Promoting Partnership between Universities and Industries in Business Education Programme

Abstract

This study aims to evaluate the collaboration between academic institutions and corporate sectors in advancing business education programs. The researcher came to the conclusion that universities and businesses should collaborate in areas like curriculum development, student industrial work experience scheme (SIWES) improvement of practical training, knowledge transfer, financial support for universities’ development projects, scholarships, and career guidance initiatives among others to improve graduate skills and ensure a seamless transition between the academic and business environments. Regarding collaboration, advantages, methods for enhancing partnership, and obstacles facing universities and companies in promoting business education programs, there was no discernible difference in the mean evaluations of respondents from industries and universities. The research fervently advocated, among other things, that the government create and put into effect strong laws to promote collaborations between academia and industry. Universities must demonstrate a strong commitment to investing time and money in knowledge transfer to industries, and the government should provide universities with enough funding for Research and Development to forge a strong connection with industries. The Association of Business Education of Nigeria (ABEN) should organize seminars, workshops, and conferences for businesses and business educators on the advantages of partnership.