The attitude of academia and industry towards each other is quite indifferent, ingeneral, have low confidence in academia for the solution of their industrial problems.
The competence of faculty,preparedness for integration into the knowledge revolution needs to be analysed. The institutions must foster collaborative teaching and research with strong industry interface. There is also much need for innovative in curriculum design and delivery system .
three comments from my own experience
years ago, I took part in a research project looking at possibilities for univ - IT-firm collaboration in an IT-cluster. we found very limited collaborations. A follow-up study indicated that one problem was differences in time-frames. Univ researchers needed at least six months to start and had a hard time focussing on one project on a project due to other obligations, funding, etc, whereas companies wanted to start right away and go all in. major management consulting firms can throw in 50 qualified consultants in a week working on just one problem, something that university researches cannot match
second, in my field of organisation theory, much of what is done is (more or less rightly) perceived as far to abstract, theoretical and irrelevant by industrial practitioners. how do you convince them that it is a good idea to apply postmodern Foucaldian governmentality perspectives to solve industrial problems?
third, university incentive structures make it less interesting for researchers to take on practical change programs: all that counts is publishing articles in international journals and you can hardly get funding for practical change programs.
One limitation is in "Professionalism"
The industry does not compensate academia for the same input, what they would pay to a consultant -professional. Perhaps it is the difference of confidence exhibited, or lack of knowledge on stating terms! If Teachers become professionals, then would they still be teachers?
When teachers are not adequately compensated, the motivation is lost. The teachers who acquire required skills are seen to remain no good.
Consultancy is like diagnosing ailment. Unless you scare the patient, prescribe plethora of tests, and advice a consulting programme.
the alternative of prescribing apt solution which is cheap ==== Job well done, and wait for thanks.
"Appropriate programs, ...................will produce graduates with jobs waiting for them."
in my humble opinion, making in consultation with (local) industry is expected, but may not be sufficient condition, because
(I) cognisance to Local industry will not / may not cater to global requirements
(ii) Local industry may not be competent?
(iii) Choice of experts remains limited
Having a feel of global market is good. Adaptation to local industry will improve the technology upgradation.
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