Scientific research has served as the basis for many of our most significant technological breakthroughs, from insulin to the Internet. It is natural that business and science should collaborate. Since businesses must develop new technology to survive and scientists benefit from the commercialization of their discoveries.
However, this isn’t always the situation. Some inventions from science are never commercialized. This may be due to the method by which innovation credit is allocated. Scientists could include their technician as a co-inventor but this doesn’t reveal the real contribution they contributed to the research that led to the discovery. The differing goals and mentalities which hinder free exchange of ideas are more important. Business is concerned with sustainable profits, as an example while science focuses on an amount of sustainability that doesn’t lead to the over-exploitation of resources.
Collaboration is the most important factor in the success of business and science. Scientists and businesspeople must learn to communicate in the same way, listen to each other’s concerns, and seek creative ways to make connections between the two fields.
Top universities such as Woxsen offer integrated business and science courses that allow students to get the best of both worlds. In these programs, students focus on a specific area of science, and learn that are part of the general management curriculum. These programs equip students with the necessary skills to be successful in a variety of business fields, such as intellectual property mutual funds, technical sales, and more.
