Faculty Entrepreneurship: Transforming Academic Expertise in the Evolving Higher Education Landscape, by Jonathan H. Westover PhD

Episode notes

Abstract: This article examines faculty entrepreneurship as a strategic response to the evolving higher education landscape, exploring how academics can translate specialized knowledge into consulting, speaking, and content-creation ventures while maintaining scholarly integrity. Drawing on empirical research and successful implementation cases, the analysis reveals significant benefits at individual, institutional, and societal levels - including enhanced research productivity, improved faculty retention, expanded knowledge transfer, and accelerated research-to-practice translation. Despite these advantages, substantial barriers persist, including restrictive institutional policies, academic cultural resistance, and faculty knowledge gaps regarding business development. The article presents evidence-based frameworks for supporting faculty entrepreneurship through policy reform, structured development programs, and practical resource provision, illustrated through case studies across diverse disciplines.

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