Entrepreneurial universities in a world educational system

• Main Authors: Iryna Kalenyuk, Anastasiia Dyachenko
• Format: Article
• Language: English
• Published: Kyiv National Economic University named after Vadym Hetman 2016-12-01
• Series: International Economic Policy
• Subjects: Global educational system; university; entrepreneurial universities; diversification; endowment funds; fund raising
• Online Access: http://iepjournal.com/journals_eng/25/2016_4_Kalenyuk_Dyachenko.pdf
• ISSN: 1811-9832; 1812-0660

This article analyzes modern development tendencies of university activities, it proved establishing of a global educational system, which shows increase of university education role, competition escalating and transformation of modern universities functions. It comprehensively studies the process when universities, both traditional and modern – business ones, are extending their functions. The article studied the development of scientists’ beliefs related to the essence and forms of entrepreneurial universities. On a basis of generalization of existing approaches, the authors give definition of the essence of entrepreneurial university as a subject of educational, scientific and other allied activities, which receives financial resources from diversified sources, extends fields of its activities and services. The foundation of the system of extended and main criteria for definition of entrepreneurial universities was laid. The main ones are the following: considerable financial autonomy and receiving of significant funding from non-governmental and diversified sources. Amounts and financial funding structure of the world leading universities were analyzed. It was proved that income from activities, which are allied with the main one (educational) activity, increase. The article provides the amounts and the significance of international grants that ensure financial firmness, financial motivation of personnel, upgrades of facilities and resources, initiation and effectiveness of scientific-research activities of universities. Special attention was paid to research of such financial resources of the world leading universities as endowment funds, their scales, features and importance to boost economic capacities of higher education establishments. It was proved that it is important to consider world experience of entrepreneurial universities’ work within development and improving of competitive performance of Ukrainian higher education establishments in global educational system.