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Higher Education in the Eyes of Economic Operators

Author

Listed:
  • Vlado Simeunovic

    (Faculty of Education, University of East Sarajevo, 71126 Lukavica, Bosnia and Herzegovina)

  • Sanja Milic

    (Faculty of Education, University of East Sarajevo, 71126 Lukavica, Bosnia and Herzegovina)

  • Andor Pajrok

    (Institute of Business Sciences, Eötvös József College, 6500 Baja, Hungary)

Abstract

This research is a reflection on new challenges in the economy called Industry 4.0, which has brought about revolutionary changes in many areas of life, including education. To fully use the potential of smart products, services and business opportunities that are expected to be widely used in all sectors in the near future, education systems need to be revised to produce the skilled labour force required by this dynamic process. The ability of companies and institutions with a strong IT and technology infrastructure to reflect advanced digital technologies in innovation and production processes requires specific skills, described as 21st-century skills. Education 4.0 should be a response to these challenges with changed learning and teaching paradigms. In this context, we have organised an extensive survey on the relationship between the economy and higher education in Bosnia and Herzegovina. We have created a web questionnaire that contains desirable characteristics of new employees and a set of questions, the analysis of which was used to determine an actual connection between the economy and higher education. After the factor analysis of the questionnaire, we obtained four desirable characteristics of new employees and the assessment of employers on their representation in each individual. We also concluded that the current impact of the economy on the processes of adopting new curricula is very low. We got the impression that higher education and economic development run in parallel, often without any points of contact.

Suggested Citation

  • Vlado Simeunovic & Sanja Milic & Andor Pajrok, 2022. "Higher Education in the Eyes of Economic Operators," Sustainability, MDPI, vol. 14(13), pages 1-16, June.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:13:p:7973-:d:852256
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    References listed on IDEAS

    as
    1. Vlado Simeunovic & Sanja Milic, 2018. "Software Solution of Web Questionnaires for the Analysis of the Economy in Relation to the Competence of Students," Asian Journal of Education and Training, Asian Online Journal Publishing Group, vol. 4(1), pages 1-8.
    2. Vlado Simeunović & Sanja Milic, 2018. "Software Solution of Web Questionnaires for the Analysis of the Economy in Relation to the Competence of Students," Asian Journal of Education and Training, Asian Online Journal Publishing Group, vol. 4(1), pages 1-8.
    3. Elizabeth Sidiropoulos, 2022. "The Influence of Higher Education on Student Learning and Agency for Sustainability Transition," Sustainability, MDPI, vol. 14(5), pages 1-35, March.
    4. Carl Dahlman & Thomas Anderson, 2000. "Korea and the Knowledge-based Economy : Making the Transition," World Bank Publications - Books, The World Bank Group, number 13845.
    5. Bernard Musyck & Athanasios Hadjimanolis, 2005. "Towards a knowledge-based economy: does the Cyprus R&D capability meet the challenge?," Science and Public Policy, Oxford University Press, vol. 32(1), pages 65-77, February.
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