Publication of Innovation Task Force Report: ?The Role of UK Business Schools in Driving Innovation in the Domestic Economy? and the formal Response of the Association of Business Schools?
(Foreword of the report?by The Rt Hon. the Lord Heseltine CH)
All our competing economies have in place much better coordination of the numerous companies that go to make up a local economy. First, central government is too remote and too organised on functional lines, at the cost of place-based strategy, and takes little interest in the quality of advice it seeks from our towns and cities. Second, at a local level, few companies belong to their representative organisations and, indeed, it is difficult to gain access to the lists of companies operating in a local economy.
Other nations join up such activities, with the consequence that there is more integrated activity. There is a wider spread of knowledge, greater shared experience and an understanding of the benefits of community interdependence. It is easier to find out what is going on, and where to turn for help, and to seek advice from someone who has been there. We need a signposted single point of service and advice for companies. The business schools should help to fill the gap.
The Association of Business Schools (ABS) has today (21 May 2013) published the?final report?(PDF, 64 pages)?of the independent Innovation Task Force and the Associations formal response to the recommendations of the report.
The Innovation Task Force was co-chaired by Professor Richard Thorpe, Professor of Management Development and Pro Dean Research at the University of Leeds Business School and Richard Rawlinson, Vice-President, Booz & Company and was made up of representatives of business schools, industry and other interested stakeholder bodies.
The stimulus for the Task Force came from the Minister for Universities and Science, David Willetts.? He raised questions on innovation and engagement in the context of current economic policy imperatives and long-standing concerns about the education of British managers, and effectiveness with which academic and scientific innovation in the UK has translated into practice and commercial success.
Universities and Science Minister David Willetts said:
?Business schools are vital to growth, but all the incentives have been for them to focus on research.
This important report, together with Lord Young's work, offers business schools a key role their local economies.? Sir Andrew Witty is also carrying out an independent review into how universities can work with business and other local interested parties to increase economic growth".
The final report identifies opportunities for practical action to increase the impact of British business schools on innovation and growth in the United Kingdom economy. It provides specific guidance for business schools and universities, for faculty and students, and for the government. Together, the Task Force believes that the actions proposed can make a significant difference to the contribution that British business schools make to the economy in which they operate.
There are six areas where the independent Task Force think change is needed:
1.???????? Design practice into courses.
2.???????? Bring more practitioner experience into the faculty.
3.???????? Develop and manage company relationships institutionally.
4.???????? Improve measurement and assessment of research impact.
5.???????? Promote research in larger teams, and centres with multi-dimensional roles.
6.???????? Move to more distinctly defined roles for different institutions
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