WHAT IT MEANS: South Africans have relatively low entrepreneurial drive. Lack of financial skills main reason start-ups fail.Are business risk-takers born or created? SA, with its perilous unemployment rate, desperately needs entrepreneurs to kick-start job creation. But who’s going to find them? And, more important, who’s going to set them on their way?SA business schools have made it their mission to create new generations of entrepreneurs. Almost without exception, they are making entrepreneurship a core part of their MBA programmes. Some go further, and take their efforts into the broader community.Their ambition? To replicate the impact of higher education in countries like the US. A report from the Sloan School of Management at the Massachusetts Institute of Technology (MIT) reveals that, as of 2014, MIT alumni had launched 30,200 active companies, employing about 4.6m people and generating US$1.9trillion in annual revenues.If these alumni were to create their own country, it ...
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