On my tours of the universities – I see engineering faculties doing engineering projects, I see medical schools practicing medicine. So why dont business schools set up businesses? Teaching business models and the hard skills of strategy finance, IT, marketing, branding, product development is great – but entrepreneurs have something special – the spirit – courage, they build relationships, take action, have mental toughness and deal with setbacks – think on their feet – they are passionate about what they do – they have a mindset aligned to success. This stuff cannot be taught it has to be coached and to be honest I dont see a lot of it happening.
Business schools need to put their great thinking into action and help their undergraduates/post graduates explore the option of setting up companies – many set up departments of entrepreneuship and too be honest they are everything but. Are they equipped to be enterprising?