Academic journal article Library Philosophy and Practice

An Investigation into the Effective Factors on the Intention to Commercialization of Knowledge in a University: A Case Study

Academic journal article Library Philosophy and Practice

An Investigation into the Effective Factors on the Intention to Commercialization of Knowledge in a University: A Case Study

Article excerpt

Introduction

Commercialization is one of the key steps in the process of economic and social development of societies, which makes research and inventions turn into marketable products. Today, universities and education departments play a role in the economic development of societies. Commercialization of the knowledge is considered to be the third mission of universities; the idea holds that universities have a general socioeconomic role and a public responsibility to carry out, especially in their local areas and to their local stakeholders(Arbo, 2007; Jongbloed, Enders, & Salerno, 2008). Furthermore, (Etzkowitz, Webster, Gebhardt, & Terra, 2000; Nelles & Vorley, 2010)), emphasizing the need for knowledge commercialization, argue that commercialization activities are important mechanisms by which universities directly influence national and regional economic development.

The need to pay attention to the commercialization of knowledge in universities and to identify the factors influencing it for strategic planning in universities has become an undeniable principle today, which leads to a shift in the role of universities from knowledge producers to producers of capital from knowledge. This role shift takes place with the aim of improving the performance of the national or regional economy as well as generating financial benefits to the university and its staff, and leads to an increase in commercialization-related activities in the last two decades (Etzkowitz et al., 2000). Today, universities are struggling to communicate with the industry and the market, so that they can pave the way for development in addition to providing for their needs. Universities produce fundamentally new knowledge that, in time, becomes a key foundation for new technologies that improve productivity, promote economic growth, create jobs and wealth, and enhance a society's quality of life (Arora, Belenzon, & Patacconi, 2018; Pisano, 2010; Zahra, Kaul, & Bolívar-Ramos, 2018).

Science and the key managerial challenges surrounding its commercialization. As a result, the literature on corporate science commercialization is sparse and fragmented, especially when compared with work on academic entrepreneurship and university technology commercialization (Link, Siegel, & Wright, 2015; Shane, 2004; Siegle & Wright, 2015; Wright, 2007). This suggests an opportunity for greater dialogue between these two areas of research (Zahra et al., 2018). In order to have a scientific and economic development, it is necessary to, along with making proper plans, identify the factors influencing the process of knowledge commercialization in universities and to eliminate obstacles.

Lack of an understanding of the factors affecting the commercialization of academic research in different sectors will impose considerable costs and lost time to the community. By identifying the factors influencing the commercialization of academic research, the complexity of this process is reduced and its success rate increases, meanwhile students, faculty members and other researchers can identify the right path for their research. Therefore, the present study seeks to understand and identify the factors affecting the commercialization of knowledge in universities.

Considering the importance and place of universities and scientific centers in addressing the needs of society and moving towards capital production from the knowledge generated in these centers, it is necessary to introduce a model fitting the structural, environmental and human conditions of these centers for commercialization of knowledge. Accordingly, in this research, we use a path analysis model in a case study of the students at Engineering School of Shiraz University to investigate the effect of PE, UP, self-efficacy and SC on PBC, ACK and ICK of knowledge. Due to the fact that the technical and engineering fields of study provide a suitable platform for capital production from the commercialization of academic research, the Engineering Schools of Shiraz University are studied. …

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