The Value of Research and Its Evaluation in Business Schools; Killing the Goose That Laid the Golden Egg?

See on Scoop.itDual impact of research; towards the impactelligent university

Abstract:

Critics have characterized academic research as being of little practical or commercial value. Such criticism of scholarly research, as opposed to applied research, resonates with detractors who do not appreciate the evolving role of business schools in providing foundational research. The authors contend that scholarly research helps develop knowledge in fields such as strategic management, enhances the value of later applied research, and provides content for courses. Not all research is of high quality, however, so the evaluation of research is critical. The authors examine several considerations for evaluation, such as journal rankings, interdisciplinary evaluation, and breadth of approach.

 

Conclusions:

We acknowledge the obvious, that not all the research we do is important. Yet, there can be little question of the overall value of conducting academic research, even if it sometimes does not generate immediately obvious practical applications or commercial value. Our discussion above suggests that effective research evaluation systems have never been more important to the continuation and legitimacy of our research activities. Business schools need to carefully and thoroughly assess the quality and impact of research conducted by their faculties. Such evaluations strongly influence the quality of the research done and the reputation of the school as well. Yet, the pressures on universities and business schools for faculty to teach more classes and more students and to only do research that has clear, immediate, and discernible value heighten the importance of the means by which we evaluate and reward research. We should ensure that the increased sophistication of our research is matched by similar sophistication in our methods of evaluation. We must develop and use systems that are reliable and valid and justifiable to all our major stakeholders, internal and external. The very survival of business schools as we know them in universities may be at stake.

 

Journal of Management Inquiry April 2012 vol. 21 no. 2 236-240

Michael A. Hitt, Texas A&M University, College Station, USA

Charles R. Greer, Texas Christian University, Fort Worth, USA

See on jmi.sagepub.com

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About Wilfred Mijnhardt
RMIMR is my virtual playground, a place to reflect on issues from my professional context, my job as Policy Director at Rotterdam School of Management, Erasmus University (RSM). RSM is the international university based business school at Erasmus University Rotterdam. More info here: www.rsm.nl Here is my list of relevant publications on the topic of my RMIMR weblog: http://www.mendeley.com/collections/694621/RMIMR-Repository/ The rss feed for my RMIMR collection is here: http://www.mendeley.com/collections/rss/694621/ Here is my other weblog on impact of research: http://www.scoop.it/t/dualimpact

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