All 2 entries tagged Mark
May 21, 2013
Writing about web page http://www2.warwick.ac.uk/knowledge/business/gus
A Q and A with Professor Mark Taylor, Dean of Warwick Business School (WBS).
What do you think is currently the most under-hyped, yet significant, change universities in the UK will undergo within the next decade?
I think one aspect is the impact of the e-learning agenda and how that will change the way we think about universities. Already with the advent of MOOCs we are seeing an ‘unbundling’ of what universities offer. Universities offer knowledge production, knowledge dissemination, and a qualification and student experience; singularly if you like. Top universities offer all four of those. A MOOC offers you what? It doesn’t offer you knowledge production, doesn’t really offer you a qualification after completion; it doesn’t offer you a student experience. So it is just taking out all of those aspects. Its main purpose is knowledge dissemination. We may see the development of universities, over the next twenty-five years, that offer one or more but not all of those aspects of university life. So that may lead to a richness in university education. It may even lead to the development of different areas and niches within the higher education sector. People often like to refer to the ‘Napster moment’ in music, where people thought it would be the end of the universe. What the impact led to was an enrichment of the music industry because it forced the music industry to orientate itself more towards live performances for example, so it actually increased the quality of the provision of the music industry. In the same way I’d have thought e-learning, distance learning and the MOOC agenda will influence universities in a positive way over the next twenty-five years.
Another aspect that is interesting is so called ‘big data’; huge and complex data sets where, for years now, people have been bombarded with huge amounts of information and we are only just getting to grips with how we can actually analyse these data sets in meaningful ways. I think analysing those within institutions seeing how we can improve how we provide some of those elements universities provide like knowledge production, knowledge dissemination and student experience will be very important.
How can university business schools ‘bridge the valley of death’ between academia and industry?
A business school that doesn’t reach out and interact with business is just a school. So it is central to what a business school does and we have a central mission in the Business School. Our mission is to produce world class research, which is capable of influencing the way organisations operate and the way business is conducted. We are here to produce world class business leaders and managers; we are here to provide a return in investment for our students for our alumni during their entire careers as they go out into industry. So we are thinking of ourselves as always trying to integrate within the business industry. Already in the way the government assesses research, in the forthcoming Research Excellence Framework in 2014, is an important impact element which will measure the significance of research done in business schools and in universities in general, on society and the environment, as well as in business schools and business industry.
I think that will be an increasingly important element of the metrics of higher education going forward; it’s not good enough just to publish a paper in a top rate academic journal, there has to be the impact that flows from that. I for one welcome the metrics. The use of metrics in the past twenty or thirty years often had a distorting effect. I think that in this case, it will have a positive impact. At Warwick Business School, there are a number of initiatives we have undertaken in order to interface with business; we are, for example, appointing Professors of Practice. So we now have several professors within the school of the rank of professor who are not academics, who have spent their career within industry and business and achieved a very high level of distinction and been very successful. We have hired them and given them the rank of professor to teach on our MBA programme. They want to impart some of that knowledge, some of that experience to our MBA students and to our researchers as well.
If you could get one commitment from the G8 summit of world leaders, related to higher education, that would benefit the global sector, what would that be?
Quite simply it would be a commitment from world leaders to utilise the knowledge and skills within universities. Universities will generally provide a politically independent source of advice from a range of ideas. Going back to a previous question on how we bridge the gap between academia and industry, I think it’s also important how we bridge the gaps between academia and governments and policy. So really just utilising the skills, and experience and knowledge that exist within universities will go a long way towards benefiting the global economy and global society.
This blog is part of a regular series on the Knowledge Centre looking at issues in higher education ahead of the Global University Summit (May 28-30 2013), hosted by the University of Warwick in Whitehall, London. As part of the Summit, a declaration of commitment and policy recommendations will be drawn up for the G8 summit of world leaders, taking place in Northern Ireland in June.
Image: Model Delorean. Source: Flickr.
Professor Mark P Taylor is Dean of Warwick Business School (WBS). Professor Taylor has outstanding credentials both in academia and in the business and policy worlds. He has held a professorship in international finance at Warwick since 1999. From 2006, on partial leave, he worked as a managing director at BlackRock, the world's largest asset manager, where he led the European arm of the Global Market Strategies Group, a large global macro investment fund.
Professor Taylor's research on exchange rates and international financial markets has been published extensively in many of the leading academic and practitioner journals and he is one of the most highly cited researchers in finance and economics in the world.
April 15, 2013
Writing about web page http://www2.warwick.ac.uk/knowledge
The First Lady: Lady Thatcher with Professor Lord Kumar Bhattacharyya at WMG in 1990
As the nation debates the legacy of Baroness Margaret Thatcher, several academics from the University of Warwick have offered their perspectives based on their research and expertise.
Baroness Thatcher was no stranger to the University; she visited Warwick on several occasions. In 1988 she looked in on what is now the Warwick Crop Centre and in 1990, the Baroness opened the Advanced Technology Centre. During the latter visit she was given a tour of WMG by Professor Lord Kumar Bhattacharyya, WMG’s chairman and founder (see photo above). Lord Bhattacharyya paid tribute to Lady Thatcher in the House of Lords on 10 April 2013.
This Wednesday (17 April 2013), to mark Lady Thatcher’s funeral, Dr Martin Priceand Dr Anton Popovwill have a Knowledge Centre feature looking at the responses of the under 25s to Lady Thatcher’s death.
Price and Popov are not alone in offering a reflective analysis on the Iron Lady’s political career, with several academics writing blogs about Margaret Thatcher.
In ‘Margaret Thatcher and me’, Professor Mark Harrison addresses the personal passion she roused in others (on both sides of the debate) and, in a less personal analysis, looks at her economic legacy.
“In my heart, at the time, I was enraged by what Margaret Thatcher did. But now she belongs to history. In my head, looking back as an economic historian, I have to acknowledge the necessity of it.”
Good night's sleep
With Margaret Thatcher’s night time habits being a famous part of her routine, Dr Michelle Miller, from the Division of Mental Health and Wellbeing at the Warwick Medical School, has been discussing this and the importance of a good night’s sleep.
“Margaret Thatcher reportedly only slept for four hours per night. Our studies indicate that short duration of sleep is associated with a variety of chronic conditions and poor health outcomes, detectable across the entire lifespan. Sufficient sleep is necessary for optimal daytime performance and well-being.
“Accumulating evidence suggests that a good night’s sleep equates to at least six hours of continuous sleep per night but, within a population, there is a large difference in how much sleep people report, ranging from less than six to greater than nine hours per night.
“Long-term sustained sleep deprivation also exerts sustained and long-term effects on performance and cognitive functions beyond those of acute deprivation and poor sleep is a feature of dementia. However, although dementia is thought to affect around 800,000 people in the UK, prospectively, very few studies have addressed the question of whether disturbances of quality and quantity of sleep precede and can be predictors of subsequent cognitive impairment. We are hoping to explore these and similar questions in our recently funded ESRC study.”
Solution to the problems
Writing on the economics blog Vox, Professor Nicholas Crafts puts Margaret Thatcher’s political career into some perspective; explaining the economy she inherited through to the one that she left John Major and Tony Blair.
“Thatcherism was a partial solution to the problems which had led to earlier underperformance, in particular, those that had arisen from weak competition.”
And finally, discussing her political legacy, Professor Wyn Grant, Politics and International Studies, said:
“Of the 20th century peacetime prime ministers, I would rank Thatcher alongside Attlee in terms of making a difference.”
- Ahead of Wednesday’s feature by Drs Price and Popov, check out Professor Jean Hartley’s piece, inspired by the film The Iron Lady (2011), discussing the leadership and governance challenges politicians face.