For many years, business and science were often viewed as two distinct realms. Scientists have been viewed as individuals solely dedicated to expanding the boundaries of knowledge, while business professionals are accountable for transforming the results of research into new products and services. But more emphasis is now being placed on creating a bridge between these two areas to boost innovation.
This is especially true in scientific fields like medicine, where taking effective decisions under pressure is vital to success. It is also true in areas that are more specialized like agronomy or computer science. In the latter case, the ability to solve problems and think critically about alternative solutions can be the difference between success and failure for the success of a company.
It is also widely believed that the scientific method is the most effective method to follow for businesses. This includes a willingness to experiment and refine in order to achieve the desired results. A clear understanding of risk and uncertainty is essential.
There are some commonalities between business and science but there are also many differences. For instance, whereas business speaks of sustainable profits, science concentrates on sustainability in terms of resource usage. Profit-driven thinking could cause over-exploitation of a resource, eventually leading to its exhaustion.
In the final analysis, whether you decide to pursue an academic career or business both require dedication and perseverance. If you’ve got the right character the rewards could be awe-inspiring.