What are the differences and similarities between academic research and industry research?

Based on the articles below, what do you think of the peer-review process in academic research? What are the differences and similarities between academic research and industry research? If you agree/disagree with some arguments discussed in these articles, state it here to have a conversation with your classmates.
Bagchi, R., Block, L., Hamilton, R. W., & Ozanne, J. L. (2017). A field guide for the review process: Writing and responding to peer reviews. Journal of Consumer Research, 43(5), 860-872. doi:10.1093/jcr/ucw066
Zinn, W., & Goldsby, T. J. (2016). The “invisible hands” in research: The critical roles of reviewers and associate editors. Journal of Business Logistics, 37(3), 202-204. doi:10.1111/jbl.12137

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