The role of university in regional development — Case study

Universities play a very important role in regional development as they contribute to regional economies and regional development. It is a generally accepted fact around the world that human capital is a major tool for achieving competitive advantages in the global market. An efficient society, which builds its competitive advantages on knowledge, must have a flexible labour market, adequate levels of employee security and protection, but also a system that continuously fosters and rewards investment into knowledge. People, their needs, motivation and satisfaction have therefore come into the focus of human resource management. An autonomous university, which is willing to adapt to changes and fulfil the requirements of the community, is a driving force behind overall development.