EPP and Entrepreneurship in K-12 Education
EPP and Entrepreneurship in K-12 Education
Characteristics of Entrepreneurs
Finding Financing
• Debt Financing
– Credit Cards
– Family and Friends
– Bank Loans (SBA backed)
• Equity Financing
– Venture Capitalists
– Angel Investors
Theories of Entrepreneurship
Entrepreneurial Characteristics
A. Economics is a social science concerned with
• Vision - entrepreneurs begin with an overall the production, distribution, and consumption of
idea for how to make their business idea a goods and services. It studies how individuals,
success businesses, governments, and nations make
• High Energy Level - a willingness to work choices on allocating resources to satisfy their
hard wants and needs, trying to determine how these
• Need to Achieve - entrepreneurs work hard groups should organize and coordinate efforts to
because they want to excel achieve maximum output.
• Self-Confidence - fearlessness in the face of
difficult odds
Economics can generally be broken down view a sudden influx of younger residents to
into macroeconomics, which concentrates a neighborhood as a potential death stroke,
on the behavior of the aggregate economy, an entrepreneur might see it as a chance to
and microeconomics, which focuses on open a new club.
individual consumers and businesses.
E. Resource based theory of
B. Sociological theories are different from entrepreneurship. Jay Barney, developed
other theories because they analyze the resource-based view of the firm, which
entrepreneurial activities from the is a strategic management theory designed
standpoint of social contexts and to explain why some firms perform better
corresponding processes and effects. They than others even when they occupy a very
subscribe to the notion that construction of similar business environment. The
entrepreneurship is narrowly a purposive resource-based view seeks to explain why
action that leads to the formation of a new some firms perform better than others by
formal organization. They also broadly looking to the firms’ resources. This
indicate various efforts that help introduce contrasts with earlier perspectives, such
robust innovations in routines, as Porter's five forces, which focus on the
technologies, organizational structures and external environment as sources of threats
social institutions (Ruef and Lounsbury, and opportunities.
2007). The core idea behind the resource-based
view is that competitive advantage comes
The identifying feature of sociological
from a firm’s effective use of tangible and
entrepreneurship theories is that they focus
intangible resources or assets. Tangible
on the social context of entrepreneurship
assets include plant, equipment and even
development (Simpeh, 2011). Among some
human resources, whereas intangible assets
of the prominent theories include Max
include things like trade
Weber’s theory of social change, EE Hagen’s
secrets and corporate reputation.
theory, Theory of Frank Young, Cochran
theory, and Attention-Motivation Theory of
McClelland. Some of them are discussed in Components of EPP
this section.
II. Industrial Arts a subject taught in
C. Psychological theories of elementary and secondary schools that
entrepreneurship focus on the individual aims at developing a manual skill, a
and the mental or emotional elements that familiarity with tools and machines, or an
drive entrepreneurial individuals. A theory acquaintance with industrial processes and
put forward by psychologist David design.
McCLelland, a Harvard emeritus professor, The industrial arts learning activities are an
offers that entrepreneurs possess a need important part of the public-school program
for achievement that drives their activity. and of the education of the student. The
Julian Rotter, professor emeritus at the purpose of the industrial arts activities is to
University of Connecticut, put forward a give the student a background of our
locus of control theory. Rotter’s theory industrial society. Career education plays an
holds that people with a strong internal equally important role in the educational
locus of control believe their actions can process of the student. It involves the
influence the external world and research student in everyday life decisions and helps
suggests most entrepreneurs possess trait. him to become a better-informed citizen in
A final approach, though unsupported by his community.
research, suggests personality traits ranging
from creativity and resilience to optimism Examples of Industrial Arts
drive entrepreneurial behavior. A. Carpentry, the art and trade of cutting, working,
and joining timber. The term includes both
D. Opportunity-Based Theory. Prolific
structural timberwork in framing and items such as
business management author, professor
doors, windows, and staircases.
and corporate consultant, Peter Drucker
A carpenter’s work may also extend to interior
put forward an opportunity-based theory.
jobs, requiring some of the skills of a joiner. These
Drucker contends that entrepreneurs excel
jobs include making door frames, cabinets,
at seeing and taking advantage of
countertops, and assorted molding and trim. Much
possibilities created by social, technological
of the skill involves joining wood inconspicuously
and cultural changes. For example, where a
business that caters to senior citizens might
for the sake of appearance, as opposed to the D. Metalworking is, as its title suggests, working
joining of unseen structural pieces with metals to create individual parts. There is a
The standard hand tools used by a carpenter are wide range of technologies that are used within
hammers, pliers, screwdrivers, and awls for driving metalworking to create all types of products such
and extracting nails, setting screws, and punching as small pieces of jewelry all the way to building
guide holes, respectively. Planes are hand-held components and large-scale constructions. Most
blades used to reduce and smooth wood surfaces, metalworking processes can be categorized into
and chisels are blades that can be hit with a mallet three categories: forming, cutting, or joining.
to cut out forms in wood. The crosscut saw cuts However, it’s also important to note that casting is
across wood grain, and the rip saw cuts with the one of the most widespread methods of
grain. Tenon and dovetail saws are used to make metalworking and involves pouring metal into a
precise cuts for the indicated joints, and a keyhole mold, after which is cooled and solidified. This
saw cuts out holes. The level shows whether a guide will attempt to provide an overview of the
surface is perfectly horizontal or vertical, and the most prevalent metalworking processes in the
trisquare tests the right angle manufacturing industry today.
between adjacent surfaces. These instruments are E. Electricity is a natural phenomenon that occurs
complemented by the use of power tools. throughout nature and takes many different forms.
B. Plumbing, system of pipes and fixtures installed In this tutorial we'll focus on current electricity: the
in a building for the distribution and use of potable stuff that powers our electronic gadgets. Our goal
(drinkable) water and the removal of waterborne is to understand how electricity flows from a power
wastes. It is usually distinguished from water and source through wires, lighting up LEDs, spinning
sewage systems that serve a group of buildings or a motors, and powering our communication devices.
city. Electricity is briefly defined as the flow of electric
The term plumbing fixture embraces not only charge, but there's so much behind that simple
showers, bathtubs, lavatory basins, and toilets but statement. Where do the charges come from? How
also such devices as washing machines, garbage- do we move them? Where do they move to? How
disposal units, hot-water heaters, dishwashers, and does an electric charge cause mechanical motion or
drinking fountains. make things light up? So many questions! To begin
The water-carrying pipes and other materials used to explain what electricity we are needed to zoom
in a plumbing system must be strong, way in, beyond the matter and molecules, to the
noncorrosive, and durable enough to equal or atoms that make up everything we interact with in
exceed the expected life of the building in which life.
they are installed. Toilets, urinals, and lavatories F. Orthographic drawing represents a three-
usually are made of stable porcelain or vitreous dimensional object using several two-dimensional
china, although they sometimes are made of views of the object. It is also known as an
glazed cast iron, steel, or stainless steel. Ordinary orthographic projection. For example, you can see
water pipes usually are made of steel, copper, in this image the front, top and side views of an
brass, plastic, or other nontoxic material; and the aircraft.
most common materials for sewage pipes are cast
iron, steel, copper, and asbestos cement. III. Home Economics the art and science
C. Electronics encompasses an exceptionally broad of home management. A college curriculum usually
range of technology. The term originally was including studies in nutrition, the purchase,
applied to the study of electron behavior and preparation, and service of food, interior design,
movement, particularly as observed in the clothing and textiles, child development, family
first electron tubes. It came to be used in its relationships, and household economics.
broader sense with advances in knowledge about
the fundamental nature of electrons and about the Examples of Home Economics
way in which the motion of these particles could be A. Food, health and nutrition. Eating a well-
utilized. Today many scientific and balanced diet, with adequate nutrients and
technical disciplines deal with different aspects of appropriate calories, is a fundamental
electronics. Research in these fields has led to the requirement for continued health. An
development of such key devices appropriate diet contributes to healthy
as transistors, integrated circuits, lasers, development, healthy ageing and greater
and optical fibres. These in turn have made it resilience against disease. Similarly, a poor
possible to manufacture a wide array of electronic or inappropriate diet places people at
consumer, industrial, and military products. greater risk of infection and a range of
Indeed, it can be said that the world is in the midst chronic illnesses – including cancer, type 2
of an electronic revolution at least as significant as diabetes and cardiovascular disease.
the industrial revolution of the 19th century.
B. Personal Finance and Family. We all know constitutes the key dimensions of human
money is important in life. But how important? In development. These key dimensions are: a long
fact, the financial decisions you make today may and healthy life, being knowledgeable and have a
have a lasting effect on your future. Rather than decent standard of living. When these key
feeling anxious about money feel empowered by dimensions are provided at first, the progress and
learning how to make smart decisions! Personal improvement opportunities in other areas of
and Family Finance will begin the conversation human life will also grow.
around how to spend and save your money wisely,
Mainly, human development means having more
investing in safe opportunities and the days ahead.
alternatives and more opportunities, and this must
Learning key financial concepts around taxes,
be the key reference in human development.
credit, and money management will provide both
Nobody can guarantee the happiness of the human
understanding and confidence as you begin to
being and the choices which people would make in
navigate your own route to future security.
their lives concern only themselves. However,
Discover how education, career choices, and
human development at least aims to provide the
financial planning can lead you in the right
necessary conditions to all the people individually
direction to making your life simpler, steadier, and
or collectively for improving their potentials and
more enjoyable.
spending a productive and creative live.
C. Textile and Clothing is about the design,
manufacture and marketing of clothing and
IV. Agriculture is the art and science of cultivating
footwear and other textile products.
the soil, growing crops and raising livestock. It
Studying in this area includes learning about fabrics
includes the preparation of plant and animal
and other materials and about weaving, dyeing,
products for people to use and their distribution to
printing, patternmaking, sewing, washing, etc.
markets. Agriculture provides most of the world’s
food and fabrics. Cotton, wool, and leather are all
D. Consumer Science. Consumer science is a
agricultural products. Agriculture also provides
diverse discipline addressing various aspects of
wood for construction and paper products.
basic human needs. It explores individual’s
behavior in relation to food, clothing, textiles, Examples of Agriculture
housing, nutrition and food security. Students in
A. Livestock Production. Domesticated livestock
this dynamic curriculum become part of a growing
have played a pivotal role in the development of
research community built on the understanding of
human civilizations around the world and
consumer behavior and the motivation behind
continues to be an integral part of human culture,
individual and family decision-making regarding
society, and the local and global economy.
their basic needs.
Domestic livestock has contributed to the rise of
E. Household Management. Household
human societies and civilizations by increasing the
management depends on the individual's ability to
amount of food and nutrition available to people in
carry out instrumental activities of daily living
four ways: by providing sources of meat, milk, and
(IADLs), which are activities necessary for
fertilizer, and by pulling plows. Throughout history
independent living in the community. IADLs
livestock have also provided leather, wool, other
include:
raw materials, and transport.
• ability to use the telephone
• shopping (for other items as well as Livestock furnish high quality protein and energy
groceries) foods, and function as part of integrated,
• food preparation renewable systems of plant and animal agriculture.
• housekeeping (cleaning house, making The digestive systems of ruminant animals such as
beds, washing dishes, etc.) cattle, sheep, goats, llamas, and camels are
• doing laundry specially adapted to convert plant materials that
• using transportation (driving own car or humans cannot utilize into proteins of high
using public transportation) biological availability to humans.
• proper use of medications
B. Agricultural economics, study of the allocation,
• money management
distribution, and utilization of the resources used,
• Household management can be divided into
along with the commodities produced, by farming.
several different areas for purposes of
Agricultural economics plays a role in
description.
the economics of development, for a continuous
level of farm surplus is one of the wellsprings of
F. Human Development. Human development is a
technological and commercial growth.
multidimensional concept. The three variables used
by UN in Human Development Index (HDI)
In general, one can say that when a large fraction Learning and Innovative Skills
of a country’s population depends
1. Creativity
on agriculture for its livelihood, average incomes
2. Curiosity
are low. That does not mean that a country is poor
3. Critical thinking problem solving skills
because most of its population is engaged in
4. Risk taking
agriculture; it is closer to the truth to say that
because a country is poor, most of its people must Learning and Innovating Skills
rely upon agriculture for a living.
Creativity and Innovation
C. Crop production is a branch of agriculture that Think creatively
deals with growing crops for use as food and fiber. Work creatively with others
Degree programs in crop production are available Implement innovations
at undergraduate and graduate levels. Graduates Critical thinking and Problem solving
are eligible for a variety of agricultural careers. Reason effectively
Use systems thinking
D. Modern agriculture is an evolving approach to
Make judgements and decisions
agricultural innovations and farming practices that
Solve problems
help farmers increase efficiency and reduce the
number of natural resources like water, land, and Communication
energy necessary to meet the world’s food, fuel, Articulate thoughts and ideas effectively
and fiber needs. The agribusiness, intensive using oral, written and nonverbal
farming, organic farming, and sustainable communication skills in a variety of forms
agriculture are other names of modern agriculture. and contexts
Listen effectively to decipher meaning,
The 21st Century Teacher
including knowledge, values, attitudes and
The Traditional Classroom intentions
Use communication for a range of purposes
Content delivered by the teacher in the
(e.g. to inform, instruct, motivate and
classroom
persuade)
Lecture and reading from textbooks are the
Utilize multiple media and technologies,
main sources of learning
and know how to judge their effectiveness a
Students are assessed primarily on
prior as well as assess their impact
knowledge learned
Communicate effectively in diverse
The 21st Century Classroom environments (including multi-lingual)