From insulin to the Internet, scientific research has been the foundation of many of the most significant technological advances. It’s only natural that science and business must collaborate. Since businesses must develop new technologies to stay relevant and scientists benefit from the commercialization of their discoveries.
However, this isn’t always the situation. Some inventions from science are never commercialized. Part of this may have to do with the way the credits for innovations are given to the inventors. Scientists may credit their technician as a co-inventor, but this doesn’t reflect the actual contribution they contributed to the research that led to the discovery. The most important thing, however, are the differences in attitudes and objectives that hinder the free exchange of ideas. For instance, business is a proponent of sustainable profits. Science on the other hand considers sustainability as a degree of sustainability that doesn’t cause over-exploitation of natural resources.
Collaboration is the crucial factor to success in business and science. Business and scientists must learn to speak the same language and listen to each other’s concerns, and discover new ways to make connections between the two fields.
The top universities like Woxsen provide integrated business and science programs that provide students with the best of both worlds. In these programs, students focus on a particular area of science, and learn from the general management curriculum. This provides the skills necessary to be successful in a variety of business fields, like intellectual property, mutual funds, technical sales, and more.