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The academic firm: a new design and redesign proposition for entrepreneurship in innovation-driven knowledge economy

Author

Listed:
  • David F. J. Campbell

    (Alpen-Adria-University Klagenfurt
    University of Applied Arts)

  • Elias G. Carayannis

    (The George Washington University)

Abstract

The academic firm is a type of firm (firm-based organization or institution) that is being driven by focusing on encouraging, supporting, and advancing knowledge production (research, research and experimental development, R&D) and knowledge application (innovation). The academic firm interprets and qualifies a disciplinary (interdisciplinary) variety of the background of its employees (and their competences) as a potential opportunity and asset to perform creatively in knowledge production and knowledge application. The academic firm has an interest to engage in networks with universities (higher education institutions) or other academic research institutions, driven out of a desire to access university knowledge (for example, basic university research). In general, the academic firm values engagement in diversified networks as a form for creating knowledge as well as benefitting from opportunities. The academic firm accepts in principle, in certain situations even promotes, split employment or “cross-employment” (multi-employment) of its employees with other (academic) organizations or institutions, for example universities or other higher education institutions. The proposition here is that the academic firm represents a new design (and redesign) for entrepreneurship in innovation-driven knowledge economy.

Suggested Citation

  • David F. J. Campbell & Elias G. Carayannis, 2016. "The academic firm: a new design and redesign proposition for entrepreneurship in innovation-driven knowledge economy," Journal of Innovation and Entrepreneurship, Springer, vol. 5(1), pages 1-10, December.
    • Handle: RePEc:spr:joiaen:v:5:y:2016:i:1:d:10.1186_s13731-016-0040-1
    DOI: 10.1186/s13731-016-0040-1
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    References listed on IDEAS

    as
    1. David F. J. Campbell & Elias G. Carayannis, 2013. "Epistemic Governance in Higher Education," SpringerBriefs in Business, Springer, edition 127, number 978-1-4614-4418-3, January.
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    Citations

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    Cited by:

    1. Danilo Boffa & Antonio Prencipe, 2021. "The Emerging Contextual Effect of University Spin-offs and its Role in Spurring Innovation in Regional Area," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 11(6), pages 1-3.
    2. Antonio Rodríguez-Peña, 2021. "Assessing the impact of corporate entrepreneurship in the financial performance of subsidiaries of Colombian business groups: under environmental dynamism moderation," Journal of Innovation and Entrepreneurship, Springer, vol. 10(1), pages 1-27, December.
    3. Elias G. Carayannis & David F. J. Campbell & Evangelos Grigoroudis, 2022. "Helix Trilogy: the Triple, Quadruple, and Quintuple Innovation Helices from a Theory, Policy, and Practice Set of Perspectives," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(3), pages 2272-2301, September.
    4. Daniyar T. Baitenizov & Igor N. Dubina & David F. J. Campbell & Elias G. Carayannis & Tolkyn A. Azatbek, 2019. "Freelance as a Creative Mode of Self-employment in a New Economy (a Literature Review)," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(1), pages 1-17, March.
    5. Elias G. Carayannis & Klitos Christodoulou & Panayiotis Christodoulou & Savvas A. Chatzichristofis & Zinon Zinonos, 2022. "Known Unknowns in an Era of Technological and Viral Disruptions—Implications for Theory, Policy, and Practice," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(1), pages 587-610, March.
    6. Quang-Hoi Vu & Thu Trang Vuong & Quan-Hoang Vuong, 2016. "Relationship between past experience, social network participation and creative capacity: Vietnamese entrepreneurship survey," Working Papers CEB 16-032, ULB -- Universite Libre de Bruxelles.
    7. Elias G. Carayannis & David F. J. Campbell, 2021. "Democracy of Climate and Climate for Democracy: the Evolution of Quadruple and Quintuple Helix Innovation Systems," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(4), pages 2050-2082, December.
    8. Igor N. Dubina & David F. J. Campbell & Elias G. Carayannis & Anna A. Chub & Evangelos Grigoroudis & Olga V. Kozhevina, 2017. "The Balanced Development of the Spatial Innovation and Entrepreneurial Ecosystem Based on Principles of the Systems Compromise: A Conceptual Framework," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(2), pages 438-455, June.
    9. Jan Ole Rypestøl, 2017. "Regional industrial path development: The role of new entrepreneurial firms," Journal of Innovation and Entrepreneurship, Springer, vol. 6(1), pages 1-19, December.
    10. Sean Kruger & Adriana Aletta Steyn, 2020. "Enhancing technology transfer through entrepreneurial development: practices from innovation spaces," The Journal of Technology Transfer, Springer, vol. 45(6), pages 1655-1689, December.
    11. Kruger, Sean & Steyn, Adriana Aletta, 2024. "Developing breakthrough innovation capabilities in university ecosystems: A case study from South Africa," Technological Forecasting and Social Change, Elsevier, vol. 198(C).
    12. Rödl, Malte B. & Boons, Frank & Spekkink, Wouter, 2022. "From responsible to responsive innovation: A systemic and historically sensitive approach to innovation processes," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    13. Elias G. Carayannis & David F. J. Campbell & Evangelos Grigoroudis, 2021. "Democracy and the Environment: How Political Freedom Is Linked with Environmental Sustainability," Sustainability, MDPI, vol. 13(10), pages 1-15, May.

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