I agree with the relationship that you present about the approaches given to industrial and academic research. As you put it, the purposes of the study conducted in the two areas are different. However, I have a feeling that the research in the industrial sector can also be conducted to solve a problem as it is in academic study. A good example is a case of declining employee performance; the researcher may dig into the cause of the problem and solve them. None of the two areas is more important than the other.