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Well, I think the number one thing that would correct the balance between academia and industry is if people could freely go from one to the other. Someone could take insights from one arena to the other, enriching both.

There are many reasons why this is difficult, but the primary obstacle is the tenure system.

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In the UK it is possible to switch between academia and industry, so long as you are satisfied with fixed term contracts in academia.

Recruiters tend to get confused when someone turns at their doorstep with a PhD ("which marks did you get?"), and academics tend to not have a clue of what's the benefit of industrial experience (in spite of being effectively "agile" product managers themselves when participating in, say, a European Framework project).

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