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The Inclusion of Academicians into the Industry Sector in Bangladesh: A Model of Industry Engagement and Effective Innovation Performance

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  • Mostak Ahamed Galib

    (School of Management Science and Engineering, Wuhan University of Technology, Wuhan, China)

  • Kamrun Nahar Munny

    (European University of Bangladesh, Dhaka, Bangladesh)

Abstract

Through a detailed review of all factors belonging to the scope of motives that are opportunity-driven, key factors that are most conducive to researchers’ industry engagement have been identified. The relationships between compensation and recognition, access to resources, belief about application of the research, networking opportunities, and industry problem solving with industry engagement were tested. The study design is mixed method with two phases. The first qualitative phase has surfaced potentially significant factors. The second quantitative phase addresses the survey’s validity, reliability, and design and uses a web-enabled survey to collect data from university academicians and researchers in institutes using a single stage, cross-sectional approach. Inference statistics and Structure Equation Modeling (SEM) were utilized to evaluate the research model. The study has been done on a sample of university and research institute employees in Bangladesh. This study proposes industry engagement model in order to improve organizational learning capability and innovation performance. According to the results application of research and access to resources are significant drivers of industry engagement. Furthermore, industry engagement was confirmed as factor influencing organizational learning capability and organizational innovation performance. The study is valuable for organizations and government policy-makers given that the importance of industry engagement for organizational outcomes has been confirmed. Correspondingly, significant implications for organizations exist, as they are aware of which parts of their operations and conditions will drive relevant talent to engage in the organizations’ work.

Suggested Citation

  • Mostak Ahamed Galib & Kamrun Nahar Munny, 2015. "The Inclusion of Academicians into the Industry Sector in Bangladesh: A Model of Industry Engagement and Effective Innovation Performance," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 1(6), pages 7-18, May.
    • Handle: RePEc:mgs:ijmsba:v:1:y:2015:i:6:p:7-18
    DOI: 10.18775/ijmsba.1849-5664-5419.2014.16.1001
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    More about this item

    Keywords

    Industry Engagement; Motives for Industry engagement; Organizational Learning Capability; Organizational Innovation Performance; Bangladesh;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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