Business And Society Should Be Treated As a Single Unit

Saras D. Sarasvathy, Professor of Business Administration at Darden School of Business, University of Virginia, feels business and society should be treated as a single unit. Also, entrepreneurship is a method of study for building a new society and should be addressed through education. She further compares the business eco-system in India and the US, to derive that along with entrepreneurship, students should also be taught about relationships, value-creation and idea of values.

- Punita Sabharwal

Entrepreneurship being taught to students, does it seem to be a fruitful idea to build strong young enterprises ahead?

Going back to late 17th century, people never thought that science could be taught as a subject. Francis Bacon in his book, Novum Organum, defined science as a method and only after reading this book, people began considering science as a subject. The idea was not to create Isaac Newton after teaching them science but it was meant to shape the way they looked at the universe. So historically, we are in a very similar stage of teaching entrepreneurship. It is a method which helps us to build a new society and the subject should be taught to everyone, not just to potential entrepreneurs.

So, according to you it is a mindset teaching?