Impact of Entrepreurship Education

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International Entrepreneurship and Management Journal 1, 27–43, 2005 c 2005 Springer Science + Business Media, Inc. Manufactured in The United States. Impact of Entrepreneurship Education: A Comparative Study of the U.S. and Korea SANG M. LEE slee1@unl.edu University Eminent Scholar and Chair, Department of Management, University of Nebraska-Lincoln, 209 CBA, Lincoln, NE 68588-0491 DAESUNG CHANG Professor, School of Business Administration, Kyonggi University, Korea SEONG-BAE LIM Assistant Professor, Jones School of Business, SUNY-Geneseo dschang28@hanmail.net lim@geneseo.edu Abstract. Over the last two decades, entrepreneurship has emerged as a mainstream business discipline in the United States. Even after the collapse of the dotcom phenomenon, the global explosion of e-business and new business opportunities created by advances in information and telecommunication technologies (ICT) have widely popularized entrepreneurship for new venture creation. But while entrepreneurship is becoming more prevalent throughout the world, its education by country differs according to cultural context. This paper presents the results of a study on the impact of entrepreneurship education in the U.S. and Korea. Keywords: entrepreneurship education, venture creation, culture, competitiveness Entrepreneurship education provides students motivation, knowledge, and skills essential for launching a successful venture company (Cho, 1998). Nevertheless, the extent of entrepreneurship education by country differs according to each country’s unique cultural context (Lee and Peterson, 2000). For example, high school students in the U.S. are already quite familiar with entrepreneurship. On the other hand, the city government of Tokyo, Japan officially announced its plan to launch entrepreneurship education for the first time to high school students in January, 2001 (Chosun Daily

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