A Success of University–Industry Partnership

2017 ◽  
Vol 4 (6) ◽  
pp. 17-25
Author(s):  
Igor Gorlach
Keyword(s):  
Human Capital ◽  
Engineering Education ◽  
Theory And Practice ◽  
General Motors ◽  
Eastern Cape ◽  
Human Capital Development ◽  
Degree Programme ◽  
The Real ◽  
Industry And Commerce ◽  
Capital Development

In the fast-changing world, the success of engineering education depends not only on sound engineering knowledge, but also on the ability to apply it in practice from the moment young graduates enter the real industry. In order to be successful in industry, learners need interaction within the real industrial environment from the beginning of their studies. The importance of close links between engineering educational programmes and industry is shown in the example of industry–university collaboration between the Nelson Mandela Metropolitan University (NMMU) and General Motors South Africa (GMSA). The local automotive industry and GMSA, in particular, have been supporting the engineering programmes at NMMU for decades. However, with the establishment of a bachelor degree programme in mechatronics in 2005, GMSA decided to play an even more prominent role, as this was the first such degree programme in the Eastern Cape. This initiative has resulted in the establishment of the Chair of Mechatronics, fully sponsored by GMSA. Over the years, this industry–university partnership became an important platform providing a vital link between theory and practice in engineering education. The results of this partnership can be seen in an increased number of graduate and post-graduate students’ projects being based on real industrial cases provided by GMSA, reflecting the latest developments and trends in engineering. Working with engineers in solving industrial problems enables students to gain valuable experience in dealing with colleagues, managers and workers. Exposure to the latest technologies strengthens the theory and better prepares graduates for their future careers in industry and commerce. The partnership is also important for GMSA, as it increases its competitiveness and facilitates the company’s significant contribution to human capital development, which is very important for the growth of the South African economy and the community at large. Keywords: Industry collaboration, human capital development, educational chair, training.

scholarly journals Islamic Banking and Finance in the 21st Century: Selected Issues in Human Capital Development

ICR Journal ◽  
2009 ◽  
Vol 1 (2) ◽  
pp. 292-302
Author(s):  
Mohamed Aslam Haneef
Keyword(s):  
Human Capital ◽  
Theory And Practice ◽  
First Century ◽  
Islamic Banking ◽  
Human Capital Development ◽  
Banking And Finance ◽  
The One ◽  
Capital Development ◽  
True Alternative

Islamic Banking and Finance (IBF), both in theory and practice, has made great strides over the last 40 years. However, it is not spared from criticism, much of it relating to issues of ‘Islamicity’ and ‘originality’ of mainly IBF practice. One major reason underlying these issues relates to the quality of human resources related to IBF. This article first presents some of the tensions that exist in contemporary IBF. These tensions include debates within the theoretical discourse regarding preferred instruments in IBF. The article also highlights some problems that occur due to the divergence between the theory of IBF and with its practice, leading to a general perception that IBF merely duplicates conventional finance rather than offering any true alternative. The article argues that to resolve these tensions, greater emphasis must be placed on creating qualified human capital at all levels of the IBF discipline and industry. In addition, IBF would be better served if Islam and its shari’ah were viewed as a civilisational framework, rather than a narrow fiqh/law focus. Having a civilisational understanding of Islam, its shari’ah and the Islamic heritage on the one hand, as well as a genuine understanding of modern economics and finance on the other, are necessary pre-requisites to enable IBF to play its role in serving the ummah more effectively in the twenty-first century. Genuine Islamisation of knowledge would produce the human capital desired.

Career Development Barriers in the Post-Settlement Phase amongst Women Refugees: Implications for Human Capital Development

2020 ◽  
Vol 8 (1) ◽  
Author(s):  
Tatenda Gaudencia Nyabvudzi ◽  
Willie Tafadzwa Chinyamurindi
Keyword(s):  
South Africa ◽  
Human Capital ◽  
Career Development ◽  
Women Refugees ◽  
Vulnerable Groups ◽  
Research Approach ◽  
Eastern Cape ◽  
Human Capital Development ◽  
Capital Development ◽  
The Impact

South Africa has witnessed an increase in the number of refugees in the country. This could be due to the country being perceived favourably especially by refugees from the African continent. This study investigates the career development barriers affecting women refugees in the post-settlement phase and further ascertains the implications that these can have on human capital development. Calls have been made within extant literature to focus on the impact of the global refugee crisis and its implications for the career opportunities and experiences of refugees. A qualitative research approach was utilised based on the narratives and stories of 20 women refugees operating in Port Elizabeth in the Eastern Cape Province of South Africa. Two main findings were found based on the data analysis. First, a range of barriers that relate to individual and contextual factors were found to affect refugees post-settlement. Second, the interacting nature of these barriers is illustrated and shown to affect individual agency as refugee women focus on the acquisition of basic commodities rather than long-term human capital development. The research suggests strategies that policymakers can adopt to assist women refugees not just with their career development but also integration in the host country. This study extends and advances the literature on the career development issues relating to vulnerable groups such as women refugees, particularly in developing nations such as South Africa. Further, the study makes suggestions for practice with wider ramifications that can assist women refugees during the post-settlement phase.

VALUE-SEMANTIC ECONOMY

ASJ. ◽  
2020 ◽  
Vol 1 (40) ◽  
pp. 53-57
Author(s):  
A.V. Kurbatov A.V., ◽  
L.A. Kurbatova
Keyword(s):  
Human Capital ◽  
High Efficiency ◽  
Human Capital Development ◽  
Capital Theory ◽  
The Sustainable Development ◽  
External Resources ◽  
Internal Resources ◽  
Value Determination ◽  
High Dynamics ◽  
Capital Development

The continuing build-up in the speed of deepening of the global economic crisis, driven by just as fast drop in quantity of the external resources calculated per inhabitant of our planet, forces us to refer to internal resources in order to prevent the irreversible losses, to overcome the crisis and ensure the sustainable development. Beginning from the second half of the 20-th century, the hopes for efficient deployment of internal resources have been laid on the development of the human-capital theory. However, despite the intensive change in perception of the very concept of "human capital" and a wide scope of innovative models of its practical application, aimed at bringing the economy out of stagnation, the desired outcome is not achieved. The trend of transferring of the bulk of investments to human capital, at the expense of the share of investments spent on increased production, has proved insufficient. The analysis of causes of ultra-high risks of investments in increase of human capital has helped to determine that the models, which are used currently, do not take into account some of the fundamental patterns, which ensure the high efficiency of investment in human capital. Most of the models are based on application of the methods of situational governance, which, at best, have a short-term positive effect. This trend results from the insufficient awareness of managers of the fundamental patterns of human capital development, which deprives the investors of the possibility to benefit from the optimal combination of the situational governance with relevant long-term programs, which can steadily increase human capital. The researches of the fundamental patterns of human capital development have shown, that the main factor for achieving the high efficiency of investment in human capital is the correct organization of the processes of value determination of the subjects of economic activity and the transition from the value determination to value-semantic determination, thus ensuring guaranteed attainment of goals along with high dynamics of resources. The work presented here is dedicated to the method of managing the quality of human capital, which is hereafter referred to as value-semantic economy.

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