Abstract

Educational needs are changing worldwide. Social aspects and the impact of knowledge and education on changing society are already taken into consideration from some viewpoints. However, the social impact of different models of education that bring new knowledge in innovative ways and the application of social entrepreneurship still need be investigated. The main question that this study addressed is how higher education institutions (HEIs) will approach the new era, in relation to knowledge needs and their social impact, and which model allows HEIs to become more entrepreneurial and follow social entrepreneurship. The paper contributes to addressing challenges and opportunities that universities (especially those located in developing countries) face in their pathway to developing social entrepreneurship education with the aim of increasing their value creation capacity. Through a case study analysis, this paper highlights the relevance of knowledge creation, circulation, and transfer among different stakeholders for universities to shift towards an entrepreneurial and innovative perspective. The findings of this research highlight the relevance of social innovation, knowledge development processes, and wide and collaborative national and international networks as essential elements in paving the way for universities to become entrepreneurial universities.

Highlights

  • A new era of higher education is underway

  • As there is still a category of students who think they will work as their parents did in the 1970s, most of them think that at least once they will change their career completely in their lifetime, while there are others that think they will start working for themselves (Clark 2001)

  • The interviews resulted in identification of main areas where the University of Tirana will need to become more involved in cocreating a value proposition with students, businesses, investors, stakeholders, and administrative and academic staff, with better internationalization as its main challenge

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Summary

Introduction

A new era of higher education is underway. To understand the future, business schools of HEIs need to understand tomorrow’s student. As there is still a category of students who think they will work as their parents did in the 1970s, most of them think that at least once they will change their career completely in their lifetime, while there are others that think they will start working for themselves (Clark 2001) Students with these points of view will need to learn throughout their lifetime, update their skills, and add new skills as their careers demand. Professor Clayton Christensen of Harvard Business School, in reporting his thoughts with regard to the new era of HEIs, says: “I think higher education is just on the edge of the crevasse. I think even five years these enterprises are going to be in real trouble.”

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