Perceptions of SMEs Regarding the Knowledge-Based Economy in the Context of Higher Education
Abstract
Developing nations Executives from many companies have varying views on the knowledge-based economy in higher education. Industry, geography, and experience may affect these impressions. Thus, this study examines SMEs' executives' knowledge-based economy and higher education views. Higher education and the knowledge-based economy share several themes. The study used qualitative methodologies and semi-structured interviews with 15 manufacturing SMEs to understand the research problem.
The study found that SMEs recognize the importance of knowledge, innovation, and higher education in driving economic growth. However, concerns were raised about the suitability and accessibility of higher education programs to SMEs' needs. The study suggests that higher education institutions should work more closely with small and medium-sized enterprises (SMEs) to understand their needs and tailor programs to meet them, especially in adopting modern and skill-oriented curricula and technologies. Most SMEs also believe that government funding and incentives are vital for promoting the knowledge-based economy using the triple helix model, particularly in light of ongoing economic and energy crises.
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