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Academic libraries are currently experiencing a drastic change; this change has been necessitated with the introduction of the internet and the advancement of technology. Traditionally, academic libraries were the sole providers of information in the university environment. However, with the introduction of the internet, information access is scattered, and the academic library that previously used to enjoy the monopoly of being the only disseminator of information, now has competitors. The internet has changed the way information is accessed, packaged, shared and disseminated. Library users are changing the way they access information. Despite all these changes, academic libraries are yet to fully develop and embrace appropriate strategies to address these new realities. This paper highlights the significance of introducing innovative strategies in academic libraries for sustainability purposes, using business entrepreneurial theories, competing values framework and disruptive innovation theory in the transformation of academic libraries into a value addition organization. [ABSTRACT FROM AUTHOR]