Posted By Administration,
Thursday, September 18, 2008
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The Impact of College Entrepreneurship on Faculty Entrepreneurial Spirit
The presentation will describe the findings of a research that compares faculty at entrepreneurial colleges with faculty at randomly selected colleges on measures of entrepreneurial spirit and make recommendations to CEOs wishing to enhance faculty and staff entrepreneurial spirit.
To develop an entrepreneurial college that will grow and be self-sustaining over a long time, faculty entrepreneurial spirit must be developed. When this is done, instructors will influence students to engage in entrepreneurial activities, earn money for themselves and the college, and positively affect business and community development. In order to learn about developing the faculty entrepreneur, this study examines the extent to which “college entrepreneurship” contributes to the entrepreneurial spirit of the faculty in community colleges. The instructors in colleges that have embarked on significant entrepreneurial activities are compared with instructors in community colleges that are randomly selected. The measures of faculty entrepreneurial spirit include attitude toward college entrepreneurship, entrepreneurial self-efficacy, and risk-taking tendencies.
The results of the study show that community college faculties have a high degree of interest in becoming faculty entrepreneurs. They believe that their colleges have capacities and resources to engage in entrepreneurial activities that will benefit the individual, the college, the students and the local economy. The results also show that entrepreneurial spirit is higher among faculty at entrepreneurial colleges. The faculty scores on attitude, entrepreneurial self-efficacy and risk-taking tendencies are consistently higher among entrepreneurial colleges than at randomly selected colleges. Entrepreneurial colleges are apparently able to provide opportunities for the entrepreneurial desires of their faculty while also obtaining resources for themselves. The results of this study form the basis for recommending some actions that would encourage entrepreneurial behavior among community college faculty and staff.
Sunday O. Faseyitan, Dean of Science and Technology, Butler County Community College, PA