From insulin to the Internet Scientific research has shaped many of our most significant technological advancements. It is only natural, then, that science and business would work together since businesses require new technologies to survive, while scientists profit from the commercialization of their discoveries.

But this is not always the situation. Certain inventions in science are not commercialized. This could be due the way in which innovation credit is divided. Scientists could include their technician as a co-inventor, but this doesn’t reveal the real contribution they made to the research which led to the discovery. But more important are differences in mindsets and objectives that hinder the open exchange of ideas. Business is concerned with sustainable profits, for instance, whereas science looks at sustainable levels of sustainability that doesn’t lead to the over-exploitation of resources.

Collaboration is the most important factor in the success of science and business. Scientists and businesspeople need to learn to communicate in the same way and listen to each others concerns, and seek creative ways to make connections between the two fields.

Fortunately, top universities such as Woxsen offer integrated science and business programs that allow students to have the best of both worlds. In these programs, students focus on a specific field of science, but also take courses that are part of the general management curriculum. This program will equip them with the knowledge needed to succeed in many business fields including intellectual property management as well as mutual funds, sales of technical products and more.

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