Entrepreneurial Teaching & Training Program
In 21st Century, economy is shifted from Industrial Revolution Work Models to Knowledge Based Model. Knowledge based economy referring to a specific structural transformation, where the fast creation of new knowledge and the improvement of access to various knowledge bases increasingly constitute the main resource for greater efficiency, novelty and competitiveness. Unemployment Rate in Pakistan is expected to be 5.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts’ expectations. . To address this major apprehension of current era, Chaudhary Muhammad Akram Center for Entrepreneurship Development (CMACED) took an initiative to develop entrepreneurial mindset and behaviors among our students, staff and faculty by introducing a ‘Entrepreneurial Teaching and Training Program’. Entrepreneurship refers to an individual’s ability to turn ideas into action. It includes creativity, innovation, showing initiative and risk-taking, as well as the ability to plan and manage projects in order to achieve objectives. This supports everyone in day-to-day life at home and in society, makes employees more aware of the context of their work and better able to seize opportunities, and provides a foundation for entrepreneurs establishing a social or commercial activity.