We recently sat on the Education and Talent Development panel at the Barbados Entrepreneurship Summit 2011.  The conference is organised by the Barbados Entrepreneurship Foundation (BEF), a charity set up to make the island the world’s #1 entrepreneurial hub by 2020.  The BEF has also initiated the drive towards free Wi-Fi across the island which is now at around 60% coverage.  Whilst this creates many opportunities for entrepreneurship, it also requires a different approach to the workplace. We discussed this in our contribution at the Summit and were asked to give our big ideas on education and talent development for enterprise:

“Although the case has been argued for many years that enterprise skills should be embedded into curriculum at all levels – our next generation is entering a very different work environment – fast-paced, flexible and high levels of connectivity. Wi-Fi and smart phones mean that new entrepreneurs will (and in fact, already) have the global marketplace at their fingertips. A collaborative mindset, networking know-how and creative thinking is now just as important as traditional business skills such as finance and strategy.”

Image by KTVee on Flickr

1. Academic excellence no longer translates to job security. There are simply not enough jobs for the high calibre graduates that are we developing. Young people, from all walks of life, will need to find ways to differentiating themselves in the marketplace. Part of this requires a dedication to learning outside of the classroom and pursuing personal interests. With the abundance of online content available for learning, knowledge exchange and engagement (e.g. TED talks) there are ample opportunities for this.

Young people will need to develop their individual and unique skills to build their careers. Professor Steven Gold of Babson College, Massachusetts, who also sat on the panel, described this as the entrepreneurial process of effectuation. Rather than identifying a goal and finding the resources to achieve it (causation), entrepreneurs identify their resources and build their enterprise around what they have available.

2. Digital tools and literacy need to be integrated into all learning, not seen as a separate subject.  An article from John Naughton covers this brilliantly (HT Neil Perkins), where he argues that we need to move from ICT (information and communication technology) training to ICT education – making the transition from technology ‘how-to’ more to enabling a digital mindset and encouraging exploration.

As it’s possible to set up a website and gain an online presence at very little or no cost, particularly with the intention of 100% free Wi-Fi in Barbados, there is a real opportunity to naturally prepare young people for enterprise. Granted, the next generation are growing up with digital more integrated into their lives, but let’s not forget the interpersonal and creative thinking skills that can help them use these tools to their full potential.

3. Re-define what business looks like. You don’t need a massive amount of capital to get a knowledge-based business going. Business doesn’t have to mean a fancy office and expensive suits. It’s increasingly becoming one person on their laptop working from co-working spaces and cafes, engaging in regular pop-up businesses and projects with other entrepreneurs.

It’s no longer about hierarchy and sitting at the top of the pyramid, but about your networks and the quality of connections you have. People operating in this environment need flexibility, agility, ability to work with different types of people and collaborate (and we do believe effective collaboration is a skill!), good communication and project management, creative thinking and problem solving, as well as clearly being able to articulate their knowledge and expertise.  Let’s introduce young people to the notion of ‘portfolio working’ early.

4.  The role of teaching and learning. A young person now has access to a bank of (online) knowledge that is far greater than any single teacher can provide. So, teachers also become facilitators of learning (another term from Babson College). Their role is just as important in encouraging students to develop the lifelong skills and tools that will help them to operate in the 21st century workplace – something we aim to do with our INCUBE8 project.

The think-tank Demos held an event a few months back where 21st century work was described as that which involves: multiple job changes, working in smaller companies, people just as likely to be employers as employees, and many working in industries that don’t currently exist. It’s impossible to base current and future education on how we experienced ours, as much of the material will be out-of-date by the time the next generation are ready to start work.

In addition, the event described how employers are increasingly looking for soft skills alongside technical ones: resourcefulness, adaptability, creativity, communication, people skills, self-management, team-working, problem-soving and critical thinking. Sounds a lot like an entrepreneur to us, and demonstrates that entrepreneurial skills aren’t just of relevance to those that want to work for themselves, but for anyone that wants to operate successfully in a professional environment.

Preparing young people for 21^st century entrepreneurship means preparing them for an unpredictable journey during which they will continue to learn and develop, and will need to adapt to a variety of challenges.

More reading:

10 skills you need to survive the job market (Guardian). With links to:

• Future Work Skills 2020 (PDF)
• The Start-up of You (Thomas L. Friedman, The New York Times)