From insulin to the Internet Research in science has been the foundation of many of our most significant technological advancements. It seems logical, then, that science and business could work in tandem since companies require new technologies in order to survive, and scientists profit from the commercialization of their discoveries.
But that’s not always case. Certain inventions in science are not commercialized. Part of this may have to do with how the credit for inventions is distributed. A scientist may include their technician as a co-inventor, even though this does not reveal the real contribution they contributed to the research that led to the discovery. The most important thing, however, are differences in mindsets and goals that limit the free exchange of ideas. Business speaks of sustainable profits, for example but science is focused on an amount of sustainability that doesn’t cause over-exploitation of resources.
Collaboration is the most important factor in the success of science and business. Business and scientists must learn to communicate in a common language, listen to their concerns, and discover innovative ways to bridge the gap.
Fortunately, top universities such as Woxsen provide integrated science and business programs that give students the best of both worlds. Students in these programs concentrate on a specific area of science while also taking classes from the general business curriculum. These programs equip students with the necessary skills to be successful in a variety of business fields, like intellectual property mutual funds, technical sales, and many more.
