| | 8 July 2021ReviewTEACH THEM TO THINK LIKE AN ENTREPRENEUR FROM AN EARLY AGEBy Bhagwan Chowdhry, Professor of Finance - Indian School of Business (ISB), Research Professor - UCLA Anderson SchoolFor nearly a century, we have been caught in a dichotomous world in which we learn when we are young, and work and produce when we are older. We stop learning when we begin work and rarely work and produce when we are learning at a young age. This needs to change in the twenty-first century. The importance of continuing education in a world that is rapidly changing and requiring increasingly new skills has become quite transparent. In this article, I discuss the second transformation that is required - encouraging young learners to become problem solvers - entrepreneurs in other words. The World Economic Forum surveyed the chief Human Resources Officers of leading companies and released in The Future of Jobs report, the top ten skills that will be essential for jobs in the future. These are: (1) Complex Problem Solving (2) Critical Thinking (3) Creativity (4) People Management (5) Coordinating with others (6) Emotional Intelligence (7) Judgement and decision-making (8) Service orientation (9) Negotiation and (10) Cognitive flexibility.There are many reasons for inculcating an entrepreneurial mind-set at an early age. Entrepreneurs are problem solvers. The current education system focuses on academic learning that few are able to connect to the real-world around us. A focus on problem solving approach can greatly enhance learning. This is because the entrepreneurial mind-set is creative and often connects the dots between different types of knowledge and uses resources from various different domains. Successful entrepreneurship relies heavily on teamwork. Working in teams develops important social skills such as negotiation, persuasion, conflict-resolution, patience, empathetic recognition of complementary skills in others, and learning about desires and motivations of other team members. Finally, working in a team teaches you about IN MY VIEWStarted teaching career at UCLA Anderson, Bhagwan gathered 31+ years of experience till today and he has learned while working because of a team of indigenous faculty colleagues. He has worked with students for projects which has created a difference in the world.Bhagwan Chowdhry has experience as a lecturer and visiting faculty in renowned institutions which include University of Chicago, University of Illinois at Chicago, the Hong Kong University of Science and Technology, and Stellar Development Foundation. With his working experience in editing for a plethora of finance and economic journals, he has a number of economic and finance papers published.Bhagwan Chowdhry, Professor of Finance - Indian School of Business (ISB), Research Professor - UCLA Anderson School
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