Integrating the external enablers of new venture creation theory into practice: A simulation approach for teaching entrepreneurship

Theory and practice in entrepreneurship education are still a subject of research. This paper proposes a simulation in which, based on the External Enablers of New Venture Creation approach, students can translate environmental changes generated by the unbalancing conditions of the Covid-19 pandemic...

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Published inJournal of education for business Vol. 98; no. 5; pp. 272 - 283
Main Authors Gómez García, Luis Demetrio, Alba Cabañas, Marisleidy
Format Journal Article
LanguageEnglish
Published Washington Routledge 04.07.2023
Taylor & Francis Inc
Subjects
Adult learning
Business Administration Education
business model canvas
Business models
COVID-19
Entrepreneurship
Entrepreneurship education
external enablers of new venture creation
In Person Learning
Online Courses
Pandemics
Simulation
Strategic Planning
Teaching Methods
Teamwork
Theory Practice Relationship
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ISSN0883-2323
1940-3356
DOI10.1080/08832323.2022.2138248

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Summary:Theory and practice in entrepreneurship education are still a subject of research. This paper proposes a simulation in which, based on the External Enablers of New Venture Creation approach, students can translate environmental changes generated by the unbalancing conditions of the Covid-19 pandemic into strategic entrepreneurial actions. The practice-based approach grounded in actionable theory is chosen to build our simulation. The exercise is carried out through the business model canvas because of its practical value. Running the simulation proves to be helpful in teaching new theoretical approaches. The simulation also proves that new venture teams can impact more the conversion of environmental changes into strategic entrepreneurial actions than individual entrepreneurs.
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ISSN:0883-2323
1940-3356
DOI:10.1080/08832323.2022.2138248