From Purpose to Impact

The University and Business Partnership

Nicholas O'Regan

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English

Routledge
24 July 2024

Research methods: general; Higher & further education, tertiary education; Business & management

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 collaborative 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 proactively 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.

Edited by: Nicholas O'Regan
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
ISBN: 9781032603636
ISBN 10: 1032603631
Pages: 410
Publication Date: 24 July 2024
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Paperback
Publisher's Status: Forthcoming

Part I: The Changing University/Getting Impact on the Agenda 1. The new priority for the new academic environment 2. A Radical Notion: Make Business Schools Useful to Businesses 3. Business Schools and Business in the UK: A Growing Success Story 4. Academics Are from Pluto, Managers are from Mercury: Bringing Sense to the Management Science versus Management Practice Debate 5. Research, Impact, and Institutional Actors: Where are the Leaders? 6. Collaboration: Why Getting It Right is the Key to Academic Success 7. ‘Nothing ill can dwell in such a temple’: Internal Partnering for External Success 8. Engagement as Strategy 9. From Purpose to Impact: From Partnerships to Shaping Systems 10. Not Just Academic: Strategies to Keep Rigorous Research Relevant Part II: The Impact University 11. The Responsible Research in Business and Management (RRBM) Community: Responsible Management Education and Impactful Research 12. Third Space Innovators: Boundary Spanning for University–Industry Collaboration 13. The Two Imperatives of Business School Impact 14. Leveraging Academic Structures and Resources to Impact Non-Academic Organizations 15. Innovative Pedagogical Strategies Through University–Firm Dynamics: Transforming Practices and Mindsets 16. The Sustainability Consortium as Action Research 17. Building Holistic, Integrated Partnerships for Broader Impact: Case Study 18. ENLIGHT: Towards an Impact-Driven University 19. How Can Business Schools Increase External Orientation and Business Connect Through Executive Management Education Programs? 20. Commercialization of Research: Managing the Transition from Academia to Business 21. A Scorecard for Designing and Evaluating University Partnerships Part III: The Impact Academic 22. Becoming an Impact Academic 23. The Early Career Researcher: A Science and Innovation Perspective 24. The Early Career Academic: Engaging with Business 25. Spanning Boundaries Through Intersectoral Mobility 26. Publishing in Practitioner Journals 27. Generating Applied Impact Through Executive Doctoral Programs in Business and Management 28. Unleashing Organisational Potential 29. How High-Impact Academics Can Build Exceptional Academic Incubators by Leveraging Business Partnerships 30. From Purpose to Impact: Time for a New Business School Model?

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.

Reviews for From Purpose to Impact: The University and Business Partnership

“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