INDUSTRY PARTNERSHIPS FOR THE SUSTAINABILITY OF THE HIGHER EDUCATION INSTITUTIONS: THE OUM EXPERIENCE

Abstract
A high income nation requires a highly skilled workforce with adequate competencies to trigger the innovation-led growth and promote productivity. As today’s world of work includes mergers and acquisitions, rapid market fluctuations and other turbulences, the workforce needs to upgrade their basic educational base to be able to respond to the emerging needs of a high income nation. No longer an employee can have a lifetime employment in a single company. The workforce needs to polish their professional skills in addition to its current technical skills which can be developed through continuous education. Only then, they will have a hollistic development of both professional and technical skills which enable them to help increase productivity. The changing demands of the markets put pressure on the workforce to learn new skills at an accelerating pace. As Malaysia is moving towards realizing the vision of 2020 to become a fully developed nation, it becomes more crucial to have a first class workforce with these key characteristics – higher education qualifications, welldeveloped skills in technical and profesional fields and increased productivity. In other words, to achieve a firstclass workforce status, the workforce needs a culture of lifelong learning that allows for updating their existing skills as the society and world of work evolve with time. For Malaysia, the massive transformation of higher education is a national agenda to ensure that Malaysia’s higher education is of high quality. Open University Malaysia, the premier open and distance learning institution in Malaysia, has always been sentimental in inculcating the lifelong learning culture in the society. The role of open and distance learning in propogating the lifelong learning culture has become more prevalent in the modern society as it offers an alternative pathway for the existing workforce to upgrade their educational background.
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Keywords
INDUSTRY PARTNERSHIPS, Higher Education Institutions
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