Globally the perennial battle to alleviate poverty is an enduring one and in this respect South Africa is no exception, says the writer.
Globally the perennial battle to alleviate poverty is an enduring one and in this respect South Africa is no exception. According to Statistics South Africa almost half of the adult population in our country is living below the upper-bound poverty line. While the battle against poverty has been a difficult one, the recent Covid-19 pandemic has exacerbated the situation, especially in terms of poverty rates, the economy, health, education and employment prospects.
Indeed, poverty reduction has become a critical issue for almost all sectors of society. Guided by this new reality, entrepreneurship and innovation, especially through small business development has been touted as a significant part of the solution to poverty reduction.
Business education thus is obliged to positively impact the lives of not just its learners, but also the broader economy, local communities and society at large through entrepreneurship and innovation. For example, Regent Business School besides historically forging close ties with all its stakeholder communities through its business education, research and outreach programmes has held steadfast to its mission and made considerable investments to create an entrepreneurial and innovation ecosystem to support the many facets of small business development for poverty and unemployment alleviation.
Business education has an obligation to society and its students to provide relevant edification that includes a full recognition of responsibilities that it has towards solving the challenges of a disruptive 21st century. We need a new coterie of agile responsive and responsible disruptive entrepreneurs and innovators to deal with an increasingly volatile, uncertain, complex and ambiguous world through collaborative intelligence.
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