摘要:Universities operate in an ever-changing environment, which is both continuous and rapid. This has increased the levels of uncertainty and, consequently, universities are facing difficult times, especially with regards to the evolution of their responsibilities to meet the needs and expectations of the stakeholders according to the altered business model under which they now must operate. Furthermore, they are expected, perhaps demanded, not only to behave in an entrepreneurial manner but also to put this behavior on display for both the immediate stakeholders and the wider community. What makes this even more complicated is the fact that a consensus on a single definition for entrepreneurship has yet to be reached. Therefore, it can be logically argued that entrepreneurial endeavors are “not an absolute but a continuum” set of behaviors ranging from the Schumpeterian waves of “creative destruction” to the Kirznerian market adjustment.