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SOCIAL STAKEHOLDERS APPROACH TO TRAINING OF FINANCIERS<br />

AT VILNIAUS KOLEGIJA / UNIVERSITY OF APPLIED SCIENCES<br />

Artūras VITAS, Viktorija PRAPRAITĖ, Žana PROKOPOVIČIENĖ, Romualda URNIEŽIENĖ<br />

Vilniaus Kolegija / University of Applied Sciences,<br />

Faculty of Economics, Vilnius, Lithuania.<br />

Abstract<br />

Globalization and technological development promote the use of practical approaches so that the aim of<br />

higher educational institutions is to provide graduates with competence which is important for the labor<br />

market and their future career. High schools must strive to involve stakeholders to its community as it<br />

increases learning, especially final professional practice skills. It is also important to pay the attention to<br />

quality improvement and graduates entrenchment in the labor market as helping students to develop skills<br />

which will be needed in their future career.<br />

It is important to prepare graduates for the labor market as if this task is not the only one goal of high school<br />

to cooperate with stakeholders. Each group of stakeholders benefits from mutual cooperation. Students feel<br />

the benefits of cooperation because of business practice acquirement and real hands-on experience with the<br />

opportunity to get a job. Social stakeholder’s opinion survey helps to evaluate readiness of financiers for<br />

practical activity. The article presents the results of stakeholders approach for finance program graduates<br />

competencies.<br />

Keywords: social stakeholders, graduates, professional practice, labor market.<br />

Introduction<br />

According to L. Kaminskiene (2008) there are certain education stakeholders groups: 1)<br />

people (students, teachers, parents of students, graduates and 2)organizations (high<br />

schools, trade unions, non-governmental organizations, and 3)employers (regional and<br />

national level companies, employers' organizations); 4)authorities (regional level of<br />

government, the national government, public units).<br />

T.J. Mr Rowley and Moldoveanu (2003) pointed that the stakeholders are involved in high<br />

school activities led not only rational (tangible and intangible) but also on the emotional<br />

basis. Interest coherence between stakeholders groups with different points of view has a<br />

positive influence on stakeholders’ mobilization activities.<br />

Social members' support the involvement into activities of the institution operate program.<br />

Moreover, committees ensure guarantee in a serious and in-depth approach to<br />

stakeholders’ activities. High schools must strive to involve stakeholders in its community as<br />

it increases the study, in particular, practices as also to improve the quality of the graduates<br />

stay in the labor market perspective, and in addition, to help students to develop those skills<br />

which they will need in the labor market.<br />

Relevance of the Topic<br />

Study quality evaluation aspects are important not only for a higher education institution<br />

but also for employers. As a result, the better future professional is prepared, the better he<br />

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