Role of Entrepreneurial Leadership and Commercialization of University Research: A Review

Abstract

Recently, universities are playing active role in economic development of the country, besides their traditional role of teaching and research. Research has shown that the increasing global trend of entrepreneurial activities emerging in major academic institutions have left universities with no choice but to re-invent their operational activities and engage themselves in entrepreneurial activities to remain competitive globally. However this transformation required entrepreneurial leadership that can lead universities to enhance the commercialization of their research. Thus, in this regard, entrepreneurial leadership is inevitable for universities. Current study provided the review of literature which argues the need for entrepreneurial leadership in the context of commercialization of university research.

Determinants of Academic Entrepreneurship: A Strategic Entrepreneurship Model

“…When it comes to the academic setting of universities, academics strive to be innovative through commercialization of research, and this can only be achieved by facilitating the inventors and researchers to be more innovative in their approach and by providing incentives for them to commercialize (Pane, Dileep, & Yusoff, 2015). This is on the basis that effective entrepreneurial organization or community is characterized by the fact that the leaders exert visible effort to extend their support in various entrepreneurial activities (Pane, Dileep & Yusoff, 2015). Therefore, the following proposition is formulated;…”