Innovation management of higher education institutions: A study of entrepreneurial competence development and further governance

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Abstract

Innovation management of educational institutions as agents of change and development of entrepreneurial competencies is a focus of attention entering the volatility, uncertainty, complexity and ambiguity (VUCA) era in Indonesia because higher education is recognized as a locus for the development of innovation, science, technology, and art. The purpose of this article is to understand the role of educational institutions, especially Muhammadiyah University (UNISMUH) in Makassar, in managing innovation and developing entrepreneurship competencies as agents of change. The descriptive-qualitative research method with a phenomenological approach is applied in collecting data to be processed and analyzed using an interactive model. The results of the study found that creativity, basic values, and strategic value orientations of innovation and entrepreneurial competency development based on Muhammadiyah higher education institutions (HEIs) in Makassar through a knowledge management approach (KMA) have raised the image of HEI as agents of change and innovation in the local government context. The application of KMA through the process of knowledge creation in educational innovation and entrepreneurship programs is an integral part of the Independent Learning Independent Campus (Merdeka Belajar Kampus Merdeka — MBKM) program which is encouraged nationally.

Keywords: Innovation Management, Educational Institutions, Entrepreneurship, Competitive Advantage, Knowledge Creation

Authors’ individual contribution: Conceptualization — J.B.; Methodology — J.B., H.A.G., and I.; Formal Analysis — J.B. and H.A.G.; Investigation — H.A. and I.; Resources — H.A.; Writing — Original Draft — J.B., I., and M.G.; Writing — Review & Editing — H.A.G.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: A21, O2

Received: 22.05.2023
Accepted: 05.08.2024
Published online: 07.08.2024

How to cite this paper: Basra, J., Gani, H. A., Akib, H., Islahuddin, & Guntur, M. (2024). Innovation management of higher education institutions: A study of entrepreneurial competence development and further governance. Corporate Governance and Organizational Behavior Review, 8(3), 19–28. https://doi.org/10.22495/cgobrv8i3p2