Knowledge that Transforms

The problem of research in collegiate schools of business may be approached from two points of view. Broadly, they may be put thus: first, what are the standards to which research in business must conform; and second, why, if at all, and under what circumstances and conditions should collegiate schools of business undertake research in an organized manner through a separately established department or bureau? There is little occasion before this Association to enumerate the different steps in research, or to discuss at length the standards to which research in business must conform. In view of the so-called research activities of private establishments and commercial agencies, however, and the contentions of the second part of this paper, that collegiate schools of business should organize separate research departments, it will, I hope, not be considered as an act of supererogation to review briefly the minimum requirements which must govern in business research. The majority of teachers of economics and business, perhaps, have come to their positions after having themselves undertaken