Policy makers can also play a crucial role in addressing educational gaps in business:
1. Funding Initiatives: Providing funding for educational programs that focus on emerging business trends and technologies can help institutions develop more relevant curricula.
2. Incentivizing Industry Collaboration: Creating incentives for businesses to collaborate with educational institutions can foster a closer alignment between academic offerings and industry needs.
3. Standardizing Skill Requirements: Developing standardized skill requirements for various business roles can help ensure that educational programs are designed to meet these standards.