Economic Development is defined as an increase in economic activity, implying progressive changes in the socio-economic structure and leading to higher\u00a0standards of living. The objective of Economic Development is elimination of poverty, inequalities and unemployment \u2013 which will lead to social inclusion and an improvement of the quality of life.<\/p>\n
Much has been written about the impact of entrepreneurship on economic development. If the Millennium Development Goals of reducing poverty are to be attained, it is necessary to develop human capital in all sectors, to address both the opportunities and major challenges BiH is facing. Entrepreneurship education equips people to proactively pursue those opportunities available to them \u2013 enabling them to lead and shape institutions, businesses and local communities.<\/p>\n
Innovation and entrepreneurship provide a way forward for solving existing challenges, building sustainable development, creating jobs, generating renewed economic growth and advancing human welfare.<\/p>\n
Trainings and Consultancy for SME (in cooperation with Innovation Centre)<\/strong><\/p>\n Goal:<\/strong>\u00a0to provide SME entrepreneurs and their management with tailored trainings and \u201con site\u201d consultancy, enabling them to reach their full potential.<\/p>\n A pool of trainers and consultants from different fields, specialized in SME development, provide the crucial assistance to SME entrepreneurs and their management, enabling them to gain a new knowledge and address concrete issues related to demanding business environment. ACED\u2019s specialized training methodology and \u201con site\u201d consultancy services are provided both \u2013 to groups and individuals.<\/p>\n Academy of Entrepreneurship<\/strong><\/p>\n Goal:<\/strong>\u00a0to provide students with additional training curricula adapted to a local business environment, enabling them to acquire knowledge and techniques necessary for the successful start-up of their small business.<\/p>\n AoE aims to develop institutional mechanisms which create entrepreneurial culture in academic institutions and foster and promote student entrepreneurship and employment in the region. ACED mobilized a group of local trainers specialised in the field of small and medium enterprise development to design an innovative business training curricula to be presented to students interested to pursue their small business ideas. Training is designed as a small business academy, providing education in cycles, each cycle containing 5-7 different topics. The business academy curricula was designed especially with respect to the local business environment, providing also current and actual information.<\/p>\n Business Plan Competition<\/strong><\/p>\n Goal:<\/strong>\u00a0to raise awareness on the importance of creative business thinking and the early entrepreneurship challenges that face every new idea in the specific BiH business environment.<\/p>\n At the end of each AoE training cycle, ACED organizes a competition to encourage students towards creative market thinking to transform their business ideas into comprehensive business plans that could receive support. A pool of university professors and trainers evaluate business plans and honor the best contestants. Besides competition awards, ACED creates links with government and financial institutions to enable students to seek support and close the financial construction for their business.<\/p>\n Student Business Start-up Incubation<\/strong><\/p>\n Goal:<\/strong>\u00a0to support innovative student business ideas with advice, guidance, counselling and information in order to increase chances for their entrepreneurial success.<\/p>\n ACED established a Student Business Incubator \u2013 SBI on Banjaluka University that serves as physical infrastructure that supports business incubation activities. SBI offers students a financial assistance, office space and technical environment for starting up their small business for the first year. ACED has also established a library and computer databases providing students with useful information on local business laws and regulations, market surveys and other business information sources.<\/p>\n \u201cEarly Stage\u201d Consultancy for Student Businesses<\/strong><\/p>\n Goal:\u00a0<\/strong>to provide young entrepreneurs with \u201con site\u201d\u00a0consultancy necessary for successful start-up of their small business, enabling them to reach their full potential.<\/p>\n A pool of consultants from different backgrounds, specialized in SME development, provide the crucial assistance to new entrepreneurs enabling them to resolve concrete issues and avoid potential obstacles. Consultancy services such as drafting policies and contracts, developing concise marketing plans, sourcing and procurement advisory, website maintenance, financial advisory, trade mark\/intellectual property\/patent registration advisory etc. are provided to each entrepreneur on case to case basis. In addition ACED is organizing guest lectures and workshops with entrepreneurs from different fields of business enabling students to learn first hand about specifics of local business environment and to interact on topics of their interest.<\/p>\n Agriculture Business Development<\/strong><\/p>\n Goal:<\/strong>\u00a0to improve and expand business operations of selected agricultural cooperatives by providing technical assistance in business planning and by linking them to available financial sources.<\/p>\n Many cooperatives in RS have sound business activities and a positive financial portfolio.\u00a0 However, due to the lack of\u00a0\u00a0knowledge and skills to develop viable business plans in order to request grants and credits they are not able to expand their production.\u00a0 In cooperation with RS Union of Agriculture Cooperatives, ACED provides business development training services to selected agricultural cooperatives or individual producers which are members of the Union.<\/p>\n Entrepreneurship education is a societal change agent, a great enabler in all sectors. Not everyone needs to become an\u00a0entrepreneur to benefit from entrepreneurship education, but all members of society need to be more entrepreneurial \u2013 to improve efficiency and competitiveness. Entrepreneurial ways of thinking and behaving are essential.<\/p>\n Many employers want their employees to demonstrate entrepreneurial skills. Employees who are well motivated, thinking ahead, seeing new opportunities can all help to provide a business with a competitive edge and thus remain profitable in the market place.<\/p>\n Many of the so-called \u201centrepreneurial skills\u201d would benefit companies and employers, such as; the ability to work within a team, the ability to communicate effectively, management skills and research and analytical skills \u2013 in order to implement changes or develop new products, within the structure in which they work.<\/p>\n Vocational Skills & Career Guidance<\/strong><\/p>\n Goal:\u00a0<\/strong>\u00a0to prepare students for their post-graduate careers and employment, to guide them in their career planning, improvement of communication and presentation skills, and their personality development.<\/p>\n ACED\u2019s Career Guidance Center acts as a dual-function\u00a0department offering vocational guidance and career preparation skills to students. Through its work, the SCGC will assist students in planning and executing a plan of study that appropriately reflects the students\u2019 interests and motivation.\u00a0 The SCGC provides guidance regarding graduation requirements, transfer options, baccalaureate degrees, career planning, and personal decision making. Together with professional trainers, ACED provides expert help in career counseling \u2013 offering students a vocation and profession preparation, supporting them to find a job and assisting them to improve their position in the job.<\/p>\n A wide range of skills are seen as entrepreneurial and useful to entrepreneurs, these include both personal traits and skills:<\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" Economic Development is defined as an increase in economic activity, implying progressive changes in the socio-economic structure and leading to<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_links_to":"","_links_to_target":""},"_links":{"self":[{"href":"https:\/\/aced.ba\/en\/wp-json\/wp\/v2\/pages\/13574"}],"collection":[{"href":"https:\/\/aced.ba\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/aced.ba\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/aced.ba\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/aced.ba\/en\/wp-json\/wp\/v2\/comments?post=13574"}],"version-history":[{"count":2,"href":"https:\/\/aced.ba\/en\/wp-json\/wp\/v2\/pages\/13574\/revisions"}],"predecessor-version":[{"id":16158,"href":"https:\/\/aced.ba\/en\/wp-json\/wp\/v2\/pages\/13574\/revisions\/16158"}],"wp:attachment":[{"href":"https:\/\/aced.ba\/en\/wp-json\/wp\/v2\/media?parent=13574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Intrapreneurs \u2013 agents of change within existing structures<\/h3>\n
Do employers want entrepreneurs?<\/h3>\n
What are regarded as entrepreneurial skills?<\/h3>\n
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