From insulin to the Internet The scientific research of the past has been the basis for many of our most significant technological breakthroughs. It is only natural, then, that science and business should collaborate because businesses require new technologies to survive, and scientists profit from the commercialization of their discoveries.
But this isn't always the case. Certain scientific inventions don't reach the market. One reason could be that it has to do with how the credit for inventions is given to the inventors. For example, a scientist may include their technician as a co-inventor, but this isn't always a reflection of the real contribution each one made to the research that led to the discovery. The most important thing, however, are the differences in attitudes and objectives that hinder the open exchange of ideas. Businesses talk about sustainable profits, as an example however, science focuses on a level of sustainability which doesn't lead to over-exploitation of resources.
In the end, the most important factor to the success of both business and science is collaboration. Businesspeople and scientists need to learn to communicate with each other in a language, pay attention to their issues, and find innovative ways to bridge the gap.
Fortunately, top universities like Woxsen provide integrated business and science programs that offer students the best of both worlds. In these programs, students concentrate on a particular subject area and take classes from the general management curriculum. This program will equip them with the knowledge required to be successful in a variety of business areas, including intellectual property management and mutual funds, sales of technical products, and more.