CH 4 Ofat 732 Qeko 92 Ggrmbha 2 JV 61
CH 4 Ofat 732 Qeko 92 Ggrmbha 2 JV 61
CH 4 Ofat 732 Qeko 92 Ggrmbha 2 JV 61
on
INNOVATION, STRATEGY, and STRUCTURE -
Organizations, Institutions, Systems and Regions
at
Copenhagen Business School, Denmark, June 15-17, 2011
James Cunningham
Abstract
Academic entrepreneurship is recognised as a critical component within wider macro level initiatives centred on the
realisation of innovative excellence and both regional and national economic growth.
Jelcodes:M13,L21
Title: Entrepreneurship in the Academy:
The Case for a Micro-Institutional Analysis
Over the last thirty years, the role of the academy within the wider context of national
economies has come under ever increasing levels of scrutiny, to the extent that the university
itself has been drastically re-conceptualised as a major engine for economic growth and
innovation within advanced, knowledge intensive economies (Etzkowitz and Leydesdorff
1999). The recent upheaval in the global economy has led policy makers and researchers
alike to reassert the essential role of the National Innovation System in generating the
conditions for sustained economic progress into the near future and beyond (Cunningham and
Harney 2006). It is difficult to overstate the centrality of Higher Education Institutions and
consequently of the research community within this vision. This transformation of the
traditional role of higher education institutions has led to an increasing demand on the
academy to generate ‘useful’ information and to ‘transfer’ it to the wider economy (Gassol
2007). As knowledge is increasingly recognised as a primary source of economic advantage,
the role of the university both as a producer of knowledge and as an agent of knowledge
transfer within society has become increasingly critical within projections of idealised
economic conditions (Etzkowitz et al. 2000).
Central to this process is the concept of academic entrepreneurship and, as such, academic
researchers are presented with an entirely new role which represents a clear and significant
departure from the traditional academic behavioural set (George and Bock 2009). In their
engagement with this entrepreneurial process, researchers are expected not only to discover
and develop promising research opportunities, but additionally to strategically develop and
commercialise their research for the creation of innovative goods and services (Benner and
Sandstrom 2000).
It is argued here, that it is highly significant that such macro level initiatives centred on the
promotion of research commercialisation, are heavily informed by an in-depth understanding
of the manner in which institutional factors shape the behaviour of researchers at a micro
level. If the desired organisational and economic outputs are to be achieved, the incorporation
of these considerations into the policy making process is surely a critical factor (Bercovitz
and Feldman 2008). What shall be articulated then, is a theoretical position which establishes
a research agenda for the exploration of the micro processes through which institutional
pressures impact upon the behaviour of academics, with respect to both the perceived
feasibility and appropriateness of commercialisation activity. As such, the discussion shall be
pursued in the light of the following research question:
How do the prevailing institutional logics shape the propensity of academic researchers to
engage with the research commercialisation process?
In outlining the institutional approach, the paper shall address the central institutional theory
concept of legitimacy as a means of framing the ‘institutional effect’ within the relevant
context. Having established the relevance of these themes the authors shall elaborate on the
critical questions posed by an institutional analysis with respect to the proliferation of
commercialisation activity. These questions concern the institutions power to shape both
resource flow configurations and individual preferences through a highly contingent set of
norms in a given context, wherein behaviour is driven not just an instrumental logic of
consequences but also through a logic of appropriateness (Thornton and Ocasio 2008).
Section 2 of this paper will initially address the conceptualised roles of Higher Education
Institutions (HEIs) in the knowledge economy, moving onto the emergence of the
‘entrepreneurial university’ as a phenomenon in section 3. This discussion will highlight the
centrality of the academic entrepreneur within these frameworks in section 4, as well as
offering an examination of the nature of the role of academic entrepreneurs. Sections 5 and 6
shall outline the theoretical background to the study with respect to key spheres of activity in
the institutional context from which academic entrepreneurs are to emerge, as well as the
institutional logics which define and describe the behavioural modes. Section 6 will also
establish the suitability of the application of a sensemaking analytical perspective in the
examination of individual level interpretations of the prevailing institutional logics. Sections
7 and 8 will offer an integrated analysis of the outlined theoretical perspectives with respect
to both the institutional framework and the academic entrepreneurship construct.
Throughout this conversation the paper will highlight the importance of the utilisation of an
institutional lens in the analysis of the context from which this commercialisation activity is
to emerge. As such, the paper will provide a conceptual basis for the employment of an
institutional analysis to this phenomenon, and in so doing demonstrate the potential for an
institutional perspective to inform existing perceptions of the academic entrepreneurship
phenomenon. Finally, the proposed methodological approach shall be described before the
paper is concluded.
This characterisation reflects the new institutional perspective portrayed in Etzkowitz and
Leydesdorff’s (1999) triple-helix framework. The triple-helix of university-industry-
government relations aims to transcend previous models of institutional relationships, and as
such account for “a new configuration of institutional forces emerging within innovation
systems” (Etzkowitz et al. 2000, p. 314). As Cunningham and Harney (2006) note, the
emergence of the triple-helix model indicated a paradigmatic shift in the understanding of
inter-institutional innovative processes, a shift which in itself arose as a consequence of four
primary factors:
Within this framework then, the innovative process comes to be viewed in a holistic and
systematic sense within which the university plays a critical role. As Etzkowitz and
Leydesdorff (1997) assert, “The development of academic research capacities carries within
itself the seeds of future economic and social development in the form of human capital, tacit
knowledge and intellectual property”, and as such, the challenge of channelling the flow of
knowledge in society falls to the university itself. While the university has always faced a
plurality of societal expectations, it is incumbent upon us here to trace a brief history of the
emergence of this particular ‘mission’, which we will do in the next section.
While certainly not the genesis, the Bayh/Dole Act represents a major point in the diffusion
of the concept of research commercialisation as a significant activity for HEIs (Berman
2008). In the aftermath of this act, the utilisation of HEIs for industrial development and the
stimulation of entrepreneurial activity received ever greater levels of both academic and
political interest in the wider global economy (Rosell and Agrawal 2009). The consequent
proliferation of both scholarly activity and political initiatives has led to a perhaps premature
but nevertheless understandable proclamation of a revolution within higher education, as
academics and politicians alike seek to acclaim the emergence of an entirely new economic
paradigm. This new paradigm is neatly encapsulated within the triple helix model, which
conceptualises economic performance and development as dependent upon the interactions
within the economy of three institutional domains; namely government, industry, and the
university (Cunningham and Harney 2006). As knowledge is increasingly envisioned as a
primary source of economic advantage, the role of the university both as a producer of
knowledge and as an agent of knowledge transfer within society has become increasingly
critical within projections of desired economic states.
The recognition of this critical role then has seen the development of a ‘third mission’ for the
HEI, namely the commercialisation of academic research for the purpose of economic
development, complementing the existing traditional ‘missions’ of teaching and the
conducting of basic scientific research. Of great significance however, is the extent to which
there is scepticism with respect to the scope for faculty to engage in commercial activity
while simultaneously retaining a due regard for traditional scientific values (Callinicos 2006),
and these concerns account for significant variance in the perception of research
commercialisation within academia itself. Additionally, the question of public good
dominates the rationale for the re-positioning of the role of academic organisations in society,
as the emergence of the third mission changes on a fundamental level the manner in which
university research is expected to contribute to society (Glenna et al. 2007). From the
perspective of an institutional analysis, these considerations have significant implications for
the manner in which the challenge of commercialisation is perceived at an organisational,
departmental, and individual level (Bjerregaard 2010). At the core of the literature’s efforts to
explain how this challenge is approached, lies the concept of academic entrepreneurship,
which is now addressed in more detail.
With the increased emphasis on knowledge as the key element of sustainable economic
competitiveness, the entrepreneurial potential of academia in turn increasingly found itself at
the core of important debates on the subject of economic development. Academia was now
confronted with both a supply and demand fuelled push towards an area of activity quite
novel to the traditional, Mertonian understanding of the role of the academic. From their
review of the literature, Klofsten and Jones-Evans (2000) identify and classify this
‘entrepreneurial’ activity on the part of academia under eight specific headings, each of
which falls outside the normally accepted duties of academics:
Such activity clearly represents a departure from traditional notions of academic behaviour,
and as Garrett-Jones et al. (2005) note, reflects far-reaching changes in the relationship
between science, industry, and society. The increased susceptibility of academic activity to
both market forces and social expectations, in turn serves to accentuate the cultural contrast
between the academic environment and the industrial one. As Cunningham and Harney
(2006) demonstrate, these cultural differences are many and they are extensive. Similarly
Siegel et al. (2003) asserts that there is an essential conflict in the primary motivations of the
university scientist on the one hand, and the firm or entrepreneur on the other. Additionally,
these motivations are continually reinforced by the demands of the relative institutional
environments.
What is noteworthy when one conducts a definitional examination of the academic literature,
is the extent to which academic entrepreneurship is regarded more as a phenomenon, than as
a clearly defined role. As such, the organisational and role context of their behaviour is
deemed to distinguish academic entrepreneurs from others who are engaged in
entrepreneurial activity. Nevertheless, for the purposes of terminological clarity and in the
interests of distinguishing academic entrepreneurship from wider interpretations of
entrepreneurship as an activity, a definition developed Brennan et al. (2007) is offered here;
While there appears to be growing consensus then, as to the nature of both entrepreneurial
academic activity itself and the potential conflict which it entails, there is in stark contrast, as
Bercovitz and Feldman (2008) illustrate, a growing gap in the literature with respect to the
institutional factors that differentiate the strategic behaviour of academics and in particular
impact upon their inclination to become academic entrepreneurs. This is borne out by the
dramatic variance in entrepreneurial performance across academic institutions (D’este and
Patel 2007). Therefore, the paper will now address this institutional context and its
implications for research commercialisation activity. The first part of the discussion shall
briefly examine the institution specific capabilities recognised within the literature as
fundamental to the realisation of the entrepreneurial university. The identification of these
spheres of activity provide crucial focal points for the analysis of institutional engagement
with commercialisation activity, and in so doing also establishes critical themes for exploring
perceptions of characteristically entrepreneurial behaviour at the individual level of analysis.
With that in mind, the primary focus shall then shift to the nature of the institution and its
implications for the emergence of entrepreneurially committed behaviours in the university
context.
The rapid expansion of the university entrepreneurship literature has produced predictable
fragmentation and diversification within the literature. Nevertheless the significance of
institution specific activity and consequently the organisational context has remained an
underlying theme upon which classifications of the wider phenomenon have been built. In
this mould, Nelles and Vorley (2010) advance an analytical framework for university
entrepreneurship centred on the conceptualisation of organisational dynamics within the
contemporary university institution. Building on comprehensive studies of the internal
determinants of commercialisation activity, this framework identifies five critical themes
through which the institution’s framing of local entrepreneurial activity can be both further
examined and understood, namely structures, systems, leadership, strategies, and culture.
Structural activity relates to the creation of support infrastructure for commercialisation
activities, most notably TTOs and incubators, but also decoupling of activity, division of
labour, and accounting procedures. Similarly as Henrekson and Rosenberg (2000) identify,
this theme may also encompass formal incentive structures and the extent to which they
stimulate engagement with third stream activity. The systems theme then concerns the
configuration of linkages and networks through which entrepreneurial activity is conducted
and within which researchers are embedded. These internal configurations of both formal and
informal relationships are a key determinant of the embeddedness of entrepreneurial activity
(Siegel et al. 2003)
The third theme within this framework relates to institutional leadership, and more
specifically, the entrepreneurial orientation of key actors in the university context. This
leadership can be embodied in the persons of departmental heads, star faculty members, or
formal authority figures in key administrative roles. Strategy represents the fourth theme and
is concerned with the formal articulation of institutional goals, as well as the measures taken
to implement the strategic vision into the functioning organisation. Strategy enjoys a
reciprocal relationship with the other themes in that it seeks to influence the identified
spheres of activity, as well as being in turn informed by them.
Finally, culture represents the fifth dimension of the entrepreneurial university. Of the
identified themes culture most intimately relates to the perceived normalisation of third
stream activities at the organisational, departmental, and individual level. As Kenny and Goe
(2004) assert, the cultural embeddedness of entrepreneurial activity is a powerful predictor of
individual attitudes towards commercialisation activity in the relevant context.
Having elaborated on the identified themes, the paper shall now discuss the theoretical
underpinnings of the institutional lens of analysis, and consequently establish its significance
within the context of academic entrepreneurialism.
6. Legitimacy, Institutional Logics, and Sensemaking at the Micro-Level
Legitimacy
As the literature has developed, legitimacy has emerged as the most central concept within
the theory of institutions (Colyvas and Powell 2006). In essence institutional theories focus
on legitimacy as an alternative to notions of efficiency or effectiveness as guiding
organisational goals (Scott 1995). As defined by Suchman (1995, p. 574), legitimacy “is a
generalised perception or assumption that the actions of an entity are desirable, proper, or
appropriate within some socially constructed system of norms, values, beliefs, and
definitions”. The survival of an organisation is dependent on its ability to attain legitimacy
through interactions with external constituents in their environment that are desirable and
acceptable within the appropriate institutional framework. Consequently, the incorporation of
externally legitimated structures and behavioural processes promotes the survival and success
of the organisation itself (Meyer and Rowan 1977). The institutional framework then, serves
to influence what constitutes legitimating behaviour, which in turn motivates the activities
undertaken by the organisation (Dillard et al. 2004).
With respect to organisational life, dimensions of legitimacy have regularly been drawn in
terms of the three main pillars of institutions, the regulative, normative, and cultural-
cognitive frameworks (Deephouse and Suchman 2008). Regulative institutional elements
refer to rule based sanctions through which an institution regularises and constrains
behaviour, normative elements to the prescriptive, evaluative, and obligatory dimensions of
social interaction, and finally cultural-cognitive elements which refer to the shared frames of
perception through which events are interpreted and meaning is created (Scott 1995).
Thornton and Ocasio (2008) argue that these dimensions are underpinned and ordered by the
prevailing institutional logics, and it is the prevailing logics of the relevant institutional
framework which serve to both determine the appropriate social objectives to be pursued by
the organisation, and describe the means through which they may be pursued.
Institutional Logics
As the organising principles of the field, institutional logics refer to the powerful belief
systems and associated practices which provide content and meaning to institutions, and as
such serve as a link between institutions and organisational actions (Reay and Hinings 2009).
Townley (1997) further asserts that in underpinning the social reality of individual actors, this
logic gives value and intrinsic worth to their activity. However, it is at the individual level
where institutional work is carried out that major gaps appear in the institutional logics
literature. As Suddaby (2010, p.17) emphasises, institutional logics, as powerful instruments
of behavioural regularisation must possess a “perceptual component that operates cognitively
at the level of individuals”. Reay and Hinings (2009) indicate that an awareness of the
prevailing logics on the part of the individual is demonstrated through their conscious
resistance to competing logics, and as observed by Townley (2002) in their tendency to
engage with novel behavioural modes on as superficial a level as possible when significant
contradictions are implied. What is clear then is that the legitimacy of certain behaviours,
congruent with an underlying institutional logic, become part of an individual’s internal
motivational system (Tyler 2006). In their evaluation of their environment, individuals in a
given institutional context apply a consistent set of normative standards against which new
events can be assessed (Weatherford 1991), and against which the consequences of their own
attitude towards novel activities can be determined (Townley 2002).
In establishing the micro-foundations of entrepreneurial behaviour in the academy it is also
incumbent upon us to utilise a theoretical perspective which enables us demonstrate the
micro-process through which the individual interprets the relevant institutional logics. To this
end, the authors propose the adoption of a sensemaking analytical perspective.
Sensemaking
According to Weick (1995), the process of sensemaking itself is understood in terms of the
following elements:
• grounded in identity construction;
• retrospective;
• enactive of sensible environments;
• focused on and by extracted cues;
• social;
• ongoing; and
• driven by plausibility rather than accuracy.
Sensemaking therefore serves as a perceptual framework for analysing responses around key
issues. As established by Jain et al (2009), examining the sensemaking processes that
individual academics undertake with respect to their engagement with the third mission
enable us to better understand the cognitive micro-mechanisms which underpin technology
transfer as a whole. In an environment where individual academic researchers are posed with
potential interruption to their routines and practices through the emergence of
commercialisation oriented initiatives (Bjerregaard 2010), sensemaking offers us a vital
bridge whereby we can alternate between the micro level, human actor orientated
perspectives of academic entrepreneurship, and the macro focused institutional lens of
analysis (Jensen et al. 2009).
Dacin (1997) argues that institutional characteristics have important resource consequences
for organisations because they shape people’s tastes and preferences and as a result, the
nature of their activities. Similarly Wright et al. (2009) assert that the institutional
characteristics of universities are likely to have a considerable impact on the development of
commercialisation processes, and consequently, are likely to play a substantial role in shaping
the emergence of any behaviour which can be considered ‘entrepreneurial’ in the non-
traditional sense. These assertions are drawn from the normative or sociological perspective
of institutional theory, and as such argue for the power of normative values and standards in
the shaping of individual behaviour in an institutional context (Peters and Pierre 1998). As
Peters and Pierre (1998, p. 568) further propose, behaviour in institutions is greatly
illuminated by the employment of a “logic of appropriateness” as opposed to a logic of
consequentiality. This has significant implications for our appreciation of the context from
which commercialisation behavioural processes are expected to emerge in the institutional
context of the academy. As Dillard et al. (2004) suggest, the motivation of legitimacy seeking
behaviours are in turn influenced by the socially constructed norms imposed by the
institutional context, suggesting that there is a relationship between the extent to which
commercialisation activity is considered legitimate within these social constructions, and the
extent to which there exists a propensity for the engagement with such activities on the part
of the individual academic.
Within this theoretical context then, it is of particular importance to consider the historical
perspective of institutionalism, which regards the institution as having evolved a core and
dominant set of collective values which over time come to shape the organisation as deeply
embedded value systems (Peters and Pierre 1998). From this perspective, change in how
organisations function over time is heavily influenced by institutional forces and as such,
organisations themselves can be understood as target-oriented and rule based systems that
adapt incrementally to past experience (Wezel and Saka-Helmhout (2005). As Ikenberry
(1994) argues, the impact of institutional structures lies in their limitation or facilitation of the
actions of individuals or groups, and consequently the interests pursued by actors within this
framework are shaped by the specific historical context from which institutional rules have
emerged. This perspective indicates that the implementation or in the wider sense the
emergence of new practices, norms, and values is a process characterised by conflict and
often by political struggle (Crouch and Farrell 2004)
As Colyvas and Powell (2006) indicate, the institutionalisation of the practice in perhaps the
foremost champion of academic entrepreneurship, Stanford University, took place through
sustained experience and standardisation of interaction sequences and the inculcation of
duties and expectations of conduct across the organisation. Similarly, Berman (2008) argues
that the taken-for-grantedness of research commercialisation only emerged after it was
sufficiently institutionalised through organisational, structural, and normative structures that
permitted the persistence and self-reproduction on the practice. The importance of legitimacy
therefore, is repeatedly demonstrated in the examination of the emergence of academic
entrepreneurship in the United States. What is similarly apparent, is that consideration of the
role of the institutional environment has not received a similar level of attention in the
European context (Philpott et al. 2011)
To this end, however, there have been a number of studies which recognised the potential
explanatory power of the institutional perspective in the context of academic
entrepreneurship. Bjerregard (2010) identifies fifteen studies which revolve around an
institutional analysis taking a primarily macro level perspective in contrast, it is asserted, to a
growing move in the institutional research agenda towards understanding how institutional
logics are carried into micro level interactions by human actors. Such a move in the context
of the third mission literature is cited by Bercovitz and Feldman (2008) as a significant and
necessary step in the development of the literature. As suggested by Philpott et al. (2011), the
high profile commercialisation successes of a relatively small number of universities has led
to an entrepreneurial mythology from which a premature focus on hard commercialisation
activities and the attendant hard structures has been drawn, at the expense of a deeper
analysis of local institutional processes. It is proposed that this study shall seek to address this
deficit and shall in so doing provide unique insights into the process through which the
institutional context shapes the orientation of faculty towards engagement with the third
mission.
8. An Institutional Perspective on Barriers to Academic Entrepreneurship
In light of the discussion outlined, a distinct research agenda has emerged. A critical element
of the overarching research topic is the significance of the extent to which research
commercialisation as an activity is embedded within the value system of the institutional
framework, and in particular the extent to which it is prioritised or legitimised in the form of
reward mechanisms such as peer recognition, and career progression. As identified by
Cunningham and Harney (2006), the impact of socio-cultural factors within the institutional
framework is highly significant and is regularly cited by university scientists as a central
element in the engagement with the commercialisation process. Similarly Dolfsma and
Verburg (2008) emphasise the importance of the institutionalisation of behaviour as a
valuable socio-cultural activity if it is to be replicated by individuals. Within this framework
‘values’ are addressed as socially shared cognitive representations of institutional goals and
demands (Dolfsma and Verburg 2008).
As articulated in section 6, previous surveys of the entrepreneurial university literature have
revealed a number of critical spheres of activity upon which the proliferation of
commercialisation activity in a university context depends. Nelles and Vorley (2010) identify
these key areas as structures, strategies, systems, culture, and leadership. Similarly
Cunningham and Harney (2006) point to critical issues such as research culture, normative
support, strategic missions, institutional leadership, and organisational structures as being
significant indicators of deeper institutional commitment to the third mission as a whole. This
assertion is echoed in Philpott et al.’s (2011) findings who argue that underlying tensions in
the relationship between the traditional academic behavioural modes and those compatible
with the third mission, revealed themselves in efforts to operationalise entrepreneurial
initiatives at micro level and were articulated in terms of conflict with cultural norms,
through conflict with interpretations of pre-existing strategy, and through perceptions of an
absence of institutional leadership commitment.
These findings are in tune with what we would expect to find when there is an absence of
congruence between projected behavioural modes and the prevailing logics which underpin
institutional legitimacy in a particular context. Cunningham and Harney (2006), D’este and
Patel (2007), and George and Bock (2009) further attest to the reluctance of human actors to
engage with commercialisation activities when such incongruence reveals itself though
inflexible attitudes to funding, working conditions, skills acquisition, or performance
assessment in their environment. The provision of these elements, or lack thereof, within the
relevant institutional context is likely to greatly impact on the propensity of researchers to
engage with the process as a whole.
As such, the central spheres of activity outlined appear highly suitable as avenues of
investigation in pursuit of the guiding research question. As focal points in the emergence of
an entrepreneurial architecture, they serve as important indicators of the underlying
institutional commitment to the third mission. Similarly, they serve as important indicators to
the individual academic with respect to the legitimacy of commercialisation behaviour, and
as such represent series of cues for action which can be extracted as signifiers of desired
preferences and ends (Mills et al. 2010).
These themes provide a basis for the pursuance of the research question as identified in
section 1. The paper will now outline a methodological framework for conducting the
proposed study.
9. Methodological Approach
This section will outline considerations relating to the research methodology which will be
employed in pursuit of the central research question. A brief outline of the philosophical and
methodological alternatives will be provided, as well as a proposed research design.
Unit of Analysis
The unit of analysis in this study is the Principal Investigator (PI). As proposed by the
national Strategy for Science, Technology and Innovation (SSTI), Principal Investigators
have a central role in the delivery of an internationally competitive research base, and as
such, they are recognised as playing a critical role in the development of the National
Innovation System. Therefore, the propensity of PIs to engage with the process of research
commercialisation is at the very core of the development of the ‘third mission’, and as such is
a crucial element in the wider context of national economic development. A sample of multi-
disciplinary composition is deemed central to capturing a representative picture of the
institutional context within which commercialisation of research is expected to occur.
As Burrell and Morgan (1979) suggest, there are four main philosophical debates which
dominate research in the social sciences, namely the ontological debate, the epistemological
debate, the human nature debate, and the methodological debate. Out of these debates, two
major philosophical traditions have arisen, the subjectivist approach to social science and the
objectivist approach to social science. Figure 1 below offers a continuum which highlights
the major distinctions between the two.
Figure 1
Source: Holden and Lynch (2004) adapted from Morgan and Smircich (1980)
Given the explorative nature of the proposed study and the phenomenological nature of
neoinstitutionalism in particular, it is suggested that reflecting these issues in the choice of
methodology must centre on capturing insiders perceptions of events. As Schultz et al. (2000)
propose, understanding how larger forces influences behavioural processes is about tapping
into the rich data of individuals experiences, as much as it is about labeling with accuracy..
Greenwood (2002, pp. 128-129) suggests that an inherent strength of the subjective approach
lies in the fact that it “mobilizes relevant knowledge from people in a position to know their
condition far better than conventional research can do with its extractive approach” (Shotter
2003)
The two major methodological alternatives for research in the social sciences are the
quantitative approach, characterised by its focus on the quantification and standardised
measurement of data; and the qualitative approach, which is concerned with the collection
and analysis of data that is much more difficult to quantify, and as such, places emphasis the
interpretation of the world by its participants. In the light of the above discussion then, it is
proposed that given the subjective nature of the topic under investigation, qualitative research
offers much greater potential for the collection of rich, insightful data, which will generate a
much greater understanding of the phenomenon under investigation. Gillham (2000, p.11)
states that a qualitative approach enables the researcher to explore phenomena that are
beyond the reach of more controlled methods, allowing the researcher to understand the
“informal reality” of the internal workings of the organisation (Ross 2006).
Conclusion
This paper has sought to articulate a theoretical position which establishes a research agenda
for the exploration of the micro-processes through which institutional pressures impact upon
the behaviour of academics with respect to the perceptions of the feasibility and
appropriateness of commercialisation activity. It has been asserted that an examination of the
process through which academic researchers interpret and make sense of cues for action in
their environment poses significant potential for the generation of fresh and unique insight
into the micro-foundations of the entrepreneurial university and academic entrepreneurship as
a whole.
In so doing the authors have outlined both the emergence of the entrepreneurial university,
and the nature of academic entrepreneurship as a mode of behaviour. Additionally, the
theoretical underpinnings of key constructs such as institutional logics, legitimacy, and
sensemaking have been addressed, as well as the implications they hold as a combined
theoretical lens for the analysis of commercialisation activity in university faculties. As such,
the paper has provided a conceptual basis for the employment of an institutional analysis to
the phenomenon of academic entrepreneurship, and in so doing has demonstrated the
potential for an institutional perspective to inform existing perceptions of the academic
entrepreneurship phenomenon.
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