The formal education system isn't equipping young people with the relevant entrepreneurial skills such as critical thinking, problem-solving and creativity.
This is according to Suits and Sneakers CEO Mark Sham, who runs a conference platform which aims to produce innovative leaders and entrepreneurs.
Sham, who has no formal education himself, explains that formal education is only one of many different ways to acquire knowledge and skills.
The skills that are needed to be relevant in today's society aren't quite what's being taught in schools and universities.— Mark Sham, CEO of Suits and Sneakers
The problem with the schooling system is that it just hasn't adapted to the times that are changing.— Mark Sham, CEO of Suits and Sneakers
He has emphasised the importance of re-imagining learning and development, without relying on a certificate, diploma or degree.
I'm not saying that maths and science isn't important. In fact, it's vital. But so are many other disciplines.— Mark Sham, CEO of Suits and Sneakers
Are we teaching entrepreneurship in skills? If you become an entrepreneur you are on the right side of the curve.— Mark Sham, CEO of Suits and Sneakers
There are different ways that you can educate yourself.— Mark Sham, CEO of Suits and Sneakers
Yes, there is formal education. It is a valuable way of acquiring knowledge and skills, but it is only one of the many ways.— Mark Sham, CEO of Suits and Sneakers
I discovered that the internet can be quite a powerful way to learn how the world works to widened your frame of reference.— Mark Sham, CEO of Suits and Sneakers
Suits and Sneakers has been this drive toward helping people understand that is you can't afford formal education, you just an internet connection and a device that connects.— Mark Sham, CEO of Suits and Sneakers
Take a listen to Mark Sham explain his insights: