Preview

Changing Roles of Universities in Developing Entrepreneurial Regions:

Powerful Essays
Open Document
Open Document
5148 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Changing Roles of Universities in Developing Entrepreneurial Regions:
Changing Roles of Universities in Developing Entrepreneurial Regions: The case of Finland and the US

Alok K. Chakrabarti and Mark Rice

MIT-IPC-03-003

September 2003

Changing Roles of Universities in Developing Entrepreneurial Regions: The Case of Finland and the US Alok Chakrabarti and Mark Rice MIT IPC Working Paper IPC-03-003 September 2003

Universities have critical roles as sources of intellectual property and talent in regional development and high technology industries. We present a theoretical framework based on social capital and knowledge management literatures describing the knowledge generation and transfer processes for universities. Our research questions are: 1. What are the roles of universities in regional economic development with respect to knowledge generation and transfer processes and how are these role changing? 2. How do these roles and trends differ between the U.S. and. Finland?

The views expressed herein are the author’s responsibility and do not necessarily reflect those of the MIT Industrial Performance Center or the Massachusetts Institute of Technology.

1 Changing Roles of Universities in Developing Entrepreneurial Regions: The Case of Finland and the US 1 Alok Chakrabarti Industrial Performance Center Massachusetts Institute of Technology & New Jersey Institute of Technology Mark Rice F. W. Olin Graduate School of Business Babson College ABSTRACT Universities have critical role as sources of intellectual property and talent in regional development and high technology industries. We present a theoretical framework based on social capital and knowledge management literatures describing the knowledge generation and transfer processes for universities. Our research questions are: 1. What are the roles of universities in regional economic development with respect to knowledge generation and transfer processes and how are they changing? 2. How do these roles and trends differ in the U.S. vs. Finland? INTRODUCTION The

You May Also Find These Documents Helpful

  • Good Essays

    Acc 557 Assignment 2

    • 1149 Words
    • 5 Pages

    References: Casson, M., & Buckley, P. J. (2010). Entrepreneurship : Theory, Networks, History. [N.p.]: Edward Elgar Publishing, Inc…

    • 1149 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Leiponen, A., Helfat, CE ( Helfat, Constance E.)2 (2011). Location, decentralization, and knowledge sources for innovation. Organization Science, 22(3) : 641-658.…

    • 1286 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Casas, R..; Etzkowitiz and Carvalho de Mello, J. (2005): Knowledge for Innovation: New Directions for Latin American University-Industry-Government Interactions. New York:…

    • 6485 Words
    • 26 Pages
    Powerful Essays
  • Good Essays

    1. Introduction From around 1938 to 1974, the economy was built on a manufacturing base geared toward standardized production. It was organized into stable, hierarchical and generally autocratic organizations. These organizations achieved a competitive edge in the market by making standardized products faster and more economically. They focused on incremental cost reductions and a national marketplace. This is how success and prosperity were achieved in most states. (Jacquelyn P. Robinson, 2000) Now that companies can source capital, goods, information, and technology from around the world, often with the click of a mouse, much of the conventional wisdom about how companies and nations compete needs to be overhauled. In theory, more open global markets and faster transportation and communication should diminish the role of location in competition. After all, anything that can be efficiently sourced from a distance through global markets and corporate networks is available to any company and therefore is essentially nullified as a source of competitive advantage. (Michael E.Porter, 1998) Traditional concepts of the factors of production need to be changed - Was land, labour and capital, now need to add knowledge. A firm 's ability to gather, process and distribute information into enterprise wide knowledge is a core competence in competitiveness. http://www.scribd.com/doc/28758846/Information-Economy-and-Knowledge-Management; accessed on 26.12.2010…

    • 6810 Words
    • 28 Pages
    Good Essays
  • Satisfactory Essays

    Case Study Chapter 2

    • 321 Words
    • 2 Pages

    The universities can used to be seen as standalone institution but no all universities actually can achieve their goal and objective. In ways to develop the competitive advantage, universities must encounter much challenge in ways to gain support with other parties such as government and non-government to develop produced excellent, creative, innovative students that efficient in professional skills thus drive the nation towards a high income economy.…

    • 321 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Hope that you all thoroughly enjoyed the last lazy days of summer, and have settled into the cool, crisp, weather of fall. We traded baseball and softball games for football and soccer, and fall softball leagues, so we still have no rest around here! Our men and women’s basketball and volleyball seasons are in full swing at the college, so almost 5 or 6 nights a week, I get to watch somebody play some kind of “ball”! I guess that’s what keeps me going! Was able to have a nice visit in October with Allan and Dot Brennecke and Bill Brenecke in St. Louis. Aunt Marilyn and I took a road trip to see them and we hope that you all enjoy the many photos they shared for this edition, and some to go in the January edition. I have some excerpts from letters written by Ed Brennecek, Allan and Bill’ father, to their mother before they were married. Ed mentions Pete French several times in his letters from 1918 anyone have a few tales on Pete? I know he is related to Erma (Harding) Merrill on her mom’s side. I can barely remember him as a kid, seems like the school we Merrill kids rode went by their house.…

    • 414 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Residential School System

    • 1896 Words
    • 8 Pages

    It discusses the decentralized system of post-secondary education between provinces and its connection to how federal tax dollars for post-secondary will be spent, but also the structure of their post-secondary system itself. This article overall focuses on academic capitalism and presents data on post-secondary expenditures, contrasts provincial and federal policies, resource allocation, and revenue generation. It discusses policy initiatives that have actually increased Canadian academic capitalism, some which are very obviously entrepreneurial, even more so than that of the United States. This article was done in order to re-assess a previous paper done on the matter, and has brought forth the evidence that Canada has shifted to a structure of academic capitalism due the decreased public funding and increased private funding – public meaning from the provincial or federal level, and private from an institutional, tuition, and industrial level. Metcalfe’s paper discusses at length the Canadian Foundation for Innovation; the CFI is to be understood as an intermediating organization which is situated between government, academia, and industry . The CFI promotes the “institutionalization of entrepreneurial behaviour” within post-secondary education by requiring government funded research grants to be matched by industry. They are essentially increasing the ties between institutions and the private…

    • 1896 Words
    • 8 Pages
    Better Essays
  • Better Essays

    This Side Of Paradise

    • 1357 Words
    • 6 Pages

    From the beginning, when America became independent from the England Empire in 1776, this great country has been making truly great Americans, whether if someone was African, White, Mexican or any race or ethnicity, America has welcomed them all with open arms. Young and old or wise and adventurous many people that have loved and lost have molded and shaped the America that is here today. During the readings of This Side of Paradise by Scott Fitzgerald, Armory, the lead character in the book, would distinguish himself as an American by the passion he had for his true love, to the patriotism that he had for his country, and acting upon his right to freedom of speech when he thought it was right. It will be known…

    • 1357 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    References: Brown, R. 2000. Clusters, Innovation and Investment: Building Global Supply Chains in the New Economy, Australian Project Developments Pty Ltd, Canberra. DITR [Department of Industry, Tourism, and Resources] 2005. A Framework for Industry Policy Development. Commonwealth Government of Australia publications, Canberra. Doeringer, P.B. & D.G. Terkla. 1995. Business Strategy and Cross-Industry Clusters. Economic Development Quarterly, Vol. 9 (3): 225-237. Drejer, I., Kristensen, F.S. and Laursen, K. 1999. Studies of Clusters as a Basis for Industrial and Technology Policy in the Danish Economy. OECD Publications, pp. 293310. Enright, M. J. and Roberts, B. H. 2001. Regional Clustering in Australia. Australian Journal of Management, Vol. 26, Special Issue. pp. 65-86. Florida, R. 2002. The Rise of the Creative Class. New York: Basic Books, Ch.12. Guinet, J. 1999. Boosting Innovation: The Cluster Approach. OECD Publications, p. 8. OECD, Paris. Gunasekara, C. 2005. The role of universities in shaping regional agglomeration: case studies in the Australian setting. Int. J. Technology Transfer and Commercialisation, Vol. 4, No. 4, pp. 525-539. Jacobs, D. and De Man, A.P. 1996. Clusters, Industrial Policy, and Firms Strategy. Carfax Pub. Co. pp. 425-437. Marceau, J. 1999. The Disappearing Trick: Clusters in the Australian Economy. OECD Publications, pp. 155-171. OECD, Paris. Martinez, C. 1998. Industry Clusters: Competitive Advantage Through Innovation. Hunter Regional Development Organisation. OECD [Organisation for Economic Co-operation and Development]. 2007. Competitive Regional Clusters: National Policy Approaches. Regional Innovation Reviews, Summary in English. Pender, M. 1999. Creating a Coherent Design for Cluster Analysis and Related Policies: The Austrian ‘TIP’ Experience. OECD Publications, pp. 339-356. OECD, Paris. Porter, M. 1990. The Competitive Advantage of Nations. Macmillan Inc., New York.…

    • 5812 Words
    • 24 Pages
    Powerful Essays
  • Powerful Essays

    1. Entrepreneurship and Economics – An Economic Perspective This is written based on the conviction that both entrepreneurship and economics are important phenomena, both in theory and in practice. It is further deduced that less entrepreneurship has as a consequence less innovation and fewer business start-ups with its consequences on employment and economic growth. In this context, entrepreneurs are needed to organize, manage and assume the risks of business or enterprise which represent processes which are positive for society. The perspectives on entrepreneurship as a phenomena in social, business and economics are varied, and ranging from the processes individuals go through from becoming “motivated to discover” an innovation and converting it into something of value to themselves and to society, to the managed entrepreneurial processes in large firms and further to the macro-economic impacts on economic growth through innovation. Entrepreneurship thus is personal and individual, but with a local, regional and national impact. Also the taxonomy of the consequence of entrepreneurial activities varies, from value created in a small business start-up to the collective creation of economic value on the level of society, the latter with obvious more complex measurement and even political consequences. Traditionally, that is in classical economics, three means of production are usually discussed, namely capital, labor and land – and to this many would add entrepreneurship and possible competence or knowledge to coordinate and organize the value creation process. Neo-classical economics and its positivistic and rational market assumptions, however, do not have space for the entrepreneur beyond the role of allocation of…

    • 1278 Words
    • 6 Pages
    Powerful Essays
  • Best Essays

    This paper explains why Germany and Norway are one of the wealthiest nations in the world by using 4 key concepts – Comparative advantage, Innovation progress, Economic freedom and Culture. These four key concepts show us what has had to be done for such economic success. Despite quite many obstacles and bureaucracy in setting up a business in Germany the entrepreneurs are still willing to start business here. This happens due to tight private property rights. In fact, it is easier to set up business in Norway than in Germany. On the other hand Germany has way much better location for an international trade, which has propelled Germany to become the second largest exporter in the world. However, the international trade in Germany and also in Norway would not be possible without people’s creativity and desire to develop innovative and new technologies. Entrepreneurs are ones who innovate and create new technologies. Innovations and new technologies are the basic elements of economic growth.…

    • 4457 Words
    • 18 Pages
    Best Essays
  • Good Essays

    My country needs more skilled innovators who can create and launch cutting-edge products and services to keep India at the forefront of the technological tide. But we don’t have many first rate entrepreneurial studies programs like those that have produced by UK Universities.…

    • 368 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Org Bahavior

    • 60370 Words
    • 242 Pages

    Case 22: Science Fit, Austria Case 23: FFG, Austria Case 24: TTI, Belgium Case 25: Promotech, France Case 26: UnternehmerTUM, Germany Case 27: The Partnering University Approach, Germany Case 28: Telekom Innovation Laboratories, Germany Case 29: Minor Entrepreneurship, Netherlands Case 30:…

    • 60370 Words
    • 242 Pages
    Good Essays
  • Good Essays

    * Knowledge based economic economy shows that people are a strategic advantage of organization so social capital and human capital have emerged*…

    • 1643 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    This article has the following objectives: developing the need for assessing knowledge capital at the national economic level; review of a national case study of how intellectual capital assessment was done in case of one nation state; suggesting implications of use of such assessment methods and needed areas of advancement; and highlighting caveats in existing assessment methods that underscore the directions for future research. With increasing emphasis on aligning national information resource planning, design and implementation with growth and performance needs of business or nation, better understanding of new valuation and assessment techniques is necessary for information resource management policymakers, practitioners and researchers.…

    • 7707 Words
    • 31 Pages
    Powerful Essays