Managing University-Industry Partnership: A Literature Review

Anatan, Lina and Nur, Nur (2022) Managing University-Industry Partnership: A Literature Review. In: SIBR Conference on Interdisciplinary Business & Economics Research, July 1-2, 2021, Osaka.

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Abstract

The university-industry partnership is an interesting issue to study considering the important role of the university and industry in strengthening the Indonesian economy. Even though many regulations and strategies have been formulated by the Government to increase university-industry partnerships, the partnership is still considered low in Indonesia due to differences in vision, mission, and culture or way of communication which often trigger conflicts of interest between both parties. This paper is a literature review that discusses how to manage university-industry partnerships. The discussion will begin with the development of inter-organizational partnerships in the strategic management literature and why the university-industry partnerships are important to strengthen the competitiveness of both parties involved in the partnerships, particularly the partnership with micro, small, and medium enterprises (MSME). The discussion will continue to focus on issues and inhibiting factors within university-industry partnerships that can trigger barriers to partnerships, conflicts of interest within university-industry partnerships, and how to manage the conflict. The discussion will end with lesson learned from South Korea. This literature review is expected to contribute to the development of literature in the field of strategic management in general and strategic alliances in particular. This paper is also expected to provide knowledge for the decision makers regarding strategic alliances so that the partnership can be managed properly and may have a positive impact on improving the performance of both parties involved in the partnership.

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