Education is a critical factor that helps to shape an individual’s life. It transmits people’s values that are desired to be preserved. Allowing an environment that offers the access to education and training, will be important on fostering the entrepreneurial spirit. Socialization processes inside schools serve as a major role, due the strong influences that the time spent with others have. (Vargas, 2012)
One important factor that develops the entrepreneurial culture in Mexico is education. Universities and educational institutions have to be encouraged to generate the interest on creating relevant educational material in terms of entrepreneurship (Fabre & Smith, 2003). Universities should focus on the support of courses and careers of entrepreneurship. Through the identification of innovation programs, and with the implementations of scholarships, students can be fostered to be immersed into this culture. For example, the use of business simulation that show the students in how to create a business can support the fostering of entrepreneurial culture. (Observatorio Nacional del Emprendedor, 2015).
Schools & Universities should measure the effectiveness of their entrepreneurial education not only with the skills that the students might learn, but also with the increased motivation that they could have, how they behave in their learning methods, what are the manners that they develop their creativity, self-confidence and be prepared for their future paths. Creating the idea that entrepreneurship is just creating business for profit is not enough. Entrepreneurial education should aim to connect the students with the critical thinking, and go beyond of what the community needs in order to improve their well-being, decrease poverty and it has a sustainable development. (ILO & UNESCO, 2006)
Students must be encouraged to think innovatively, and analyze their career and employments options. The most successful educational program are the ones that promote and stimulate the entrepreneurial spirit by driving the new talents and modify their mindset so that they turn into creative and imaginative individuals who can drive change. The students should be able to address important economic, environmental, health and food security issues, promoting in themselves the idea of helping in the reduction of youth vulnerability, social marginality and poverty and the reduction of the gap between social classes. (ILO & UNESCO, 2006)
Experts suggest to improve the quality of the entrepreneurial programs, and that they must be given to the population at early age from primary up to graduate school. It is needed to professionalize also institutions like incubators and accelerators with specialized programs that support the education on topics like law, accounting, finance, market research, creativity, innovation, industries, design and international business. All these activities have to be impulse by the academia, but also from the support institutions for the entrepreneurs’ community. One possible recommendation to these programs is to create a tracking and mentoring where successful entrepreneurs give the time to transfer their experiences to early entrepreneurs. For this, it should be created a continuous learning infrastructure at individual and collective level. Also this way, the mentors could turn into investors and source businesses that are tech based with a high growth potential. Therefore, the development of investors is being created in different sectors that could have a greater impact on the economic development (Baños-Monroy, et al., 2017).
Another key aspect about entrepreneurial education is the media attention that it receives. If there are not enough reporters and editors who are trained in topics about entrepreneurship, then the spread of this topics could be limited. Therefore, it is recommended to create training programs for the media in order to increase the awareness on this topics, due to its importance on social and cultural norms in the medium and long term (Baños-Monroy, et al., 2017).
Entrepreneurial education is not only about the preparation of the individual to become a businessman. Entrepreneurial education also includes the attention to the entrepreneurial spirit, as it means in the stimulation of attitudes to have initiative, be perseverant, aim to objectives among other ideas. Entrepreneurial education should aim to develop the entrepreneurial spirit with the potential of be in the all the processes of learning, without being limited to only one course about entrepreneurship (Bueckmann, et al., 2017).
Bueckmann et al. (2017) define that the programs of entrepreneurial education could be divided into three groups:
Baños-Monroy, V. et al., 2017. Monitor Global de Emprendimiento (GEM) Jalisco 2016/2017: Ecosistema de emprendimiento en la Zona Metropolitana de Guadalajara., Zapopan, Jalisco: Tecnológico de Monterrey, Campus Guadalajara.
Bueckmann, R. et al., 2017. Global Entrepreneurship Monitor: Reporte Regional Querétaro , Querétaro: Tecnológico de Monterrey Campus Querétaro.
ILO & UNESCO, 2006. Towards an Entrepreneurial Culture for the Twenty-First Century, s.l.: International Labour Organization and United Nations Educational, Scientific and Cultural Organization.
Observatorio Nacional del Emprendedor, 2015. Construcción, generación, y análisis de indicadores para medir el estado y la evolución del ecosistema emprendedor.. s.l.:INADEM.
Vargas, J., 2012. Government Public Policy of Mexico and Entrepreneurship, What can Mexican Government do for Enhacing Entrepreneurship in Mexico?. Global Journal of Management and Business Research.