Higher education institutions in general and business schools in particular, have to pay special attention in establishing partnership with industrial and commercial companies for the purpose of ensuring their successful performance. Continuous co-operation with the business sector and labour market will upgrade educational programmes up to the labour market requirements as well as provide employment to graduates. The proposed model of partnership reflects the engagement of employers with the business educational programs. The partnership between labour market and business education can contribute to benefit both business schools and labor market. Such partnership enables the higher education institution to enhance its competitive advantages and improve the quality of education the institution provides, as well as to meet the labour market demand for specialists in various spheres of business and science. Business school gains a power tool in restructuring education according to the need of the workforce and the industry will have the opportunity to add value of its operational system by recruiting competent graduates who have built their capabilities according to the cooperative system. Integrated curriculum and innovative instructional strategies and specifically, the curriculum project-based nature can be applied to build the bridge between labor market and business school programs. The basic advantage of partnership models and applications is to offer solid lists of skills which are most important for business graduates, the breadth and depth of these skills change based on the type of curriculum consistent with the labor market and the methods in implementing the curriculum. This paper emphasizes on the strategic partnership between Business Education and labor market by implementation of effective mechanisms of cooperation between business schools and industry. The suggested models of this study are establishing and measuring the competencies required by business departments and schools; designing an integrated context business curriculum; and setting partnership system and procedures.

Higher education institutions in general and business schools in particular, have to pay special attention in establishing partnership with industrial and commercial companies for the purpose of ensuring their successful performance. Continuous co-operation with the business sector and labour mar...