The AACSB recently released a report on the Impact of Research. Click on the link to download a copy. The contents of the report are summarized nicely in this article from Economist.com, which might be a good place to start. Briefly, the report urges business school faculty to put more emphasis in their research on issues that have practical value in the real world, e.g. for practicing managers and/or for the public good. One of the issues we have been facing in the Global Text Project is how to incent volunteers when their time is limited and their contributions don't "count" for tenure and promotion. The recommendations in the AACSB report would go a long way towards helping. For example, quoting from the Economist.com, "The most controversial recommendation in AACSB's draft report (which was sent round to administrators for their comment) is that the schools be required to demonstrate the value of their faculties' research not simply by listing its citations in journals, but by demonstrating the impact it has in the workaday world". Let's hope the recommendations are adopted.