Coevolution of education and business: adaptive interaction

The study focuses on innovative means of interaction between educational and business entities. These means are aimed at drawing a parallel between established educational objectives and practical experience. Business education has to transform to ensure coevolution of the business needs and capabilities of the business education, and this challenge is discussed in the article. It explains why it is urgent to introduce new ways of interaction and involvement of the students in managerial and economic processes. An expanded typology of modern business education models has been described in this study. Their practical implementation would prove fruitful in the long run. In particular, it would allow the educational institution to evolve along with the business environment and constantly adapt to new challenges. Businesses would be able to improve and replenish labour resources, and graduates of business schools would be more competitive on the market.