The Dual Roles of Higher Education Institutions in the Knowledge Economy

Author(s):  
Beverly Barrett
Author(s):  
Beverly Barrett

There are dual roles of higher education institutions as recipients of higher education policy and as agents for change in the knowledge economy in their regions and in the world. In the case of academic institutions within the European Union, they are primarily the recipients of policy change influenced by the European level. Secondarily, they are agents of policy change in the knowledge-based economy, which is of increasing importance in the 21st century. This is a new kind of regional integration, influenced by Europeanization and intergovernmentalism in higher education policy, with the ultimate objectives for economic competitiveness and social cohesion attained by recognition of qualifications. The success of the European Commission’s study abroad program, Erasmus, is provided as background to the development of the Bologna Process, for which there have been mobility objectives in higher education. The opportunity for greater mobility in international education corresponds with ongoing trends in globalization.


Author(s):  
Petro Babii

The article deals with the works of domestic scientists who have researched the problems of creation, management and intellectual use. The views of scientists are focused on understanding the management of processes of intellectual use, the study of intellectual resources in the knowledge economy, the study of aspects of valuation of intellectual capital and the influence of factors on its management mechanism, the establishment of the place of intellectual assets in the national innovation system. The purpose of the research is based on the development of ways to manage the process of intellectual use in the domestic knowledge economy. This will maximize the efficiency of the use of individual, corporate and state intellectual capital. It has been established that developed countries implement and implement knowledge management programs that help achieve business efficiency, society and the state. Declining government funding for higher education institutions is hampering the creation of new knowledge, leading to lower revenues for the business sector and budget revenues. State levers in the field of education that can improve its quality and prevent the migration of knowledge are revealed. At the state level, education reforms should be implemented that focus on the quality of the teaching staff of higher education institutions. Illuminated tools for managing knowledge based on innovation and serving as intangible assets. Models characterizing the influence of knowledge on financial and economic activity have been formed. These models reflect the process of exchanging intellectual resources between partners. A cyclic-conectic model of the application of new knowledge for the purpose of their commercialization or capitalization is proposed. It is noted that knowledge as a resource is dual in nature and requires a specific approach to assessment and management. A price-margin model of intellectual use has been developed that includes certain components that affect the size of the margin.


Author(s):  
Trevor Gerhardt

This chapter explores education as a business. It considers the various functional factors of education within a knowledge economy and the importance, in order to maintain competitive advantage, of knowledge management. It also considers more specifically technological innovation within this sector and the implications to marketing. Within the management of knowledge, the chapter analyses the higher education institutions producing knowledge, the staff who deliver this knowledge, and the students who purchase and engage in this knowledge. The chapter therefore also explores student enrolment, retention and outcomes, staff development, and product innovation.


Author(s):  
Khaled Salah Kotb

Universities are the most important institutions that any city needs to establish a good environment for producing knowledge in a creative way in knowledge economy age. This chapter investigated the nature of the relationship between the universities and creative cities and how could universities contribute in transforming a creative city through spreading culture and values of creativity. The limits of this role were studied and cases of creative universities all over the world were discussed. A descriptive analytical approach was used through analyzing previous studies and literature to identify the following points: 1) the universities as educational institutions (concept and roles), 2) creativity and creative cities and creative universities concepts, 3) the relations between creative city and higher education institutions, 4) universities in creative cities' practices all over the world, 5) a model of creative university. Features, requirements, and roles will be discussed.


2013 ◽  
Vol 64 (3) ◽  
Author(s):  
Ibrahim Danjuma ◽  
Amran Rasli

The objective of this article was to discuss the roles of higher education institutions towards a knowledge-based Nigerian economy in the fast changing globalised economy. In achieving this objective, issues that drive knowledge in developed countries and the need for Nigeria to adopt a knowledge-based approach to economic development were examined. Suggestions on strategies for developing a knowledge-driven economy were offered accordingly.


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