A cooperative approach to academic entrepreneurial initiatives

Journal article


Zheng, P. and Callaghan, V. 2016. A cooperative approach to academic entrepreneurial initiatives. International Journal of Innovation. 4 (1), pp. 13-22. https://doi.org/10.5585/iji.v4i1.79
AuthorsZheng, P. and Callaghan, V.
Abstract

In this article we introduce a novel entrepreneurial model, the “Faculty Cooperative”, an eco-system for creating and managing academic entrepreneurial initiatives. The goal of this model is to promote academic entrepreneurism, by providing a guiding concept and tools that overcome the lack of alignment between individual academic attributes and faculty efforts in driving academic spin-out companies. Through an empirical inquiry based on an academic spin-out company in a UK university context, we have explored the key activities, actors, organisational processes and outcomes related to the formation and development stages of the academic entrepreneurship process. The empirical evidence reveals that the key principles embodied by the “Faculty Cooperative Model” namely, openness, freedom and collective shareholding, are likely to promote the entrepreneurial culture within a university context. The paper argues for the importance of developing entrepreneurial culture in conventional research focused universities, which not only improves the traditional values of teaching and research, but also enhances the dynamic capabilities of universities in a global marketplace. It is suggested that the entrepreneurial ideal is not contradictory to the conventional university missions, rather it is complementary.

Year2016
JournalInternational Journal of Innovation
Journal citation4 (1), pp. 13-22
Digital Object Identifier (DOI)https://doi.org/10.5585/iji.v4i1.79
Publication dates
Online13 Apr 2016
Publication process dates
Deposited01 Nov 2016
Accepted05 Jan 2016
Accepted author manuscript
Output statusPublished
Additional information

Attribution-NonCommercial 4.0 International (CC BY-NC 4.0)

Open access journal.

Permalink -

https://repository.canterbury.ac.uk/item/87y9q/a-cooperative-approach-to-academic-entrepreneurial-initiatives

Download files

  • 18
    total views
  • 11
    total downloads
  • 4
    views this month
  • 0
    downloads this month

Export as

Related outputs

Journeys in the age of smart cities: some fresh perspectives
Zheng, P. 2021. Journeys in the age of smart cities: some fresh perspectives. in: Juan Carlos Augusto (ed.) Handbook of Smart Cities Springer Nature. pp. 2-42
Science fiction, innovation and entrepreneurship
Zheng, P. and Callaghan, V. 2021. Science fiction, innovation and entrepreneurship. London Routledge.
How Chinese SMEs innovate with a ‘diegetic innovation templating’? - the stimulating role of Sci-fi and fantasy
Zheng, P. 2017. How Chinese SMEs innovate with a ‘diegetic innovation templating’? - the stimulating role of Sci-fi and fantasy. Futures. 95, pp. 1-20. https://doi.org/10.1016/j.futures.2017.10.005
How change agencies can affect our path towards a singularity
Zheng, P. and Akhmad, M. 2017. How change agencies can affect our path towards a singularity. in: Callaghan, V., Miller, J., Yampolskiy, R. and Armstrong, S. (ed.) The Technological Singularity: Managing the Journey New York Springer. pp. 87-102
Emerging business ventures under market socialism: entrepreneurship in China
Zheng, P. and Scase, R. 2013. Emerging business ventures under market socialism: entrepreneurship in China. London Routledge.
The contrasting strategies of owner-managed and foreign-engaged joint ventures under market socialism in China
Zheng, P. 2012. The contrasting strategies of owner-managed and foreign-engaged joint ventures under market socialism in China. The International Entrepreneurship and Management Journal. 10 (3), pp. 539-560. https://doi.org/10.1007/s11365-012-0236-1
Entrepreneurial growth and ownership under market socialism in China: a longitudinal case study of small business growth
Zheng, P. 2012. Entrepreneurial growth and ownership under market socialism in China: a longitudinal case study of small business growth. Journal of General Management. 38 (2), pp. 5-37. https://doi.org/10.1177/030630701203800202
The restructuring of market socialism: the contribution of an 'agency' theoretical perspective
Zheng, P. and Scase, R. 2012. The restructuring of market socialism: the contribution of an 'agency' theoretical perspective. Thunderbird: International Business Review. 55 (1), pp. 103-114. https://doi.org/10.1002/tie.21526