Social innovation and social entrepreneurship usually follow a bottom‐up pattern. Companies and entrepreneurs decide to focus their business effort on meeting critical and urgent social needs. However, what happens when institutions promote or push top‐down initiatives? The outbreak of COVID‐19 is redefining, for many aspects, entrepreneurial dynamics. By creating a critical shortage of resources and medical supplies, the pandemic drew central and local institutions to push companies to cover the increasing social and medical needs. This study explores how companies reacted to top‐down‐initiated social innovation and social entrepreneurship activities. In doing so, the study focuses on the first heavily hit country, China, and it collects data from companies involved in the production of medical masks and the provision of solutions for nucleic acid tests. Our findings reveal that companies answer to top‐down pushes by implementing two main strategies in a time of crisis. First, the social bricolage by exploiting available and local resources. Second, companies react with agility by re‐thinking their internal innovation, relying on past similar experiences, and making their resource fluid. Our study adds the literature regarding social innovation and entrepreneurship in a crisis time by providing implications for institutions and organizations in setting and responding to strategies for future crises.

As academic entrepreneurs, university faculty members and researchers with rich knowledge resources play an important role in the technology commercialization process, and in the creation and development of university spinoff enterprises. In this paper, we used a case study method to construct a sustainable innovative academic entrepreneurship process model from the perspective of entrepreneurial behavior. Then, we used this model to provide a deeper understanding of the activities and roles of academic entrepreneurs. This paper also expounded the process of value creation that is a result of sustainable innovative academic entrepreneurship, and compared and analyzed three types of university technology commercialization models. Our results showed that in the sustainable innovative academic entrepreneurship process model, the motivation of academic entrepreneurs leads them to play multiple roles as academic researchers, enterprise founders, and enterprise managers. In creating enterprises as the founders, and establishing and developing their enterprises, academic entrepreneurs realize the commercial value of the technology, while also incrementing their personal value. The sustainable innovative academic entrepreneurship process model provides a new path for effective transfer of technological innovations from academic research to the commercial market, creates social as well as economic value, and promotes regional economic development.

The technology adoption of a firm is endowed with complexity if the production technology upgrades continually and the price competition become intensified. This paper establishes a supply chain involving one technology supplier and two manufacturing enterprises. The supplier provides a kind of production technology and offers its upgraded versions for enterprises to produce products. On this basis, this paper studies the problem that whether or not to buy this kind of production technology in the perspective of each enterprise, explores the problem that when to buy an upgraded version of production technology in the perspective of each enterprise, and analyzes the price competition between two kinds of products. The results show that the asymmetric Nash equilibrium can effective avoid the prisoner’s dilemma of technology investment, and help to maximize the interest of the social welfare system that includes the technology supplier, manufacturing enterprises and consumers.

Academic entrepreneurship (AE) models have enhanced the ability of scholars to delineate elements and relationships that are consistent with entrepreneurial activities. However, previous research has not focused on the dynamic feedback loops within AE. Prior models have seldom included feedback obtained from interrupted or implemented activities integrated with individual, organizational, and strategic variables. This paper proposes a model of AE from the perspective of system dynamics that seeks to explore key features of this complex process within the boundaries of a spinoff company. To achieve this goal, we developed a framework that includes four main phases: recognition, commitment, credibility, and sustainability. The model examines and analyzes the key role of innovative academic entrepreneurship during each stage. Feedback loops provide the link between strategic assessment and entrepreneurial renewal according to which AE integrates entrepreneurial and strategic efforts. Combining various perspectives from the previous literature, the proposed model can be activated from any point during the process. By introducing a system dynamics context for the model, this research expands upon the thinking of prior AE research. In practical application, our proposed framework provides insights into the feedback loops and other complexities of the AE process that academic entrepreneurs can apply to support the transfer of innovations in science and technology from academia to commercial settings.