Understanding Entrepreneurial University

Abstract

Universities globally are facing new challenges and rapid changes like the increased pace of technological progress, demographic shifts, reduced funding, new skills requirement, competition, etc. These challenges and changes call for academic revolution in universities. This implies a need to make these organizations more entrepreneurial in their thinking and approaches, hence the term entrepreneurial universities. Further, they are expected to create the future by educating those to whom the future belongs and by generating the ideas and discoveries that can transform the present and build a better world. In the current context, educating those to whom the future belongs means providing them with solid knowledge and entrepreneurial skills for coping with future challenges, generating ideas and innovations and transferring them to build a better world. Adopting a qualitative approach with an in-depth literature review, the aim is to understand the entrepreneurial university and its role, and to provide a framework for their development in emerging economies.