World Scientific Publishing Company East Asian Entrepreneurs: A Study Of State Role, Education And Mindsets

The publication started with a succinct and brief literature review of the different definitions of the term 'entrepreneurship'. After examining the different conceptual ideas of entrepreneurship, the ecological system of entrepreneurship was identified with a wide array and universe of stakeholders like the state, venture capitalists, non-profit organizations (NPOs), students, universities, instructors/trainers, educators, local communities, bureaucracy, and many other entities. In the East Asian region's desire to tap into entrepreneurship, the economies are also keen to tap on formerly marginalized groups to power up the entrepreneurship game like women, energetic youths and reskilled individuals. Institutes of Higher Learning (IHLs) teaches practical applied learning courses to students and arm them with the necessary skills to tackle the many challenges of being an entrepreneur. Both tangible and intangible barriers to entrepreneurship were discussed in the writing. One of the intangible barriers discussed was the element of mindset. In some of the case studies, it appeared fear of failure was a major mindset barrier to would-be entrepreneurs pursuing their business ideas to actualize them. Measures carried out to remove the stigmatization of failure are discussed in the volume.