1st Edition
From Purpose to Impact The University and Business Partnership
To meet the challenge of closing the gap between academic research and industry practice, we need a step change in how the business school and the business scholar engages with business. This book presents best practice in the methods of broadening successful academic–business engagement on a major scale. It presents concrete recommendations for setting programmes, creating incentives and structuring recruitment that will transform effective academic–business engagement.
Most universities claim to have significant links with industry and the professions, but, in reality, only a limited number of business scholars are engaged with industry. A focus on ‘impact’ presents an additional potential trap, confusing promotion of research and tactical tips and tricks, with genuine engagement. This book explores the increasing number of new and innovative partnerships and collaboration activities, and looks at how academics can adapt to and leverage these new opportunities. It focuses on the academic as the primary driver of the external relationship and outlines the skills and capabilities needed to pro-actively develop engagement. Finally, the book provides a number of examples of best practice from a range of countries.
Written by senior business scholars and leaders from around the world, and with examples of best practice included from leading universities, this book gives universities the insight needed to develop a broader range of relationships with businesses and to have genuine engagement and impact in practice.
Part I: The Changing University/Getting Impact on the Agenda
1. The new priority for the new academic environment
Andrew Jack
2. A Radical Notion: Make Business Schools Useful to Businesses
George Feiger
3. Business Schools and Business in the UK: A Growing Success Story
Peter McKiernan
4. Academics Are from Pluto, Managers are from Mercury: Bringing Sense to the Management Science versus Management Practice Debate
Timothy M.Devinney
5. Research, Impact, and Institutional Actors: Where are the Leaders?
VK Nayararan
6. Collaboration: Why Getting It Right is the Key to Academic Success
Lorraine Skelton
7. ‘Nothing ill can dwell in such a temple’: Internal Partnering for External Success
Kelly Farrell
8. Engagement as Strategy
Tim Vorley
9. From Purpose to Impact: From Partnerships to Shaping Systems
Carolin Plewa, Jodie Conduit, Natalie Forde, Judith Helmer and Katrin Uude
10. Not Just Academic: Strategies to Keep Rigorous Research Relevant
Ahmad Beltagui and Michael E Hitt
Part II: The Impact University
11. The Responsible Research in Business and Management (RRBM) Community: Responsible Management Education and Impactful Research
Howard Thomas
12. Third Space Innovators: Boundary Spanning for University-Industry Collaboration
Anita Kocsis, Joann Cattlin and Lisa M. Given
13. The Two Imperatives of Business School Impact
Michel Kalika
14. Leveraging Academic Structures and Resources to Impact Non-Academic Organizations
David R. Seibold
15. Innovative Pedagogical Strategies Through University-Firm Dynamics: Transforming Practices and Mindsets
Carlos Restrepo-Rivillas, Alejandro Beltran-Duque and Carlos Bello-Perez
16. The Sustainability Consortium as Action Research
Kevin J. Dooley
17. Building Holistic, Integrated Partnerships for Broader Impact: Case Study
Sandra Crocker
18. ENLIGHT: Towards an Impact-Driven University
Glória Nunes Rodrigues, Igor Campillo and Iñigo Puertas
19. How can Business Schools increase external orientation and Business connect through Executive Management Education programs
R. Jayaraman
20. Commercialization of Research: Managing the Transition from Academia to Business
Einar Rasmussen
21. A Scorecard for Designing and Evaluating University Partnerships
Chris J Barton, Derrick M Anderson, Leah R Gerber, Candice Carr Kelman, and Martha Arízaga
22. Becoming an Impact Academic
Jane McKenzie
23. The Early Career Researcher: A Science and Innovation Perspective
Paul J. Woodfield, Erling Rasmussen and Rafaela Costa Camoes Rabello
24. The Early Career Academic: Engaging with Business
Rebecca Beech
25. Spanning Boundaries Through Intersectoral Mobility
Jenny Backstrand and Malin Lofving
26. Publishing in Practitioner Journals
Pamela Sharkey-Scott
27. Generating Applied Impact Through Executive Doctoral Programs in Business and Management
John A. Parnell
28. Unleashing Organisational Potential
Paul Jones and Keith Schofield
29. How High-Impact Academics Can Build Exceptional Academic Incubators by Leveraging Business Partnerships
Victor Schiller
30. From Purpose to Impact: Time for a New Business School Model?
Nicholas O’Regan
Biography
Nicholas O’Regan is Professor in Strategy at Aston Business School. He is a Fellow of the Academy of Social Sciences and a Fellow of the British Academy of Management.
“In a world where humanity is at war with itself and its Home Planet, business education must evolve and consider its contribution to human society in very different ways. And I am not referring to tweaking the Capital Asset Pricing Model to account for the first ever downgrade of the US Government risk-free rate benchmark. As we move into a new Quantum World of unknown governance, Nicholas O’Regan’s seminal work shows just how a cutting-edge business school can re-invent its relevance and significance to modern human society. How far can business innovation and enterprise go to mitigate the debilitating short-sightedness of human leadership?”
Xavier R. Rolet KBE, Chairman of Shore Capital Markets, Harvard Fellow, and former CEO of the London Stock Exchange Group
“The contents of this book should interest all those concerned with economic development and organisational development in their cities and regions.”
James Timpson OBE DL, Chief Executive, Timpson Group
“A much-needed look by a wide range of contributors, at how business school academia must radically change to engage with real practice, real companies and graduates who need to be work-ready. As a devotee of ‘what gets measured gets done’, I particularly welcome the focus on Implementation and Impact – what in business we call execution and KPIs.”
Leo Quinn, Group Chief Executive, Balfour Beatty
“Instead of resting on their laurels, this book stresses the need for change, reinvention and the professionalisation of the approach to business from our universities.”
Ann Francke OBE, Chief Executive, Chartered Management Institute
“A fascinating book, justifying why universities getting closer to business makes sense for them as institutions, and as a springboard for the brightest minds to become commercial success stories. Each chapter a compelling read.”
Vis Raghavan, CEO, Europe, Middle East & Africa, J.P. Morgan
“An engaging volume from respected academics with challenging ideas and practical advice for the future of, and need for, greater and more effective collaboration between business and academia.”
Rupert Soames OBE, Chair, Smith & Nephew plc
“A well-structured book with detailed chapters on building an academic engagement model with business to address the many challenges facing both business and universities. The various chapters are a compelling read.”
Martin McCourt, Non Executive of Weber Inc, Chairman of COMPO and former CEO of Dyson
“There is a real need for business schools to change their approach if they are to remain in touch/relevant to those who operate in the business world.”
Sir Rod Aldridge OBE, Chairman, Aldridge Foundation and founder/former executive Chairman, Capita PLC
