The Interdependence of Science and Business

From new therapies for drugs and energy production to computer chip technology, science has provided the foundation for many of the world’s most significant technological advances. While innovation is the primary power behind science business, it’s all about making money and keeping shareholders happy. Traditionally, the two fields of business and science have been viewed as separate entities. However, they are interconnected, and it is impossible to separate the impact of research in science and its business impact.

While business is concerned with profits, the long-term implications of their decisions could have significant environmental, social, and economic impacts. Science is equally concerned about the effects of its decisions, especially its decisions on resource exploitation http://scorbe.de/performance-theory-in-modern-physics/ and sustainable development. A smart business, for example will exploit the natural resources at an amount that is scientifically deemed as sustainable. However, the greed of certain businesses has resulted in over-exploitation and environmental catastrophe.

We have coded the intended outcomes and effects of these strategies. (TL did the initial programming and AG coded 20% of papers). We found that corporations employ five macro-level strategies in order to lower the perceived credibility of unfavourable scientific findings and to increase the credibility of positive research findings. These strategies are enacted by meso strategies that can, over time, alter the evidence base in favor of industry. This has three distal effects: to cast doubt on the potential harms that are caused by the use of industry products and practices; to promote policies that are in favour of industry; and to boost sales, consumption, and use of industrial products.