Management of entrepreneurship and management of knowledge and wisdom Essay Example

of graduate unemployment.

International organizations like the OECD and World Bank, along with national organizations, suggest that promoting entrepreneurship within higher education can contribute to economic development and employment. Universities and higher education institutions play a crucial role in national development by acting as catalysts for sustainable development through encouraging student participation and entrepreneurialism.Education and training play a significant role in the political and social engagement of students and entrepreneurs who bring innovative ideas to businesses for success. The objective of this study is to evaluate the entrepreneurship personality traits at Iranian universities and propose strategies for enhancing these traits in students. It is crucial to address graduate unemployment and promote market competitiveness by focusing on entrepreneurship management, which involves identifying strengths and weaknesses, nurturing entrepreneurial individuals, creating job opportunities, improving human resources, developing markets, enhancing technology, and increasing social welfare. The relationship between entrepreneurship and economic growth has led to its recognition as a critical factor in new economic theories (Audretsch, 2002; Zoltan 2006). The lack of skills and abilities among graduates in starting and running businesses poses a specific challenge faced by communities. To address this challenge, fostering an entrepreneurial culture is essential in preparing university graduates. Therefore, it is imperative to incorporate entrepreneurship education into university studies throughout the course of studies to transform students' attitudes towards self-employment while equipping them with the necessary skills and personality traits for managing a new business.Governments should develop a strategic plan to enhance entrepreneurs' capabilities through entrepreneurship education in all fields, as entrepreneurial management plays a crucial role. Additionally, entrepreneurship is recognized globally as a key factor in increasing production, employment, economic growth, and addressing unemployment

issues. In Iran, there has been a notable shift where university graduates are now more inclined towards entrepreneurship instead of joining government departments. This active involvement in the economic sector by alumni and students supports the authorities' decision to enter international markets. While efforts have been made to promote education and support entrepreneurship in Iran, these actions face challenges that need to be addressed over the next decade. In 2002, the government instructed specific ministries, including the Ministry of Science Research and Technology, to prioritize entrepreneurship. The ministry initiated KARAD project with the purpose of introducing entrepreneurship within the academic community. However, despite setting goals and strategies to highlight its importance, this initiative failed to foster entrepreneurial mindset and creativity among Persian academia. Some attribute this failure to conservative and extraverted personality traits exhibited by Persians when it comes to taking control.In addition, the absence of government assistance, economic instability, and cultural aspects are also factors that hinder the advancement of entrepreneurship in Iran. Cultural values have a profound impact on the behavior and character traits of university students. Research indicates that qualities like ambition, willingness to take risks, self-discipline, self-assurance, and eagerness for challenges enhance the probability of individuals becoming entrepreneurs - all crucial attributes for managing entrepreneurship among Iranian students. This research intends to evaluate the personality traits of student entrepreneurs in Iran by recognizing their strengths and weaknesses. By considering cultural and situational factors, a novel strategy and policy will be formulated.