ICMLG'15: Day one wrap

The first day of ICMLG2015 has been completed, with a very pleasant dinner cruise on Auckland Harbour. The three-hour cruise gave delegates time to enjoy the view back to the city across one of the world's great harbours; to get to know each other better; and, to reflect on the conference to date. The conversations were upbeat—both for the venue and logistics (thanks AUT and Massey) and the topical nature of the presentations and discussion on Day 1. The following points provide the tiniest of glimpses into some of the conversations and thinking so far:

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• Is 'good enough' actually good enough? Many academic researchers pursue high degrees of precision, whereas most consumers (business leaders and boards in this case) are happy to gain insights and a general sense. Several of the delegates, encouraged by Phil O'Reilly's keynote, have openly questioned whether business schools should come down from their ivory towers. Good stuff!
• Can we go faster? Research needs to change gear, to get ahead of the curve. Instead of reporting what has occurred, researchers need to provide guidance for leaders and for board practice, to explain what can happen to business performance if certain activities or events occur.
• Does the researcher have a role 'within' the research? Much quantitative/positivist research has the researcher as an external bystander, whereas qualitative/interpretivist research approaches often expect the researcher to position themselves 'within the research'. The risks of the latter are many, but the relevance of much of the research produced by the former is questionable. the research agenda needs to move beyond simply counting things or describing things. I think a middle ground exists. However, explanatory research inspired by realism is not well understood in business schools—yet.
• The chasm between business and research simply must be bridged. That many businesses do not think of contacting business schools to commission research is an indictment on business schools, not business. Business researchers need to possess business experience and acumen, so they know what they are looking at when they investigate business phenomena. More work—much more—is needed on this score.
• Are business researchers tantalisingly close to a breakthrough? Thomas Kuhn (The structure of scientific revolutions) spoke about this decades ago. Much research simply builds, incrementally, on what has gone before. Assumptions are reinforced, myths perpetrated and are mistakes legitimised. However, every so often, a step-change occurs. Kuhn called it a paradigm shift. Several of the delegates think that business research—and board and governance research in particular—is on the cusp of such a paradigm shift.

In addition, many new relationships were formed, ideas for collegial working groups were discussed and several invitations were issued for cross-border and multinational cooperation. (Gosh, that sounds like the OECD or the United Nations!) I'm looking forward to seeing and hearing how the discussion builds and develops on Day 2, starting with Andrea Thompson's keynote.