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@jackc
Yes totally agree. An school I worked in changed their ethos to one of entrepreneurship, and in their curriculum and marketing guff essentially changed the meaning of the word from its defined one to someone who worked hard etc.
The key difference for an Academy is that they are given all the money that would have been spent on them, then decide how to spend it. So for example, if previously the LEA did the payroll and it cost them £1000 a term (for example) the school has that extra money, but must now find someone to do that.
As LEA work on fairly large economies of scale, this can cause problems.