What we believe about ourselves and about the world at large has a profound effect on how we live within it. The focus of entrepreneurship education has recently seen a significant shift from task-oriented business skills training (business plan generation, basic marketing strategy or understanding financial statements) to the development of an entrepreneurial way of framing all interactions with the world; a mindset. Carol Dweck remains the most recognisable name in mindset theory. She defines mindset as an “implicit theory” – an assumption or belief, conscious or unconscious, which affects behaviour, decision making, and preference. Her work, and that of others, has proved that mindsets are malleable, teachable, and that they have a significant impact on performance. As such, the development of powerful entrepreneurial mindsets is the core goal of the Wavumbuzi Entrepreneurship Challenge.
Wavumbuzi helps to develop an entrepreneurial mindset in learners based on five pervasive skills (drive, resilience, self-efficacy, initiative and innovative thinking) that will equip them for success as they enter the future global marketplace.