For a long time business and science were often viewed as two separate entities. Scientists have been thought of as being primarily focused on expanding the boundaries of knowledge, while business professionals are responsible for turning the results of research into new products and services. In order to boost the pace of innovation, more emphasis is being put on bridging the gap between the two domains.
This is particularly relevant in fields of science such as medicine, where the ability to make informed decisions under pressure is essential to be successful. However, it is also true in more applied fields such as engineering, agronomy and computer science. In the latter case, a strong grasp of problem-solving and the ability to think through alternative solutions could make or break an organization.
It is also widely acknowledged that the scientific method is the best strategy for businesses to adopt. This includes a willingness to experiment and refine in order to attain the desired results. In addition having a clear understanding of risk and uncertainty are essential.
While there is some overlap between science and business, there are also significant differences. For example, while business is focused on sustainable profits, science focuses on sustainability in the context of resource use. Profit-driven pursuits can result in the over-exploitation of resources, which can lead to its eventual depletion.
Both careers require hard work and dedication. But if you have the right character, the rewards can be awe-inspiring.