Supporting student enterprise and preparing students for the workplace

What actions can Business Schools take to support student enterprise and prepare students for the workplace?

  1. Explore how business schools can do more work with businesses and not just work about businesses. This will increase the scope for partnerships that embed students in real-world experiences.
  2. Build more links to medium-sized firms who are the primary drivers of growth and innovation in the economy. This will help expose students to firms with lower structure than they are used to in education or larger firms – without it being a purely entrepreneurial environment.
  3. Include the employer voice in the design of the course (e.g. market research conversations, new content, existing content).
  4. Assess student achievement using as realistic of means possible (e.g. real-world scenarios, performance-based assessments).
  5. Recruit 10 ‘Entrepreneurs in Residence’ who are willing, on a voluntary basis, to contribute to teaching, judging and mentoring and use them as advocates across the school and university.
  6. Create a Student Enterprise Action Group to share good practice and develop new opportunities. Draw members from across and beyond the university but with leadership from the Business School. Don’t forget to include student and entrepreneur representation.
  7. Review your approach to employability and entrepreneurship in light of political and policy changes (e.g. apprenticeship levy and Brexit).

Professor Nigel Lockett
Associate Dean for Engagement and Professor of Entrepreneurship at Lancaster University Management School

Summary of the recommended actions from the ‘Employability and entrepreneurship: Supporting student enterprise and preparing students for the workplace’ workshop chaired by Nigel Lockett at the Chartered Association of Business Schools Annual Conference 2016.