Research in science has provided the foundation for many of our performance theory in modern physics greatest technological breakthroughs, from insulin to the Internet. It is natural that business and science must collaborate. Since, businesses need to develop new technologies to stay afloat and scientists profit from the commercialization of their discoveries.
But this isn’t always the situation. Some scientific inventions are never commercialized. This may be due to how innovation credit is distributed. For instance, a scientist could include their technician as a co-inventor, but this doesn’t necessarily reflect the true contribution each made to the research that led to the discovery. More important, however, are differences in mindsets and objectives that hinder the free exchange of ideas. For instance, business is a proponent of sustainable profits. Science however, looks at sustainability as a level which doesn’t lead to over-exploitation of natural resources.
Collaboration is the crucial factor to success in business and science. Scientists and businesspeople need to learn to understand each other’s language and listen to each others concerns, and seek creative ways to connect the two fields.
Top universities such as 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 taking courses from the general business curriculum. This program will equip them with the knowledge needed to excel in many areas of business, including intellectual property management mutual funds and sales of technical goods, and more.