From insulin to the Internet Research in science has underpinned many of our most significant technological advancements. It is only natural, then that business and science could work in tandem because businesses need new technologies to survive, while scientists profit from the commercialization of their discoveries.

But this isn’t always the case. Some scientific inventions fail to get into the commercial arena. This could be due the way innovation credit is given out. A scientist may include their technician as a co-inventor, however, this doesn’t accurately reflect the contribution they contributed to the research that led to the discovery. The differences in goals and mindsets that hinder the free exchange of ideas are more important. Business, for instance, talks about sustainable profits. Science, on the other hand examines sustainability as a level that doesn’t result in over-exploitation of natural resources.

In the end, the most important factor to the achievement of business and science is collaboration. Business and scientists need to be able to communicate in each other’s language, listen to each other’s concerns, and discover innovative ways to bridge this gap.

Top universities such as Woxsen provide integrated business and science courses that give students the best of both worlds. In these programs, students concentrate on a chosen subject area and take courses that are part of the general management curriculum. This program will equip them with the knowledge needed to succeed in many areas of business, including intellectual property management mutual funds sales of technical products and much more.

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