THE ACADEMIC CAPITALISM AND THE NEW BUSINESS MODEL OF THE UNIVERSITIES

Venelin Terziev¹ and Margarita Bogdanova^2
1Full Member of the Russian Academy of Natural History, Professor, Eng., D.Sc. (National Security), D.Sc. (Economics), D.Sc. (Social Activities), Ph.D., Russian Academy of Natural History, Moscow, Russia, Vasil Levski National Military University, Veliko Tarnovo, Bulgaria University of Rousse, Rousse, Bulgaria, terziev@skmat.com
²Professor, Ph.D., Tsenov Academy of Economics – Svishtov, Bulgaria,
m.bogdanova@uni-svishtov.bg

Abstract

The report examines the phenomenon of academic capitalism and the potential consequences of its spread, and the capacity of universities to meet the challenges of entrepreneurship as an organizational management model. Special emphasis is placed on the differentiated effect on universities, depending on the area in which they conduct teaching and research, as well as on the peculiarities of the university business model in the changing environment of the higher education schools.

Keywords: academic capitalism, university business model, universities.