IDEAS home Printed from https://ideas.repec.org/a/spr/jknowl/v15y2024i2d10.1007_s13132-023-01357-y.html
   My bibliography  Save this article

Cooperation Between Universities and Businesses in Developing Human Resources to Participate in the Digital Economy

Author

Listed:
  • Thi Hang Nguyen

    (Thai Nguyen University, University of Information and Communication Technology)

Abstract

The fourth industrial revolution has resulted in a need for digital businesses to participate in the digital economy. Digital human resources play a crucial role in helping businesses implement the digital transformation process. The quality of human resources is a critical factor in maintaining competitiveness and performance at the enterprise, universities, and economy-wide levels. In order to adapt to the digital era of the fourth industrial revolution, high-quality human resources capable of applying technology to production fields are required. Developing a digital economy necessitates digital human resources to deploy, organize, and operate it. However, a major challenge is the shortage of high-quality human resources in manufacturing industries. Many university graduates remain unemployed because they do not meet the needs of employers, and many workers cannot find jobs in fields related to their training. This results in waste for families and society, creating an imbalance in labor supply and demand. Building cooperative relationships between universities and businesses is a necessary and critical direction. The two sides can provide information to each other, allowing universities to develop enrollment and training plans in accordance with the needs of the enterprise. This helps universities solve their dilemmas in finding outputs for learners, while also helping businesses recruit high-quality human resources that universities cannot afford to train. This study uses an online data collection method through creating an online survey using Google Forms. The questionnaire was sent to managers at 200 small and medium-sized enterprises in Vietnam to analyze and assess the human resource needs of the economic sector to meet the development of the digital economy. The survey focuses on designing an assessment scale on business satisfaction for graduates at universities. The reliability of the scale is tested to test the hypotheses, serving as the basis for proposing solutions. The results of the study will help universities adjust training content and methods to improve the quality of human resources to serve the needs of developing digital businesses. In addition, universities need to grasp the job market’s employment needs, seeing businesses as a bridge of information and providing universities with the labor market’s current demands. The linkage between universities and businesses is necessary and brings benefits to both parties. Through this, universities will form a human resource training strategy that is both specialized and practical to meet the demands of businesses, ensuring the quality of human resource training to meet society’s needs.

Suggested Citation

  • Thi Hang Nguyen, 2024. "Cooperation Between Universities and Businesses in Developing Human Resources to Participate in the Digital Economy," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 5230-5249, June.
    • Handle: RePEc:spr:jknowl:v:15:y:2024:i:2:d:10.1007_s13132-023-01357-y
    DOI: 10.1007/s13132-023-01357-y
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s13132-023-01357-y
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s13132-023-01357-y?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Eleni Laitsou & Antonios Kargas & Dimitris Varoutas, 2020. "Digital Competitiveness in the European Union Era: The Greek Case," Economies, MDPI, vol. 8(4), pages 1-33, October.
    2. Inzelt, Annamaria, 2004. "The evolution of university-industry-government relationships during transition," Research Policy, Elsevier, vol. 33(6-7), pages 975-995, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lucian Belascu & Alexandra Horobet & Georgiana Vrinceanu & Consuela Popescu, 2021. "Performance Dissimilarities in European Union Manufacturing: The Effect of Ownership and Technological Intensity," Sustainability, MDPI, vol. 13(18), pages 1-19, September.
    2. Yue Wu & Yue Yang & Weishun Xu & Qiuxiao Chen, 2020. "The Influence of Innovation Resources in Higher Education Institutions on the Development of Sci-Tech Parks’ Enterprises in the Urban Innovative Districts at the Stage of Urbanization Transformation," Land, MDPI, vol. 9(10), pages 1-36, October.
    3. Tomas Karlsson & Caroline Wigren, 2012. "Start-ups among university employees: the influence of legitimacy, human capital and social capital," The Journal of Technology Transfer, Springer, vol. 37(3), pages 297-312, June.
    4. Oyelaran-Oyeyinka, Banji & Gehl Sampath, Padmashree, 2006. "Rough Road to Market: Institutional Barriers to Innovations in Africa," MERIT Working Papers 2006-026, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    5. Lee, Young Hoon & Kim, YoungJun, 2016. "Analyzing interaction in R&D networks using the Triple Helix method: Evidence from industrial R&D programs in Korean government," Technological Forecasting and Social Change, Elsevier, vol. 110(C), pages 93-105.
    6. Varga, Attila & Sebestyén, Tamás, 2015. "Innováció Kelet-Közép-Európában. Az EU keretprogramjaiban való részvétel szerepe az innovációs teljesítményben [Innovation in Central East Europe. The role played in innovation performance by parti," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 881-908.
    7. Doyeon Lee & Keunhwan Kim, 2021. "Research and Development Investment and Collaboration Framework for the Hydrogen Economy in South Korea," Sustainability, MDPI, vol. 13(19), pages 1-28, September.
    8. Shu Yu & Takaya Yuizono, 2021. "A Proximity Approach to Understanding University-Industry Collaborations for Innovation in Non-Local Context: Exploring the Catch-Up Role of Regional Absorptive Capacity," Sustainability, MDPI, vol. 13(6), pages 1-19, March.
    9. Gür, Ufuk & Oylumlu, İkbal Sinemden & Kunday, Özlem, 2017. "Critical assessment of entrepreneurial and innovative universities index of Turkey: Future directions," Technological Forecasting and Social Change, Elsevier, vol. 123(C), pages 161-168.
    10. Omid Ali Kharazmi & Lia Shaddel, 2024. "Evolutionary and Structural Evaluation of Innovation Ecosystems with the Aim of Mapping and Increasing Performance of Mashhad’s Gold and Jewelry Innovation Ecosystem," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 8231-8261, June.
    11. Noriko Yoda & Kenichi Kuwashima, 2020. "Triple Helix of University–Industry–Government Relations in Japan: Transitions of Collaborations and Interactions," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 11(3), pages 1120-1144, September.
    12. Leogrande, Angelo & Magaletti, Nicola & Cosoli, Gabriele & Giardinelli, Vito O. M. & Massaro, Alessandro, 2022. "The Determinants of Internet User Skills in Europe," MPRA Paper 113123, University Library of Munich, Germany.
    13. Norrin Halilem & Nabil Amara & Réjean Landry, 2011. "Is the academic Ivory Tower becoming a managed structure? A nested analysis of the variance in activities of researchers from natural sciences and engineering in Canada," Scientometrics, Springer;Akadémiai Kiadó, vol. 86(2), pages 431-448, February.
    14. Zhao, Shu Liang & Song, Wei & Zhu, Dong Yun & Peng, Xiao Bao & Cai, Wenjing, 2013. "Evaluating China's regional collaboration innovation capability from the innovation actors perspective—An AHP and cluster analytical approach," Technology in Society, Elsevier, vol. 35(3), pages 182-190.
    15. Militaru Gheorghe, 2014. "The Critical Factors Of Entrepreneurial University In Engineering Education: A Conceptual And Empirical Analysis," Balkan Region Conference on Engineering and Business Education, Sciendo, vol. 1(1), pages 35-40, August.
    16. Dionisio, Eduardo Avancci & Inácio Júnior, Edmundo & Fischer, Bruno Brandão, 2021. "Country-level efficiency and the index of dynamic entrepreneurship: Contributions from an efficiency approach," Technological Forecasting and Social Change, Elsevier, vol. 162(C).
    17. Kiyong Om & Jungmann Lee & Juno Chang, 2007. "Using supply chain management to enhance industry—university collaborations in IT higher education in Korea," Scientometrics, Springer;Akadémiai Kiadó, vol. 71(3), pages 455-471, June.
    18. Marian Negoita, 2014. "Globalization, state, and innovation: An appraisal of networked industrial policy," Regulation & Governance, John Wiley & Sons, vol. 8(3), pages 371-393, September.
    19. Hua Cheng & Shiqian Huang & Yinhong Yu & Zhiying Zhang & Meifen Jiang, 2023. "The 2011 Collaborative Innovation Plan, University-Industry Collaboration and Achievement Transformation of Universities: Evidence from China," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(2), pages 1249-1274, June.
    20. Todd Davey & Sue Rossano & Peter Sijde, 2016. "Does context matter in academic entrepreneurship? The role of barriers and drivers in the regional and national context," The Journal of Technology Transfer, Springer, vol. 41(6), pages 1457-1482, December.

    More about this item

    Keywords

    Digital transformation; ICT sector; Digital economy; Digital education; Industrial Revolution 4.0; Economic growth; Smart manufacturing;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • P42 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Productive Enterprises; Factor and Product Markets; Prices
    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jknowl:v:15:y:2024:i:2:d:10.1007_s13132-023-01357-y. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.