Motivation Monday: Bridging the Gap - The Essential Collaboration Between Business and Education

Summary

This transcript emphasizes the vital synergy between business and education, particularly in higher education's role as a think tank for innovation and societal growth. It highlights how businesses can collaborate with educational institutions like Walsh College to develop relevant skills, leadership, and continuous learning for today's and tomorrow's workforce. The speaker encourages business leaders to partner with educational institutions to help design tailored training programs that benefit both organizations and employees, emphasizing the long-term value of continuous education for entrepreneurs and professionals.

Takeaways

• 🤝 Education and business collaboration is crucial for the growth of both sectors, with significant benefits for students, professionals, and industries.
• 🧠 Higher education institutions serve as think tanks, fostering innovation through students, alumni, and faculty.
• 🌍 Business leaders play a vital role in helping educational institutions understand what is needed in the workforce, ensuring students are equipped with relevant skills.
• 🚀 Walsh College, with its focus on business and industry, emphasizes the practical application of knowledge by its working professional students.
• 📚 Education has historically been key to building productive societies, and reconnecting business with education can enhance that role.
• 🎯 Business leaders can inform educational leaders on the skills and knowledge necessary to succeed in today's and tomorrow's industries.
• 💼 Business and education partnerships can help create tailored programs for continuous improvement in areas like leadership, technology, and management.
• 🏫 Walsh College offers a variety of professional development programs, including data analytics, cybersecurity, AI, and leadership development.
• 🔍 Continuous learning and professional development are essential for business leaders to retain talent and maintain a competitive workforce.
• 📅 Business professionals should actively seek partnerships with educational institutions to engage in relevant training and development opportunities.

Q & A

What is the significance of collaboration between business and education?

The collaboration between business and education is vital because it allows both sectors to complement each other. Education provides ideas, innovations, and skilled graduates, while businesses can turn these into products, services, and market-ready innovations. This synergy helps build a stronger workforce and drive societal progress.

What role does Walsh College play in the integration of business and education?

Walsh College is deeply embedded in the fabric of industry, offering a platform for students who are also working professionals. This allows them to apply what they learn directly in the business world. The college’s Center for Innovation and Entrepreneurship supports the integration by fostering ideas and opportunities for business collaborations.

How does higher education contribute to society according to the script?

Higher education has historically contributed to society by creating productive citizens, helping families, and building communities. It provides individuals with the knowledge and skills needed to make a meaningful impact, both today and in the future.

What challenges have arisen around the value of higher education?

There have been questions about the value of higher education, particularly regarding whether a college degree is necessary. This has led to debates about its relevance, although the speaker emphasizes that the connection between business and education remains immensely valuable.

How can businesses benefit from engaging with educational institutions like Walsh College?

Businesses can benefit from engaging with educational institutions by collaborating on training programs and continuous learning opportunities. Educational institutions can help businesses by developing tailored programs that meet the industry's needs, ensuring a workforce that is relevant and capable of leading in the future.

What types of professional development opportunities does Walsh College offer?

Walsh College offers a variety of professional development opportunities, including programs in data analytics, cybersecurity, artificial intelligence, machine learning, leadership development, and HR certification (SHRM). These programs are designed to equip individuals and businesses with the skills needed for today and tomorrow.

Why is continuous education important for business leaders?

Continuous education is crucial for business leaders because it helps them stay relevant in a rapidly changing business landscape. Investing in personal and professional development is one of the best decisions a leader can make, as education and knowledge cannot be taken away and are essential for long-term success.

How can businesses contribute to improving education?

Businesses can contribute to improving education by sharing insights about their industry needs with educational leaders. This allows institutions to adapt their curricula to meet real-world demands and better prepare students for the workforce. Collaboration between both sectors ensures relevant and impactful training.

What advice does the speaker give to business leaders regarding educational engagement?

The speaker encourages business leaders to actively engage with local colleges, community colleges, or educational institutions. By participating in educational initiatives or collaborating with institutions like Walsh College, businesses can shape the workforce of the future and enhance their own operations.

How does the partnership between business and education benefit talent retention?

The partnership between business and education helps businesses retain talent by offering continuous learning and development opportunities. Educational institutions provide tailored training that helps employees grow, stay motivated, and feel valued, contributing to long-term retention within the organization.

Outlines

00:00

💼 Synergy Between Business and Education: A Powerful Partnership

The synergy between business and education is crucial for both industries to thrive. This paragraph emphasizes the importance of partnerships between business communities, industries, and higher education institutions. It highlights an event at Walsh College where Oakland County leaders, faculty, and administration discussed this synergy. The collaboration between educational institutions, serving as think tanks with innovative ideas, and businesses, which bring products and services to market, is essential. Walsh College, with its strong ties to industry, exemplifies this connection by providing students who are already working professionals, allowing for practical application of their studies in real-time.

🎓 Historical Value of Education and Its Role in Society

Education has historically played a pivotal role in building productive citizens and societies, especially in both Europe and America. Despite recent debates about the value of higher education, this paragraph asserts that the partnership between business and education remains essential. Businesses inform educational institutions on the necessary skills for the workforce, while education prepares individuals to be relevant in today's and tomorrow's job markets. The paragraph also highlights how business leaders can help shape curricula and training to ensure that graduates meet industry needs.

🏢 Business Leaders’ Role in Supporting Education

Business leaders and entrepreneurs can play an influential role in education by sharing industry insights with educators and helping shape programs that align with market demands. This paragraph encourages business leaders to partner with educational institutions like Walsh College to help prepare the next generation of leaders. It also emphasizes the role of education in continuous improvement within businesses, from technology to leadership and management, underscoring how businesses can benefit from engaging with education to build a learning organization.

📚 Continuous Learning and Its Impact on Business

Education is not just about preparing for today but also for the future. This paragraph focuses on the integration of business and education, showcasing how Walsh College offers various professional development programs, including certificates in data analytics, cybersecurity, HR certification, and more. It encourages business leaders to consider these offerings to develop their workforce. The combination of educational innovation and business application leads to mutual benefits: businesses help shape education, while education ensures relevant, forward-thinking training.

🚀 The Value of Lifelong Learning and Business-Education Integration

This paragraph serves as an inspirational call to action for business leaders to embrace continuous learning and development. It stresses the long-term value of education as an investment, urging leaders to seek partnerships with educational institutions and engage in ongoing training. Education, it argues, is a permanent asset, with Walsh College acting as a prime example of a successful business-education partnership that leverages technology and knowledge to drive change in the world.

Keywords

💡Synergy

Synergy refers to the interaction or cooperation between two entities to produce a combined effect greater than the sum of their separate effects. In the video, synergy is used to describe the powerful collaboration between business and education, highlighting how these two sectors can complement and enhance each other’s strengths to foster innovation and create solutions.

💡Higher Education

Higher education refers to learning institutions such as colleges and universities that provide advanced learning beyond high school. In the video, higher education is seen as a think tank that generates innovative ideas and prepares students with the knowledge and skills needed in the workforce. Institutions like Walsh College offer programs that address the needs of industries and help bridge the gap between education and business.

💡Business Leaders

Business leaders are individuals who hold leadership positions in companies or industries and are responsible for decision-making and steering their organizations. The video emphasizes the role of business leaders in engaging with educational institutions to help shape the curriculum and training programs that will produce the next generation of skilled professionals.

💡Entrepreneurs

Entrepreneurs are individuals who create and manage businesses, often taking on greater than normal financial risks in order to innovate and bring new products or services to market. The video highlights the importance of entrepreneurs working with educational institutions to gain insights and train employees, ensuring that the workforce is equipped to meet the challenges of today's economy.

💡Collaboration

Collaboration refers to working together to achieve a common goal. The video emphasizes the need for collaboration between businesses and educational institutions, where business professionals inform educators about industry needs, while education helps in developing a skilled workforce. This collaboration is seen as vital for preparing leaders for both the present and future.

💡Innovation

Innovation refers to the creation of new ideas, products, or methods that provide value or solve problems. In the video, innovation is seen as a key output of the collaboration between education and business, with higher education institutions acting as think tanks that generate ideas, which businesses then turn into practical products and services.

💡Workforce Development

Workforce development involves the training and education of workers to meet the needs of employers and industries. The video stresses the role of educational institutions like Walsh College in providing specialized programs and certifications that help businesses develop the skills of their employees, ensuring they stay relevant in an evolving job market.

💡Continuous Learning

Continuous learning refers to the ongoing process of acquiring new knowledge or skills throughout one's career. The video encourages business leaders to commit to continuous education, both for themselves and their employees, as it is seen as one of the best investments for staying competitive in today’s fast-paced industries.

💡Training Programs

Training programs are structured learning experiences that provide specific skills or knowledge needed in a professional context. In the video, training programs are highlighted as a tool that educational institutions offer to businesses, including areas like data analytics, cybersecurity, and leadership development. These programs help businesses improve their operations and retain talent.

💡Center for Innovation and Entrepreneurship

The Center for Innovation and Entrepreneurship (CIE) is an example of a specialized unit within an educational institution, like Walsh College, dedicated to fostering innovation and supporting entrepreneurial ventures. The video mentions CIE as a resource for businesses to collaborate with, offering opportunities for innovation and professional development through tailored educational modules.

Highlights

Synergy between business and education is critical for both industries, emphasizing collaboration for mutual benefits.

Oakland County hosted an event at Walsh College, focusing on the importance of partnerships between education and business.

Higher education, like Walsh College, acts as a think tank with students, alumni, faculty, and innovation centers driving new ideas.

Business and industry take innovations from education and turn them into real-world products, services, and inventions.

Walsh College's integration into industry allows students to apply their learning directly in the business world, promoting real-time education.

Historically, higher education aimed to create productive citizens, societies, and communities, though some of this connection may have weakened over time.

Businesses inform educators about industry needs, ensuring that graduates are well-prepared to be relevant today and in the future.

Educational institutions like Walsh College can tailor training programs to meet the needs of businesses, from technology to leadership.

Continuous learning and development is vital for business leaders, entrepreneurs, and employees to stay competitive and innovative.

Walsh College offers various professional development programs, including master's degrees and certificates in data analytics, cyber security, and more.

Business leaders are encouraged to engage with educational communities to co-create training that fosters workforce development.

Walsh College emphasizes the importance of innovation and entrepreneurship through its Center for Innovation and Entrepreneurship (CIE).

Committing to continuous education is one of the best investments a business leader or entrepreneur can make.

Education provides knowledge and skills that cannot be taken away, making it invaluable for personal and professional growth.

Walsh College exemplifies the integration of business, technology, and education, aiming to transform industries and create future leaders.

Transcripts

so what is the Synergy between business

and education and how important is it

for both the business Community the

industries and higher education the

educational communities to partner this

is such an important topic in fact just

on Walsh College's campus today we had

an incredible education and business

event Oakland County came and we had

this great conversation with our faculty

and some of our leadership about the

importance of education and business

collaborating and really synergizing and

complimenting each other and there's

reasons for this that are really

important for Business Leaders and

entrepreneurs to know so first of all

education higher education we are a

think tank right we have students we

have alumni we have faculty we have

ideas and Innovations especially at

Walsh we have our Center for Innovation

and Entrepreneurship and we have so many

opportunities for this to come into the

world and then in business and an

industry they're able to do products and

services and inventions and really help

take that to the people so to have that

combination of business expertise and

education is really powerful so I was

thinking about this in terms not only of

what we do at Walsh College because we

are so knit in the fabric of industry

and the marketplace and business our

students are working professionals so

they're learning at Walsh as they're

applying it in the business world but

also when you really think about the

history of higher ed the value that

education when you look at in both in

Europe and in America education was

there to create really incredibly

productive citizens individuals

societies it helps families and

communities and through time we may have

lost a little bit of that connection

right there's been value proposition

questions about education specially

higher aded do you need a college degree

do you not but even if we set those

conversations aside the value that

business can bring to the educational

Community is immense as Business Leaders

as entrepreneurs you can tell us you can

share with us as Educators and

educational leaders what is really

important in your industry what you want

your employees and your professional to

know and how we can train them up to be

really relevant today and to tomorrow

because we have to be preparing the

leadership not only of today but of

tomorrow and also educational

Enterprises like a Walsh College can be

here for you to design training and

programs and learning and continuous

Improvement to really help you create a

learning organization everything from

the way you're doing the business the

books the finances the technology the

leadership the management all of it so

there's an incredible integ ation of

these two amazing Industries and amazing

worlds and it's like The Best of Both

Worlds when you have business and

education together so if you're a

business leader and a business

professional think about ways you can

engage educational communities reach out

to us at Walsh especially our cie our

Center for Innovation entrepreneurship

but reach out because we have so many

professional development modules like

our master of science and data analytics

we have a data analytics certificate we

have a cyber security certificate we

have a Sherm prep class if you're HR and

you want to be HR certified we have so

many opportunities artificial

intelligence machine learning leadership

development we can help you create the

workforce of today and of tomorrow and

help you retain talent and you help us

by informing the best way we can train

up and empower the leaders so this

message is a little different today it's

it's an inspiration for you as

individual Business Leaders and owners

but it's also to speak into the

importance of integration and education

and I'll tell you this for Business

Leaders and entrepreneurs committing

yourself to continuing Learning and

Development committing yourself to

continuous education is one of the best

investments you'll ever make because no

one can take away an education or

knowledge that is so important so if you

have looking ahead for your week and you

have your schedule in front of you and

you think you know what I might want to

check out this training or I might want

to engage in our local college or our

community college or our education

institutions and see how I can partner I

highly encourage you to do that I

absolutely love highered I love business

and I love Walsh College because Walsh

college is the very amplification of a

partnership with business technology and

education to change the world