Intellectual Entrepreneurship: Theories, Purpose and Challenges

Adebiyi Julius Abosede and Adegbemi Babatunde Onakoya
International Journal of Business Administration
Vol. 4, No. 5; 2013, 30-37.

logo for International Journal of Business Administration"Intellectual entrepreneurship is creating synergistic relationships among academic disciplines and between intellectuals on and off campus in order to sew seamless connections among disciplines and between the academy and the public and private sectors. Intellectual entrepreneurship is about harnessing, integrating and productively utilizing intellectual energy and talent wherever it is located in order to promote academic, cultural, political, social and economic change. Intellectual entrepreneurship takes advantage of the knowledge assets contained within walls of the university and empower faculty and students to become change agents both internally and externally (Cherwitz and Hartelius 2007).

The intellectual entrepreneur is relevant in many facets. These can be seen in the key drivers of entrepreneurship. These include, among others: (i) Sustaining Entrepreneurial Education: Intellectual entrepreneurship offers an authentic philosophical foundation for sustaining cross-campus entrepreneurship education. Cherwitz and Darwin (2005) posit that the purpose of intellectual entrepreneurship is to nurture and educate "citizen-scholars" throughout the citadel of learning. (ii)Harnessing Resources: Intellectual entrepreneurship is predicated upon the knowledge assets contained within the walls of the university. This empowers faculty and students to become change agents within and outside the campus (Cherwitz and Hartelius 2007). In recognition of the rich humanistic traditions upon which the university is based, intellectual entrepreneurship harnesses the core philosophy of western education and transforms the master-apprentice-entitlement paradigm into one of invention, ownership, responsibility, collaboration, and implementation (Beckman and Cherwitz, 2008). Intellectual entrepreneurship has the advantage of further expanding the utility function of resources thereby raising resource value."

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