The Role of Higher Education Policy and the Development of Management Science in the Industrial Revolution 4.0: A Perspective From Indonesia

Abstract

The development of digital technology has disrupted a variety of human activities, not only as a driving force for the economy but also in the fields of science and technology and higher education. The industrial revolution 4.0 era has influenced higher education policy, teaching, and development of management science in universities. This article focuses to discuss the role of higher education policy and the development of management science in the era of industrial revolution 4.0. Based on theoretical studies and relevant literature reviews, the author argued that the challenges of the industrial revolution 4.0 must be responded quickly and appropriately by all stakeholders to be able to anticipate changes in the world and increase the competitiveness of the Indonesian college student in the midst of global competition. The management science curriculum development must emphasize the fields of Science, Technology, Engineering, and Mathematics. Management science should refer to learning based on information and communication technology, the internet of things, big data, and computerization. Furthermore, management science is expected to create higher thinking order skills (HOTS) for higher education students. Finally, management science is also expected to provide teaching and have noble values, spiritual values, wisdom, and the element of human touch.

Proposed model and strategy for Indonesian higher education facing technological disruption and Industrial Revolution 4.0 using Newton's Laws analogy

“…Based on what has been discussed, Newton's laws analogy can provide practical application to higher education in making a management decision related to TD4IR. The results of Newton's law analogy study further complement the results of previous research, which has provided an overview of impact analysis [9,10,11], analyzed readiness and modeling [12,13,14,15,16,17], and how the strategy should handle the TD4IR [18,19,28,29], thereby providing a clearer picture of how higher education in Indonesia should succeed in dealing with technological disruption and Industrial Revolution 4.0. Apart from being a tool for decision-making, this study also contributes to the development of advanced strategic management science.…”

“…Bonfiel et al [9] examined the digital revolution's effects on higher education and the future of curriculum delivery. Nugraha et al [10] put forward higher education students that study management, including empathy, compassion, and other humane qualities. Abad-Segura et al [11] looked at how digital transformation affects the education sector and how sustainable management can adapt to new technologies.…”