Rapid changes in the global economy forces Industry to continuously seek competitive advantages; the University on the other hand pursue additional funding. Both Industry and University are trying to keep up with the accelerating pace of change, therefore partnership become critical in achieving key objectives.
Research collaborations become essential and offer direct benefits for University and company participants. The impact extends well beyond the direct partners. When potential partners have the resources and knowledge to accomplish individual goals, working with outside experts can improve the quality of the research and help to reduce costs. Industry-sponsored research allows the University to obtain financial support as well as Industry exposure for its educational and research missions.
The Technology and Human Resources for Industry Programme (THRIP) aims to boost South African Industry by supporting research and technology development, and by enhancing the quality and quantity of appropriately skilled people. THRIP brings together the best of South Africa's researchers, academics and industry players in funding partnerships that enable participants to improve the quality of their products, services and people. In 13 years it has become a powerful formula for stimulating innovation in South Africa - innovation leads to competitiveness and competition leads to growth.
There are many difficulties in managing projects across organisational boundaries; their cultures and their mission differ. The goal and the prime objective of the industries are to make a profit and build-value for shareholders. The universities‟ missions are to develop new knowledge and educate the next generation. Factors that may prevent research collaboration with Industry from being successfully accomplished are:
• The practical difficulties of managing a collaboration,
• Deleterious effects on faculty and students,
• Impact on the mission,
• Reputation and financing of the University.
Industry needs to overcome the following hurdles in order to foster greater collaboration:
• Respect the value of research collaboration,
• Incorporate University research into product development,
• Management barriers. / Thesis (MBA)--North-West University, Potchefstroom Campus, 2013.
| Identifer | oai:union.ndltd.org:NWUBOLOKA1/oai:dspace.nwu.ac.za:10394/9819 |
| Date | January 2012 |
| Creators | Potgieter, Dorathea Maria |
| Publisher | North-West University |
| Source Sets | North-West University |
| Language | English |
| Detected Language | English |
| Type | Thesis |
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