Problem
Students concentrate on preparing for the final exams rather than acquiring practical skills and knowledge due to the high academic pressure, which leads to a shortage of employees in the labor market. As a result, students are often unemployed because they do not want to occupy low positions, and their qualifications are not enough for high positions (Jung 136). The issue with employment arises from the stark contrast between what is taught in schools and the expertise required by modern companies. This affects students who cannot find a well-paid job and the economy because the state budget for education is significant, but the labor market’s needs are unmet. Consequently, academic pressure does not fulfill the main goal – successful employment, which leads to economic problems for individuals and the state.
Solution
The companies, chaebol, must force the state to change the approach to education, reduce the stress of exams, and provide the skills that businesses need. As Cho and Lee indicate, communication skills, leadership, creative thinking, adaptability, and teamwork are also crucial for the labor market (125). Universities and schools can partner with businesses and companies for collaborative projects, internships, and hands-on training. They can give students access to tools, professionals, and technology to gain practical work experience and hone their creative abilities. Germany is renowned for its dual education system, which works closely with entrepreneurs and combines classroom activities with real experience in businesses (Costa et al. 60). The issue of unemployment and a shortage of specialists will be resolved by an updated approach to education that will be balanced with providing both theoretical and practical skills.
Choice
Only with the support and responsibility of the company will this decision be successful. Entrepreneurs’ reluctance to commit resources (time and money) to a project might be a limitation. Finding businesses lacking qualified employees and working with them to conduct a successful case that will serve as an example is a solution to this problem.
The value of entrepreneurship must be recognized by public organizations and institutions, including schools and the state, and the government must adopt this new approach to education by promoting collaboration with business (Xing 670). Then, businesses will receive subsidies for educational cooperation with schools. In conclusion, for the solution of academic pressure on students to be successful, it is necessary for businesses to understand the benefits of working with schools, and for the state to see the effect.
Works Cited
Cho, Yun Hee, and Joo-Heon Lee. “Entrepreneurial Orientation, Entrepreneurial Education and Performance.” Asia Pacific Journal of Innovation and Entrepreneurship, vol. 12, no. 2, 2018, pp. 124–134.
Costa, Sílvia F., et al. “Recognizing Opportunities across Campus: The Effects of Cognitive Training and Entrepreneurial Passion on the Business Opportunity Prototype.” Journal of Small Business Management, vol. 56, no. 1, 2018, pp. 51–75.
Jung, Jisun. “The Fourth Industrial Revolution, Knowledge Production and Higher Education in South Korea.” Journal of Higher Education Policy and Management, vol. 42, no. 2, 2019, pp. 134–156.
Xing, Yijun, et al. “Local Government as Institutional Entrepreneur: Public–Private Collaborative Partnerships in Fostering Regional Entrepreneurship.” British Journal of Management, vol. 29, no. 4, 2018, pp. 670–690.