Entrepreneurship Education: A road to success entrepreneurship and to practice corporate social responsibility. This is expected to impact on the productivity of the workforce and to have a positive impact on the business world. NFTE supports social inclusion by specifically addressing youth from disadvantaged neighbourhoods or unemployed young people; aiming to support them in finding their paths to better personal economic and social circumstances through entrepreneurship. 5.3 Impact on the individual student This sub-section summarise evidence of impact on students9 entrepreneurial skills, attitudes, behaviour and intentions to start a company. It also gives examples of the importance of appropriate teaching methods. 5.3.1 Participation in entrepreneurship education facilitates the development of entrepreneurial skills Evidence was drawn from several studies conducted by members of the JA-YE network that the company programme contributes to enhancing the level of economic and business knowledge of participants: 133  The Canadian study 8Making an impact9 highlighted that more than 80% of the alumni regarded Junior Achievement Canada as important in developing their analytical capabilities and business sense; and more than 70% cited Junior Achievement as significantly impacting on the advancement of their skills in financial literacy and budgeting;  The same study also measured students9 skills development, especially 8how to manage money9. Students also indicated that overall they felt better prepared for the future;  They achieved a more thorough understanding of and insight in certain business, financial and economic topics (namely, marketing and market economy) and what is needed to start a company. Students also indicated that they better understood the importance of certain aspects of business life (e.g. strategy and leadership) and the attitudes needed (e.g. perseverance and being responsible);  Around two thirds (between 57% and 68%, depending on the country) of students agreed/strongly agreed that their participation in Junior Achievement programmes contributed to the development of their business and life skills.  Students9 test scores seemed to be linked to their level of agreement with the statement 8Participation in Junior Achievement Programmes has given me a very good insight into what business is all about9 (68% average agreement).  Similarly, through tests, the transnational study 8Financial literacy. A survey of JA-YE participants9134 found that among the respondents to the survey (2,943 secondary school students in 12 countries across Europe which participated in programmes of the national JA-YE network members):  70.5% of the students understand the key influence of education and skills on their future income;  74.5% found it easy to understand basic money management (budgeting to save a certain amount of money); 133 The Boston Consulting Group (2011) 8Making an impact9. Assessing Junior Achievement of Canada9s valued creation= The Boston Consulting Group (2011) 134 JA-YE Europe (2010): Financial literacy. A survey of JA-YE participants 60

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