Education of entrepreneurship by participation in a business simulation enterprise activities: conditions of effectiveness and opportunities for improvement

The article deals with the theoretical aspects of entrepreneurship education and participation in a business simulation enterprise conditions and opportunities. Aim of the research: to investigate the efficiency conditions and possibilities of entrepreneurship education of students participating in the activities of the business simulation enterprises in Lithuanian higher education institutions. Analytical descriptive, quantitative and statistical research methods were applied. The results of the quantitative research showed that a business simulation enterprise is a suitable form of teaching/learning for the development of students’ entrepreneurial abilities and personal entrepreneurial qualities. It was found that by participating in the activities of business simulation enterprise, the students became more aware of the business, self-assessed and improved their business management skills and developed their personal entrepreneurial qualities. The results of the research will have a lasting value in the scientific discussion about the possibilities of students’ entrepreneurship education in higher education studies when participating in the business simulation enterprise activities and also will have practical value in providing opportunities for quality improvement in the organization of the study process in business simulation enterprise by developing students’ entrepreneurial skills