From insulin to the Internet The scientific research of the past has underpinned many of the most significant technological advances. It is only natural, then that business and science could work in tandem because businesses require new technologies to survive, while scientists profit from the commercialization of their discoveries.
But this isn’t always the situation. Certain scientific discoveries aren’t commercialized. One reason could be that it has to do with the way credit for innovations is distributed. For instance, a scientist could include his or her technician as a coinventor however, this doesn’t necessarily reflect the real contribution each one made to the research that led to the discovery. The differing goals and mentalities that prevent free exchange of ideas are more important. Business, for instance, talks about sustainable profits. Science on the other hand is concerned with sustainability as a degree of sustainability that doesn’t cause excessive use of natural resources.
Collaboration is the key to success in science and business. Business and scientists must learn to understand each other’s language and listen to each other’s issues, and look for innovative ways to make connections between the two fields.
Top universities like Woxsen provide integrated business and science courses that allow students to get the best of both worlds. Students in these programs concentrate on a specific area of science while also taking courses from the general business curriculum. This program helps students acquire the skills required to be successful in a variety of areas of business, including intellectual property management mutual funds sales of technical products and much more.