RELEVANCE OF KNOWLEDGE AND SKILLS ACQUIRED IN BUSINESS SCHOOLS - PERSPECTIVE OF SERBIAN EMPLOYERS
Abstract
In today’s fast changing world, where knowledge relevant today can became
obsolete tomorrow, higher education institutions are putting great efforts into
empowering students to be able to meet demands of the employers from the start.
Besides the phenomena of the fast-changing needs for new knowledge, which should be
included in curricula, there is the challenge of training students to have adequate skills
necessary for doing business in the 21st century. Those skills, soft and generic should
allow students to be able to cope more efficiently and effectively with the changes and
demands of the contemporary business environment. The research subject of this paper
is the perception of the business environment, i.e. employers, on the importance of
knowledge and skills in the field of business economics that students of business schools
acquire during undergraduate studies. The research goal is to gain a comprehensive
and detailed insight into the opinion of the employers on the knowledge and skills they
consider most important for the employment of undergraduate students of business
schools. In addition, the aim is to articulate the types of activities and forms of
cooperation with companies that, in the opinion of employers, can contribute to greater
harmonization of the content of study programs in the field of business economics with
the needs of practice. The research starts from the specifics of business economics
studies in business schools, since this type of study differs from academic studies
primarily in terms of training students in applied knowledge.
References
Altbach P.G. (2007), “The logic of mass higher education”. P.G.Altbach (ed.), Tradition and Transition: The International Imperative in Higher Education, Netherlands, Sense Publishers, pp.3-22.
Andrews, J., Higson, H. (2008), “Graduate Employability, ‘Soft Skills’ Versus ‘Hard’ Business Knowledge: A European Study”, Higher Education in Europe, Vol. 33, No. 4.
Carnevale, A., Fasules, M., Huie, S. B., & Troutman, D. (2017). Major matters most: The economic value of bachelor’s degrees from the University of Texas system. Georgetown Center on Education and the Workforce. Retrieved from https://1gyhoq479ufd3yna29x7ubjn-wpengine.netdna-ssl.com/wp-content/uploads/UT-System.pdf.
Cooper, P. (2017). New York fed highlights underemployment among college graduates. Forbes. Retrieved fromhttps://www.forbes.com/sites/prestoncooper2/2017/07/13/new-york-fed-highlights-underemployment-among-college-graduates/#45d30bb740d8.
Darvas, P. (2000), “A Regional Perspective: Central and Eastern Europe” in Altbach, P.G., and Peterson, M.P. edition (2000): Higher Education in the 21st Century: Global challenge and national response, Institute of International Education and Boston College Center for International Higher Education, pp 79-89.
Hodges, D., Burchell, N. (2003), “Business Graduate Competencies: Employers’ Views on Importance and Performance”, Asia-Pacific Journal of Cooperative Education, 2003, 4(2), 16-22.
Luen, W.K. (2008), Curriculum gaps in business education: A case study of stakeholders’ perceptions, , Doctorial thesis at the University of Leicester.
Martensen, A., Grønholdt, L. (2009), “Quality in higher education: linking graduates’ competencies and employers’ needs”, International Journal of Quality and Service Sciences, Vol. 1 No. 1, pp. 67-77.
McMurray, S. at all. (2016), “Employer demands from business graduates”, , Education + Training, Vol. 58 No. 1, pp. 112-132.
Pomorina, I. (2012), Economics Graduates’ Skills and Employability, The Economics Network.
Rassuli, A. at all (2012), “A Survey of Critical Knowledge and Skills of Business School Graduates: Employer Perspectives”, The Journal of International Management Studies, Vol. 7, No.2.
Skills mismatch: employability and entrepreneurial skills of graduates / coord. Elisabeth T. Pereira. - Aveiro: UA Editora, 2015. - 133 p. Project #EuropeHome, report of needs analysis (Greece, Latvia, Poland, Portugal, Spain).
Slaughter, S., Rhoades, G. (2004). Academic Capitalism in the New Economy. Baltimore, Md.: The John Hopkins University Press.
Sporn, B. (2000), “Current Issues and Future Priorities for European Higher Education Systems” in Altbach, P.G., and Peterson, M.P. edition (2000): Higher Education in the 21st Century: Global challenge and national response, Institute of International Education and Boston College Center for International Higher Education, pp. 67-79.
Velez, A. (2012). Preparing Students for the Future-21stCentury Skills. Southern California: UMI.
Weissmann, J. (2012, April 23). 53% of recent college grads are jobless or underemployed—how? The Atlantic. Retrieved from https://www.theatlantic.com/business/archive/2012/04/53-of-recent-college-grads-are-jobless-or-underemployed-how/256237/.
WVDE Survey of Employer Skill Needs ●●●2019, West Virginia Department of Education.
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
