Asked by Kylor Kauahi on Jun 25, 2024

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Using examples, assess the impact of companies, universities, and governments when working together.

Companies

Legal entities formed by a group of individuals to engage in and operate a business enterprise, commonly aimed at profit.

Universities

Institutions of higher education and research, which grant academic degrees in various disciplines.

Governments

The individuals and institutions responsible for making and enforcing rules and laws within a society or country.

  • Understand the proliferation of research and development (R&D) globally and how it is influenced by economic and policy factors.
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SJ
Sumit JalanJun 29, 2024
Final Answer :
Answers will vary. The quality of the human capital infrastructure is influenced not only by the level of education and training available in countries but also by the level of collaboration and coordination among companies, educational institutions, and government agencies. Global industries struggle when companies don't work with universities to determine current and future needs, when universities and governments don't work together on research and development, and when industry and government fail to set priorities and agendas. When companies, universities, and governments work together, however, they can build world-class opportunities. For instance, Germany successfully cultivated a booming synthetic dye industry by bringing together companies' resources, universities' research, and the government's money.
Similarly, Silicon Valley in California became a world-class center for technology by bringing together academics from Stanford and Berkley, including tech firms from the Valley, and gaining government support from nearby municipalities. The city of Tel Aviv, Israel, sought to replicate the Silicon Valley model by combining government support, educational resources, and business forces to create a tech hub. The government requires all men and women to join the Israeli army and puts the brightest in high-tech intelligence units such as its famous Unit 8200, where it trains them on cutting-edge technologies and encourages them to pursue tech opportunities after their two-year military service. The businesses of the country also spend the most per capita on research and development. Finally, universities in Israel provide world-class programs, particularly in engineering and information technology. The combination of these forces has resulted in an abundance of tech start-ups that have created significant economic growth.
On the other hand, where governments, industries, or educational institutions are not supportive and do not work together, businesses are forced to develop or find resources on their own, narrowing the margins for success.
The section "Industry, Education, and Government" on page 202 discusses how companies, universities, and governments work together. Students can use this section to make their own interpretation and answer this question.