In this sense, universities were a vast, untapped national source of wealth. The isolation of academic research has not posed a problem because American business could afford its own proprietary research and development. This year, the University has worked on several fronts to create bridges between the academic community and private enterprise. It's clean, it will provide good jobs to local people, and it will interact with the physicians and other researchers at our Health Sciences Center. The North Fork Research Park has been designed to provide space for research, business, and light industry in an environmentally safe setting.
University professors help businesses act on the latest management theories.
For instance, James G. Clawson, an associate professor at the Darden School, advises GE Fanuc Automation, one of the country's leaders in industrial automation. Clawson was assigned the daunting task of tearing down organizational barriers within the company's bureaucracy and speeding decision making. Now we're trying to clone Jim Clawsons all through our company. The issues facing local governments are growing in number and complexity. To meet these challenges, local officials need information and exposure to the best practices.