is a team sport, and building a diverse team with complementary skills can contribute to success.
The role of education and digital learning in entrepreneurship
Education plays a crucial role in entrepreneurship, providing knowledge and skills necessary for success. Traditional classroom settings are evolving, with blended learning programs that combine face-to-face interaction and digital learning. These programs allow entrepreneurs in various locations to learn and apply knowledge while collaborating with diverse peers. Online courses, both within degree programs and standalone non-degree programs, provide accessible and flexible learning opportunities. However, the challenge remains in bridging the digital divide and ensuring that everyone has access to these educational resources.
The need for public policy and funding in supporting lifelong learning
In the face of changing work environments and the importance of continuous skills development, public policy has a role to play. Governments must recognize the changing nature of work and education and provide funding to support accessible and affordable education. Digital and blended learning can help reduce costs and extend the reach of education, but efforts must be made to make these tools accessible to all individuals. Public policy can also support the translation of high-quality research into practical and manageable educational resources, ensuring that research findings have a meaningful impact on education and training.
In this episode, joining podcast host Michael Kitson, University Senior Lecturer in International Macroeconomics at Cambridge Judge Business School, are Cambridge Judge colleagues Jaideep Prabhu, Professor of Marketing; Bruno Cotta, Executive Director of the Entrepreneurship Centre; and Mark Andrews, Digital Learning Programme Manager.
This is the 15th in a series of "Cambridge Judge Business Debate" podcasts featuring faculty and others associated with Cambridge Judge Business School and the broader Cambridge community.
This latest podcast focuses on skills – relearning on the job, what entrepreneurs need to know, the role of blended learning, and the part played by public policy.
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