Wednesday, June 10, 2015

The Benefits of Hiring Practitioner Scholars in Business Colleges

Academic life is something inquisitive people hope to someday achieve in their efforts to grow and develop as a person. Eventually they make their way through college to obtain a terminal degree, and with some experience, they apply to universities in anticipation of achieving their dreams. With a tough market for professors, not everyone will find their way into a college position. Despite the competitive market, ensuring that universities hire more practitioner-scholars with "real life" experience is important for university development.

In business programs this is even more important than other fields. The difference between a person with only academic experience and one with both academic and professional experience is profound. One understands focuses on theory while the other may also have experience with using theories in practice. Their industry experience helps them understand how theories operate in real life scenarios outside the higher education vacuum. Having a representation of both ensures higher value for students.

Industry knowledge filters throughout everything the professor does. Consider the following benefits of a practitioner-scholars (pracidemics):

1.) Theoretical Explanations: A greater ability to explain theories and business principles in real life form and example.

2.) Research Development: All research must eventually be applied to be of any benefit. Practioners are able to use their understandings of industry problems and find new solutions that have market value.

3.) Administration: Professors who come from a business background also have knowledge of administration and processes. They are not as concerned about titles as they are about skill and performance.

4.) Credibility: Faculty with practical experience have credibility because they know what the student will be getting into after graduation. Students view them as both professors and mentors.

5.) Course Development: Because practitioners have practical and theoretical knowledge they are able to develop content that is relevant to modern industry.

6.) Cultural Awareness: Faculty are pragmatic and bring with them a focus on "what works" and encourage universities that are cost effective.

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