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BAM and Chartered ABS 'Balance and Effectiveness of Research and Innovation Spending’ Inquiry Response

12th October 2018

 

The British Academy of Management (BAM) and the Chartered Association of Business Schools (Chartered ABS) welcome the House of Commons Science & Technology Committee’s inquiry into the balance and effectiveness of research and innovation spending.

BAM is the leading authority on the academic field of business and management (B&M) in the UK, supporting the community of scholars in this inter-disciplinary field and engaging our international peers. We have over 2000 members, almost a quarter of whom are based outside of Britain. The Chartered ABS represents business schools across the UK.

The Government’s commitment to raise its investment in research and development (R&D) is crucial to the future health of the UK’s science and research base, and to our economy as a whole. Yet, the current balance of research funding has led to significant underinvestment in some disciplines, such as business and management, that will be vital to the efficient and successful delivery of the Industrial Strategy.

In particular, we note that:

  1. 1. Business & Management research is critical for addressing the Grand Challenges – and has a powerful research base with proven impact, despite considerable underinvestment in recent years.
  2. 2. Our community can play a significantly larger role – enabling better solutions to societal challenges and better delivery of the Industrial Strategy – with both increased investment and early inclusion into conversations about how to tackle big issues (like productivity, work quality, economic growth, and better aging).

To read the full response, please download here 

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