Education-Industry Collaboration in U.S. Business Schools: A Review: Assessing The Benefits, Challenges, And Future Models of Bridging Academia and Industry for More Practical Business Education

References

[1] Aditya, S. (2017). Education, the Smart Solution for Developing Smart Cities a Prime Requisite for Development for a Better Tomorrow. AADYA-National Journal of Management and Technology, 7(1), 28-36. Retrieved from https://ischolar.sscldl.in/index.php/AADYA/article/view/146061.

[2] Akinola, A. P. (2021). Collaboration of industry with academia: the engine of industrialisation and development. Proceedings of the Nigerian Academy of Science, 14(1), 101-111. DOI: 10.57046/cpvm9605

[3] Alaali, A. (2023). Design education outside the classroom. A comparative study between two case studies with industry-university collaboration. DOI: 10.1177/09504222231194635

[4] Amer, S., & Bin Yahya, S. (2014). Linking Industry and Academia through a Cluster Approach—Bridging the Gap between Theory and Practice. Journal of Basic and Applied Science Research, 4(1), 97-103.

[5] Azarian, M., Shiferaw, A. T., Stevik, T. K., Lædre, O., & Wondimu, P. A. (2023). Public-Private Partnership: A Bibliometric Analysis and Historical Evolution. Buildings, 13(8), 2035. DOI: 10.3390/buildings13082035

[6] Bruett, K. (2006). Why American business demands twenty-first century skills: an industry perspective. New Directions for Youth Development, 110, 25-30. DOI: 10.1002/YD.163

[7] Carton, G., McMillan, C., & Overall, J. (2018). Strategic capacities in US universities-the role of business schools as institutional builders. Problems and Perspectives in Management, 16(1), 186-198. DOI: 10.21511/PPM.16(1).2018.18

[8] Chikweche, T., & Bressan, A. (2021). An investigation on the need for business advisors who can respond to the changing needs of small business enterprises faced with a dynamic operating environment. Journal of Small Business & Entrepreneurship, 34(1), 94-118. DOI: 10.1080/08276331.2020.1723463

[9] Das, M. (2021). Future of Business Education and Admission Challenges. In Research Anthology on Business and Technical Education in the Information Era, pp. 1407-1418. DOI: 10.4018/978-1-5225-9073-6.CH003

[10] Fassin, Y. (2000). The strategic role of university-industry liaison offices. Journal of Research Administration, 1(2), 31-41.

[11] Fernández, R. E., & Ferguson, D. L. (2017). Understanding Current Issues in Research and Education in Science and Technology: A Framework of Knowledge and Action Sharing between Universities and Science and Technology Parks. World Technopolis Review, 6(1), 1-9. https://doi.org/10.7165/wtr17a0515.16.

[12] Gauthier, T. (2023). Exploring the efficacy of post-secondary career and technical education industry advisory partnerships. Journal of Vocational Education & Training, 75(3), 586-606. DOI: 10.1080/13636820.2021.1931944

[13] Gillen, A. L., Grohs, J. R., Matusovich, H. M., & Kirk, G. R. (2021). A multiple case study of an interorganizational collaboration: Exploring the first year of an industry partnership focused on middle school engineering education. Journal of Engineering Education, 110(3), 545-571. DOI: 10.1002/jee.20403

[14] Halfond, J. (2004). ‘Til Teach-Out Do Us Part: Looking Forward and Backward at Strategic Partnerships? The Journal of Continuing Higher Education, 52(2), 56-57. DOI: 10.1080/07377366.2004.10400285

[15] Hazrat, M. A., Hassan, N. M. S., Chowdhury, A. A., Rasul, M. G., & Taylor, B. A. (2023). Developing a Skilled Workforce for Future Industry Demand: The Potential of Digital Twin-Based Teaching and Learning Practices in Engineering Education. Sustainability, 15(23), 16433. DOI: 10.3390/su152316433

[16] Hogan, O., Charles, M. B., & Kortt, M. A. (2021). The value of public business education in Australia: challenges and opportunities for decision makers. International Journal of Educational Management, 35(7), 1538-1555. DOI: 10.1108/IJEM-05-2021-0197

[17] Jiang, H., Gao, S., Song, Y., Sheng, K., & Amaratunga, G. A. (2019). An empirical study on the impact of collaborative R&D networks on enterprise innovation performance based on the mediating effect of technology standard setting. Sustainability, 11(24), 7249. DOI: 10.3390/su11247249

[18] Kammerlohr, V., Duin, H., Hauge, J., & Tany, N. (2021). Getting Collaborative Networks Sustainable: Drivers and Barriers within a Digital Laboratories Network. In: Camarinha-Matos, L.M., Boucher, X., Afsarmanesh, H. (eds) Smart and Sustainable Collaborative Networks 4.0. PRO-VE 2021. IFIP Advances in Information and Communication Technology, vol 629. Springer, Cham. https://doi.org/10.1007/978-3-030-85969-5_3.

[19] Kazantsev, N., Pishchulov, G., Mehandjiev, N., Sampaio, P., & Zolkiewski, J. (2022). Investigating barriers to demand-driven SME collaboration in low-volume high-variability manufacturing. Supply Chain Management: An International Journal, 27(2), 265-282. DOI: 10.1108/scm-10-2021-0486

[20] Kipkosgei, F., Kang, S. W., & Choi, S. B. (2020). A team-level study of the relationship between knowledge sharing and trust in Kenya: Moderating role of collaborative technology. Sustainability, 12(4), 1615. DOI: 10.3390/su12041615

[21] Kumar, R. S. (2019). Industry-academia collaboration in business schools. In Handbook of Research on Ethics, Entrepreneurship, and Governance in Higher Education (pp. 519-537). DOI: 10.4018/978-1-5225-5837-8.CH024.

[22] Leon, S., & Medlin, B. D. (2020). A Conceptual framework for collaboration in business schools. International Journal of Information Systems and Social Change (IJISSC), 11(3), 32-45. DOI: 10.4018/ijissc.2020070103

[23] Lewis, S., & Fruchter, R. (2001). Mentoring Models in an A/E/C Global Teamwork E-Learning Environment Paper presented at 2001 Annual Conference, Albuquerque, New Mexico. DOI: 10.18260/1-2--9549

[24] Madu, M. A., Okanazu, O. O., & Eneogwe, V. N. (2019). School-Industry collaboration: Sustainability tool for preparing Business Education graduates for E-World challenges. Nigerian Journal of Business Education (NIGJBED), 6(2), 51-62.

[25] Mahajan, R. (2019). Do business schools in India know the real business world? Exploring some perspectives on academia-industry collaboration. International Journal of Management in Education, 13(3), 185-204. DOI: 10.1504/IJMIE.2019.100400

[26] Maital, S., Prakhya, S., & Seshadri, D. V. R. (2008). Bridging the chasm between management education, research, and practice: Moving towards the ‘grounded theory’approach. Vikalpa, 33(1), 1-18. DOI: 10.1177/0256090920080101.

[27] Manan, J. A., Arsad, P. M., & Buniyamin, N. (2011). Towards an effective University, Industry and Government (UIG) Partnership Model for developing countries," 2011 3rd International Congress on Engineering Education (ICEED), Kuala Lumpur, Malaysia, 2011, pp. 107-112, doi: 10.1109/ICEED.2011.6235370.

[28] Mbanefo, H. C. (2021). Harnessing Local Input for Job Creation-the Need for Collaboration between the Academia and Industry. A Case Study of Carnegie African Diaspora Fellowship Program." Paper presented at the SPE Nigeria Annual International Conference and Exhibition, Lagos, Nigeria, August 2021. doi: https://doi.org/10.2118/207143-MS.

[29] Miglani, A., Awadhiya, A. K., Singh, N., Gowthaman, K., & Kansal, G. (2018). Policy recommendations from employers for enhancing skills through ODL. Turkish Online Journal of Distance Education, 19(4), 64-75. DOI: 10.17718/TOJDE.471653

[30] Molley, S., Derochie, A., Teicher, J., Bhatt, V., Nauth, S., Cockburn, L., & Langlois, S. (2018). Patient experience in health professions curriculum development. Journal of Patient Experience, 5(4), 303-309. DOI: 10.1177/2374373518765795

[31] Newcomb, T. J., Simonin, P. W., Martinez, F. A., Chadderton, W. L., Bossenbroek, J. M., Cudmore, B., ... & Lodge, D. M. (2021). A best practices case study for scientific collaboration between researchers and managers. Fisheries, 46(3), 131-138. DOI: 10.1002/fsh.10536

[32] Normandin, C., Hayes, V., Cyr, P., & Schirmer, J. (2023). Implementation and impact of an interprofessional education curriculum on medical, pharmacy, and social work students’ attitudes, perceptions, and self-assessed teamwork skills. Journal of interprofessional care, 37(5), 846-850. DOI: 10.1080/13561820.2023.2169260

[33] Nurhadi, D., Wu, M., & Sudjimat, D. A. (2016). Developing partnership program between polytechnic and industry in the remote area: A strategy to improve graduates quality. International Journal of Innovation and Applied Studies, 17(4), 1125-1131.

[34] Offodum, C. D., & Oyelami, S. (2022). Strategies for Teaching-Focused Industry-Academia Collaboration in Engineering. Journal of the Nigerian Society of Chemical Engineers, 37(3), 56-59. DOI: 10.51975/22370308.som

[35] Otache, I. (2022). Enhancing graduates’ employability through polytechnic–industry collaboration. Industry and Higher Education, 36(5), 604-614. DOI: 10.1177/09504222211063140

[36] Pigola, A., da Costa, P. R., Mazzieri, M. R., & Scafuto, I. C. (2022). Collaborative innovation: a technological perspective. International Journal of Innovation: IJI Journal, 10(2), 204-211. DOI: 10.5585/iji.v10i2.22256

[37] Peças, P., & Henriques, E. (2006). Best practices of collaboration between university and industrial SMEs. Benchmarking: An International Journal, 13(1/2), 54-67. https://doi.org/10.1108/14635770610644574

[38] Pee, L. G. (2022). Co-skilling for School-Industry Partnerships in STEM Education: A Design Research Study," 2022 7th International STEM Education Conference (iSTEM-Ed), Sukhothai, Thailand, 2022, pp. 1-2, doi: 10.1109/iSTEM-Ed55321.2022.9920790.

[39] Pratibha, D., Anurag, P., Nagamani, C., & Keerthi, D. S. (2021). Impact of Industry Collaboration in Developing core Engineering Departments. Journal of Engineering Education Transformations, 34, 468. DOI: 10.16920/JEET/2021/V34I0/157197

[40] Saigal, A., & Manno, V. (2002). Industry University Partnerships in Mechanical and Manufacturing Engineering at Tufts University Paper presented at 2002 Annual Conference, Montreal, Canada. Pp. 7.665.1 - 7.665.7. DOI: 10.18260/1-2--10666

[41] Šereš, L., Pavlicevic, V., Tumbas, P., Matkovic, P., & Maric, M. (2019). A performance indicators of university-industry collaboration. In EDULEARN19 Proceedings, pp. 9664-9672). DOI: 10.21125/EDULEARN.2019.2413

[42] Shah, R., & Gillen, A. L. (2023). A systematic literature review of university-industry partnerships in engineering education. European Journal of Engineering Education, 1-27. DOI: 10.1080/03043797.2023.2253741

[43] Sharma, D., & Kaushik, H. (2022). A Study of Role and Importance of Academic Collaborations/Memorandum of Understanding in Higher Education Institutions," 2022 10th International Conference on Reliability, Infocom Technologies and Optimization (Trends and Future Directions) (ICRITO), Noida, India, 2022, pp. 1-8, doi: 10.1109/ICRITO56286.2022.9964550.

[44] Shi, J., & Xuwei, Z. (2023). Integration of AI with Higher Education Innovation: Reforming Future Educational Directions. International Journal of Science and Research, 12(10), 1727-1731. DOI: 10.21275/sr231023183401

[45] Singh, S., & Kaundal, B. (2022). Academia-industry linkages: Theoretical and empirical review article. World Journal of Advanced Research and Reviews, 15(1), 104-115. DOI: 10.30574/wjarr.2022.15.1.0488

[46] Smith, I., Brisard, E., & Menter, I. (2006). Models of partnership developments in initial teacher education in the four components of the United Kingdom: recent trends and current challenges. Journal of education for teaching, 32(2), 147-164. DOI: 10.1080/02607470600655136

[47] Suleman, A., Meyer, N., & Nieuwenhuizen, C. (2023). Exploring the nexus of relevance for South African business schools in the 4th industrial revolution. Journal of Management and Business Education, 6(3), 257-288. DOI: 10.35564/jmbe.2023.0014

[48] Thompson, J., Teba, T., & Braglia, R. (2021). Qualified satisfaction: First‐year architecture student perceptions of teamwork. International Journal of Art & Design Education, 40(1), 146-164. DOI: 10.1111/JADE.12342

[49] Thune, T. (2011). Success Factors in Higher Education–Industry Collaboration: A case study of collaboration in the engineering field. Tertiary Education and Management, 17, 31-50. DOI: 10.1080/13583883.2011.552627

[50] Triwahyono, B., Rahayu, T., & Kraugusteeliana, K. (2023). Analysing the role of technological innovation in improving the operational efficiency of MSMEs. Jurnal Minfo Polgan, 12(1), 1417-1426. DOI: 10.33395/jmp.v12i1.12791.

[51] Vlados, C., & Chatzinikolaou, D. (2020). Stra. Tech. Man innovation, HRM and Perception of Educational Needs in Underdeveloped Business Ecosystems: The Case of Retail Sector Firms in Eastern Macedonia and Thrace. Stra. Tech. Man Innovation, Hrm and Perception of Educational Needs in Underdeveloped Business Ecosystems: The Case of Retail Sector Firms in Eastern Macedonia and Thrace (June 2, 2020). International Journal of Human Resource Studies, 10(2), 330-354. DOI: 10.5296/ijhrs.v10i2.17139.

[52] Zhou, Z. (2023). Digital Transformation of Open Online Courses in the Age of Smart Education: Connotation, Dilemma and Breakthrough. International Journal of Education and Humanities, 10(1), 242-245. DOI: 10.54097/ijeh.v10i1.11162

@article{1706333,
      author = {Fadeke Adeola Atobatele, Chioma Angela Okonkwo},
      title = {Education-Industry Collaboration in U.S. Business Schools: A Review: Assessing The Benefits, Challenges, And Future Models of Bridging Academia and Industry for More Practical Business Education},
      journal = {Iconic Research And Engineering Journals},
      year = {2024},
      volume = {8},
      number = {3},
      pages = {858-876},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1706333.pdf},
      abstract = {This study delves into the dynamics of education-industry collaboration in U.S. business schools, aiming to bridge the theoretical and practical aspects of business education. The primary objectives were to analyze the historical evolution, current practices, and future trends of these collaborations, and to understand their impact on curriculum development and student experience. Employing a systematic literature review and content analysis methodology, the study sourced data from peer-reviewed academic journals, industry publications, and conference proceedings, focusing on literature from 2000 onwards. The review revealed a historical shift towards more integrated collaborations, underpinned by mutual benefits and practical applicability. Current practices highlighted the benefits of such collaborations for both academia and industry, including curriculum enhancement and improved employability, though challenges like resource alignment and maintaining educational quality were noted. The study also identified the pivotal role of digital transformation in enhancing these collaborative efforts. Looking forward, the research anticipates significant changes in the landscape of education-industry collaboration, with opportunities in emerging technologies and innovative educational models, balanced against challenges like rapid industry evolution and institutional barriers. The study concludes that bridging the academia-industry gap is crucial for practical business education, recommending a focus on developing effective partnership models and exploring the impact of technological advancements. Future research directions include investigating the long-term outcomes of these collaborations and the role of policy in facilitating successful partnerships.},
      keywords = {Business Education, Industry-Academia Partnerships, Curriculum Development, Innovation in Education},
      month = {September},
  }