Research in the sciences has been the basis of many of our greatest technological breakthroughs including insulin and the Internet. It’s only natural that business and science should collaborate. After all, businesses need to develop new technology to survive and scientists benefit from the commercialization of their discoveries.
However, this isn’t always the case. Some scientific inventions never make it into the market. One reason could be that it has to do with the manner in which the credits for innovations are distributed. For example, a scientist may include his or her technician as a co-inventor, but this isn’t always a reflection of the true contribution each made to the research that led to the discovery. What’s more important, however, are the different mindsets and goals that limit the free exchange of ideas. For instance, business speaks of sustainable profits. Science on the other hand examines sustainability as a level that doesn’t lead excessive use of natural resources.
Collaboration is the most important factor in the success of science and business. Business and scientists must learn to speak each other’s language, pay attention to their concerns, and come up with innovative ways to bridge the gap.
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 particular area of science, and take classes that are part of the general management curriculum. These programs equip students with the necessary skills to be successful in a variety of business areas, including intellectual property mutual funds, technical sales and many more.
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