A STUDY ON MATCH AND MISS-MATCH OF SKILLS TO EXPLORE THE EXISTING GAPS BETWEEN BUSINESS SCHOOLS AND BUSINESS COMMUNITY

Abstract

Perpetually, business schools are considered to be the suppliers of skills demanded by business community. They, apparently, claim to be the one contributing to the progress of modern business community. Nevertheless, this is not always the case in practice. Despite the broad matching skills supplied by business schools, there are also skills that do not match with the demand of business community. Taking this into account, this study delves down into the success and failure of skill supply by business schools to the demand of business community. As a theoretical lens, the institutional theory and the theory of resource based view is used to identify the central issues of skill supply and demand. Based on the literature review, the theoretical framework is accordingly developed to define the outcome of skill match and skill miss-match between business schools and business community. As a methodological approach this study is qualitative in nature and uses content analysis. The findings suggest that, there are areas where business schools fail to supply matching skills to the business community. In fact, due the rapidly changing business environment and its scope, it seems that it is a slim chance for any single business school or any specific program to provide all the required skills. In this light, however, there are suggested areas of improvements for business school to supply the matching skills. By so doing, business schools are able to create adequate knowledge and relevant skills that can be developed and transferred.