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Definitions of Enterprise Education
The DfE proposes the following definition of enterprise education:
'Enterprise education is enterprise capability supported by better financial capability and economic and business understanding. Enterprise capability (includes) innovation, creativity, risk management and risk taking, a can-do attitude and the drive to make ideas happen. This concept embraces future employees, as well as future entrepreneurs (quoted in Developing Enterprising Young People Ofsted, HMI 2460, 2005).
The following definition is the most recent given by the DfE in:
A Guide to Enterprise Education (DCSF-00228-2010 March 2010)
.. the ability to handle uncertainty and respond positively to change, to create and implement new ideas and ways of doing things, to make reasonable risk/reward assessments and to act upon them in one’s personal life.
.. is the ability to manage one’s own finances and to become questioning and informed customers of financial services.
Economic and business understanding:
..is the ability to understand the business context and make informed choices between alternative uses of scarce resources.
(A Guide to Enterprise Education DCSF-00228-2010 page 6)
Work-related learning involves learning 'about work', 'through work' and 'for work'.
- Learning about work means developing the learner's knowledge and understanding of the workplace.
- Learning through work is all about acquiring practical skills in a real working environment, for example on a work placement.
- Learning for work is where the learner's knowledge and skills are developed in a way that is directly relevant to the workplace.