Research in science has provided the basis for many of our most significant technological breakthroughs from insulin to the Internet. It’s logical, therefore, that science and business should work together because, after all, businesses need new technologies to survive, and scientists profit from the commercialization of their discoveries.
But this isn’t always the case. Certain scientific discoveries aren’t commercialized. It could be due to do with how the credit for inventions is given. Scientists may credit their technician as a co-inventor however this does not reveal the real contribution they made to the research which led to the discovery. More important, however, are differences in mindsets and objectives that hinder the open exchange of ideas. For instance, business speaks of sustainable profits. Science however examines sustainability as an aspect which doesn’t lead to over-exploitation of natural resources.
Collaboration is the crucial factor to success in business and science. Business and scientists need to be able to communicate in each other’s language, listen to each other’s concerns, and come up with innovative ways to bridge the gap.
Fortunately, top universities such as Woxsen offer integrated business and science programs that allow students to have the best of both worlds. Students in these programs focus on a particular area of science while taking classes that are part of the general business curriculum. This helps them acquire the knowledge and skills to succeed in a range of business fields, such as intellectual property, mutual funds, technical sales, and many more.
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