Devalued management theories Poor quality research at business schools Overemphasis on management practice
Nature:
Management research has a dual nature, drawing on and contributing to the experience and knowledge of managers and organizations. The problem is that management research is often regarded as irrelevant in the business world, where "experience" and trial and error practices are more commonly employed.
Incidence:
In 1992, just 12 of the 104 business schools in the UK were rated centres of national or international excellence in research and, in 1994, only 2% of all research council grants were in business. Often managers either do not regard research topics as key issues or cannot understand the results. There is no research agenda for important unresolved macroeconomic issues (in the case of the UK, for example, into the underpowering of small and medium companies or the ability of inward investors to gain world-class performance from UK plants where indigenous owners have been unable).