The academic‐professional divide: generating useful research and moving it to practice

Abstract

Purpose

The aim of this study is to examine the divide between academicians and professionals in the applied field of real estate in the USA and the impact of this divide on the use of best evidence by professionals. Its purpose is to introduce the concept of evidence‐based management to the discipline of real estate, to propose a framework for gathering best evidence, and to develop a stream of translational research to bridge the academic‐professional divide.

Design/methodology/approach

The paper takes an interdisciplinary conceptual approach regarding the gap between academic theory and practice, and its resolution. The authors apply the idea of best evidence and its management from the field of medicine to construct guidelines appropriate for real estate scholars and practitioners.

Findings

The paper offers a framework as a starting point for handling the academic‐professional divide. The paper borrows the concept of translational research from medicine to discuss how basic theoretical knowledge may be communicated to real estate professionals to improve performance.

Originality/value

The main contribution is to suggest means for building relevant, practical knowledge in real estate. Application of the evidence‐based method can make the work of researchers more rewarding by solving pragmatic, real‐world concerns. Real estate professionals can allocate scarce resources more effectively by following the evidence‐based approach. The use of evidence separates fact from fiction and enables prioritization of concerns.

Citation

Wofford, L. and Troilo, M. (2013), "The academic‐professional divide: generating useful research and moving it to practice", Journal of Property Investment & Finance, Vol. 31 No. 1, pp. 41-52. https://doi.org/10.1108/14635781311292962