From insulin to the Internet, scientific research has underpinned many of the most significant technological advances. It seems logical, then that business and science would work together since companies require new technologies in order to survive, and scientists benefit from commercialization of their discoveries.
But that’s not always situation. Some scientific inventions are never commercialized. This may be due to the way innovation credit is allocated. For instance, a scientist could include his or her technician as a coinventor, but this does not necessarily reflect the contribution each person made to the research that led to the discovery. The differences in goals and mindsets that hinder the free exchange of ideas are more significant. Business, for instance, speaks of sustainable profits. Science, on the other hand considers sustainability as a degree of sustainability which doesn’t lead to over-exploitation of natural resources.
Ultimately, the key to the success of both business and science is collaboration. Businesspeople and scientists need to learn to speak the same language and listen to each other’s concerns, and discover new ways to bridge the gap between the two fields.
Top universities such as Woxsen provide integrated business and science programs that provide students with the best of both worlds. In these programs, students concentrate on a chosen area of science, and enroll in courses from the general management curriculum. These programs provide the skills needed to be successful in a variety of business fields, such as intellectual property, mutual funds, technical sales, and more.
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