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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
Subject area: Science,Engineering and Technology · Area of research: Academia and Industry
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
How to cite this paper
@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},
}