Enhancing entrepreneurial education: Developing competencies for success

In light of the changing entrepreneurial environment, educators must constantly be adjusting the educational process, procedures, and curriculum to ensure the best outcomes for future entrepreneurs. The competitive market in higher education provides an incentive to entice entrepreneurs through programs that are relevant and best ensure success of new ventures. As the entrepreneurial environment has changed, so did expectations of educational programs. This review paper identifies some of the entrepreneurial competencies that are needed to successfully launch a business endeavor and the current level of skills of recent graduates for business and entrepreneurial programs. This paper also provides suggestions for new approaches in teaching opportunities that adjust to the changes in the business environment of the U.S. Midwest.