Open AccessCRITICAL FACTORS IMPORTANT FOR EFFECTIVE INDUSTRY- INSTITUTE INTERACTIONS (III): AN INDIAN PERSPECTIVE
Author(s) -
Sanjay Kumar,
Sunil Luthra,
Abid Haleem
Publication year - 2016
Publication title -
international journal of the analytic hierarchy process
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.213
H-Index - 3
ISSN - 1936-6744
DOI - 10.13033/ijahp.v8i1.319
Subject(s) - analytic hierarchy process , ranking (information retrieval) , perspective (graphical) , robustness (evolution) , rank (graph theory) , management science , computer science , action plan , politics , operations research , process management , knowledge management , business , political science , economics , artificial intelligence , management , engineering , mathematics , biochemistry , chemistry , combinatorics , law , gene
The management of Industry-Institute Interactions (III) has been found to be an important aspect in today’s market. In this paper an attempt has been made to identify Critical Factors (CFs) and rank these for effective III from an Indian perspective. The present paper is based on two research stages. Initially, an extensive literature review was conducted to identify CFs of III. Forty three CFs for effective III were identified and categorized into nine dimensions based on input from experts. In the second stage, the Analytical Hierarchy Process (AHP) was utilized to rank these dimensions and CFs for effective III from an Indian perspective. Paired comparisons in AHP were based on the opinions of experts (selected from academia and industry). The proposed decision framework may offer some valuable guidelines for policy makers to develop their plan of action in terms of design of short and long term policies and strategies to promote effective III in India. A sensitivity analysis was also performed to investigate the robustness and priority ranking stability of CFs in the proposed framework. This paper may help India to achieve and manage effective III leading to potential economic, social, political, cultural and environmental advantages.