PERSPECTIVES OF UNIVERSITY GOVERNANCE FOR THE DEVELOPMENT OF ENTREPRENEURSHIP

• Main Authors: Mariana LUPAN, Ruxandra BEJINARU
• Format: Article
• Language: English
• Published: Editura Univeristatii "Stefan cel Mare" din Suceava 2019-06-01
• Series: USV Annals of Economics and Public Administration
• Subjects: university; knowledge-based economy; entrepreneurship; governance; strategy.
• Online Access: http://www.annals.seap.usv.ro/index.php/annals/article/view/1126/954
• ISSN: 2285-3332; 2344-3847

In the current context, the university is seen as an engine for changing those models of government and leadership able to transforming it into an entrepreneurial university. This strategic perspective is not an isolated one, but a massive one that is imposed for more and more universities. Similarly to business entities, universities need to find a dynamic to adapt to the demands of the knowledge-based economy. Thus, they must develop appropriate strategies to develop intellectual capital and create value in the local community and society. These new requirements of the knowledge-based economy create a growing pressure on universities and implicitly generate major mutations in their governance. In this sense, we believe that academic governance needs to be directed so as to improve the relationship between intellectual capital and performance management. We aim to present the roles of great influence attributed to universities and to argue the need for the development of entrepreneurial initiatives. We will look at both the opportunities and the difficulties faced today by universities on several levels. We support the relevance of this analysis to the idea that universities focused on entrepreneurship, technological development and research have a strong impact on the local economic environment. Actually, the economic development is produced through the entrepreneurial ecosystem created in these universities, start-ups created by students and spin-offs developed in research universities. We will approach a series of strategies that need to be applied by universities that are interested in becoming more active in the field of entrepreneurship.