From insulin to the Internet Scientific research has been the basis for many of the most significant technological advances. It is natural that science and business must work together. Since, companies need to come up with new technologies to stay afloat and scientists quantum physics benefit from the commercialization of their discoveries.
However, this is not always the case. Some scientific inventions never get into the market. A large part of this could have to do with the manner in which the credits for innovations are distributed. A scientist may include their technician as a co-inventor, even though this does not reflect the true 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. Businesses talk about sustainable profits, for instance while science focuses on sustainable levels of sustainability that doesn’t lead to the over-exploitation of resources.
The key to the success of business and science is collaboration. Businesspeople and scientists need to learn to understand each other’s language and listen to each other’s issues, and look for innovative ways to connect the two fields.
Fortunately, top universities such as Woxsen provide integrated business and science programs that offer students the best of both worlds. In these programs, students concentrate on a specific area of science and also take classes that are part of the general management curriculum. These programs equip students with the necessary skills to succeed in a range of business fields, including intellectual property mutual funds, technical sales and many more.