Industry:
- Does not think it is worthwhile to associate with faculty who are purely theoreticians with no understanding of business reality.
- Faculty not competent to research and deliver any valuable input
- SME's can benefit a lot if they can associate with small schools, however, none of these have faculty who can do any customised research.
- Industry associations are spending little or no monies on research. It is only individual companies who want research to address their particular issues and so there is no way to fund research generic research which addresses broader issues impacting industry as a whole.
Institutions:
- Hire faculty with no industry experience
- Workload allotted has no place for industry interaction or research. Teaching, Teaching, and Teaching about business only from reading text books!
- Only association that can be contemplated is with large companies/MNC's with a hope for placements or large research funding....mainly a 'image' building measure.
Faculty:
- No training or experience in understanding research opportunities in the world of business
- Research limited to work towards Phd, getting grants, or publication credit.
- Research is for 'adding to the body of knowledge' not to help business solve or understand real life problems.
- Plenty of research is being carried out across the world to find a cure for AIDS/Cancer or bird flu. How many business researchers are working on the problem of attrition? or decision making ( not using mathematical models but on how heuristics are developed and used). Am sure there is a research happening, the issue is how much and how relevant.
whooo...I need to improve this post. Will edit it next week in the meanwhile I am posting it with a hope that I will get some good insights on this topic
I can see two distinct types of research:
ReplyDelete1. Research that is futuristic and being done from the perspective of creating intellectual property or inquiry.
2. Research that is funded by industry the results of which are used by industry- future technologies, product development , systems engg etc..
It is the second type of research that is done in Industrial R&D labs . Here the byproducts are the intellectual property created like the patents, thesis, papers and so on...
Unfortunately this type of research is not prevalent in the academia in mediocre institutions due to the lack of quality of staff and infrastructure.. Type 1 research is the reason for these mistrust among the stakeholders .. Type 2 research with clear goals and funding and jointly reviewed has yielded results....