Exploring the Role of Management Accounting Education in Fostering Entrepreneurial Mindset Development in Zimbabwe

The study explores the role of management accounting education in cultivating an entrepreneurial mindset among management accountants and entrepreneurs in Zimbabwe. This study was motivated by the lack of a deep understanding of how management accounting education can contribute to the development of the entrepreneurial mindset, despite the growing importance of entrepreneurship in driving innovation and economic development. This study seeks to bridge the gap by providing insights into the intersection of accounting education and the formation of an entrepreneurial mindset in Zimbabwe. The study utilised an inductive research approach, which aligned with the interpretivist research philosophy adopted. Data for the study were collected through in-depth interviews with 11 management accountants and entrepreneurs regarding management accounting education and its role in fostering an entrepreneurial mindset and analysed using thematic analysis. The findings elucidate how management accounting education fosters entrepreneurial thinking, emphasising strategic decision-making, risk evaluation, and innovation. Participants underscored the need for courses that integrate practical skills with academic knowledge to better equip students for entrepreneurial challenges. This research study contributed to the literature by providing context-specific insights from Zimbabwe, a developing country, and thereby extending the understanding of how management accounting education shapes entrepreneurial mindset development in resource-constrained and volatile environments. Furthermore, it provides an integrated viewpoint that connects entrepreneurial thinking, experiential learning, and accounting education in the context of the Global South. This study concluded that management accounting education is essential for shaping the entrepreneurial mindset in Zimbabwe. Suggestions for improving the relevance and efficacy of accounting education in promoting entrepreneurship include changes to the curriculum and teaching methods.