Adding value to companies' value chain: Role of business schools scholars

This article uses data from 807 scholars from 35 Canadian business schools to look into the extent to which faculty members in business schools create value for companies. An overwhelming 74% of business scholars provide value-adding services and expert advice to companies. However, they do so with companies within a 100 km radius and whose activities closely mirror their field of expertise. Only a minority of academics offer customized solutions to companies and develop explicit strategies to compete with consulting firms and other scholars. Furthermore, a sizeable 40% frequently forge close and long lasting ties with companies.