Creating world-class universities in Russia: Collaboration with international business

Abstract

The goal of this paper is to investigate the role of Russian universities’ collaboration with international business, i.e. international companies, in context of Russian HEIs’ becoming WCUs. Russian universities acknowledge the need to develop long-term strategic collaboration with international companies in order to achieve s WCU status. Russian universities at present do not implement overarching performance management system of managing collaboration with international business. Separate elements, of performance management are in place.. However, universities acknowledge the need for such a system. The paper provides recommendations for Russian universities to implement such a system.