Abstract
PurposeThe purpose of this paper is to propose a framework for the transformation from a second-generation university to an entrepreneurial university. The work is practical and innovative, which provides the foundation for further work in this field.Design/methodology/approachBased on a systematic review of relevant studies on entrepreneurial universities, this paper proposed an evaluation framework with clear logic and practicability. This paper also provided a basis for further research. The restrictions of each factor were defined by the readiness framework, and the consequences of entrepreneurial activities on local economic development were analyzed by using the proposed model. The proposed conceptual framework aided policymakers in completing a much-needed assessment of the impact of organizational policies, practices and structures on the entrepreneurial activities and transformation from second-generation universities to third-generation organizations.FindingsThe proposed readiness framework led to the development of organizational interventions that facilitated successful entrepreneurial activities. The quantitative indicators of different university types were demonstrated in this study. The quantitative validation of the integrated framework suggested that university heads and policymakers can encourage and develop academic entrepreneurship by using a comprehensive systems approach for the identification, protection and commercialization of university’s intellectual property.Originality/valueThis paper provides a framework for policymakers or decision makers to better understand whether a local university is ready for entrepreneurship. This framework also provides a direction for future quantitative research.
Highlights
This manuscript proposes a readiness framework for a transformation from a secondgeneration university to an entrepreneurial organization based on influential factors and the consequences of entrepreneurial activities on local economic development
This paper is a systematic approach to measure the readiness of second-generation universities to transform into entrepreneurial universities
This paper argues for the existence of an underlying set of individual and contextual factors of entrepreneurial activities that need to be accepted by the local economy before initiating transformation to have a third-generation university
Summary
This manuscript proposes a readiness framework for a transformation from a secondgeneration university to an entrepreneurial organization based on influential factors and the consequences of entrepreneurial activities on local economic development. The traditional mission of the second-generation universities is to research and disseminate knowledge in academic societies and student communities These universities provide research and development (R&D) teams and their activities lead to support patents for innovative inventions and to publish high-quality and state-of-the-art manuscripts. Start-ups and entrepreneurial activities directed by entrepreneurial universities are highly effective in enhancing the economic power and market penetration of high-technology companies They create new job opportunities, especially for a highly educated workforce as well as increasing economic added value and economic development (Stijn et al, 2018). The proposed readiness framework exploited several influence factors for the transformation of a second-generation university into a third-generation organization in the domain of entrepreneurial activities and it quantitatively indicates consequences on local economic development due to entrepreneurial universities. Publications indexed in Scientific Citation database per 100 academic staff (normalized) 100
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