Burton Morgan Program for Liberal Arts & Entrepreneurship Education
The term 'liberal arts' is described in the Encyclopedia Britannica as a "college or university curriculum aimed at imparting general knowledge and developing intellectual capacities, in contrast to a professional, vocational, or technical curriculum." In classical antiquity, the term designated the education proper to a freeman (Latin: libera, “free”) as opposed to a slave.
This definition resonates when you learn that two-thirds of college students intend to be entrepreneurs at some point in their careers and their number one reason was independence U.S. Small Business Adminstration. Individuals with more education are more likely to become entrepreneurs, and they are also more likely to open a business employing more people U.S. Small Business Adminstration. The world is wide open to young entrepreneurs with technology, entrepreneurial know-how and the strong foundation provided by a liberal arts education.
The Burton D. Morgan Program for Liberal Arts and Entrepreneurship Education was created to assist students in making those necessary connections amongst liberal arts education and real world entrepreneurial applications.
Liberal Arts and Entrepreneurship Education
Students know they have to build a wide range of interdisciplinary skills that give them maximum flexibility and preparation for the future. They want to learn how to recognize opportunity, harness the resources to exploit that opportunity, exercise their creativity, create sustainable solutions, take the inherent risks, and participate in the rewards.
What makes entrepreneurship education distinctive is its focus on realization of opportunity. Opportunities can be realized in several ways.
- Opening a new business.
- Promote innovation or introduce new products or services or markets in existing firms (intrapreneurship).
- Create charitable organizations designed to be self-supporting in addition to doing their good works. This is usually called social entrepreneurship.
- Public sector entrepreneurship has come into being in governments, with an increased focus on innovation and customer service.