Uncategorized

The Interdependence of Science and Business

By August 10, 2024 August 20th, 2024 No Comments

From new drug therapies and energy production to computer chip technology science has been the basis for many of the world’s biggest technological breakthroughs. While innovation is the primary of science business, it’s all about making money and keeping shareholders satisfied. Traditionally, the worlds of science and business were thought of as distinct entities. Both are interconnected, and it is impossible to separate their impact on business from the effect of research.

While the business world is mostly focused on making money, its effects over the long term can have significant environmental, social and economic impacts. Science is also concerned about the impact of its actions, specifically its decisions on the exploitation of resources http://scorbe.de/preserve-confidentiality-the-data-room-info-for-selling-companies/ and sustainable development. A well-run business, for example will use natural resources at an amount that is scientifically deemed as sustainable, but the greed of certain businesses has resulted in over-exploitation and ecological catastrophe.

We have coded the intended results and the consequences of these strategies. (TL was the first to do the coding, and AG coded 20% of the papers). We discovered that corporations employ five macro-level strategies to reduce the credibility of negative scientific findings and to increase the credibility of positive research findings. These strategies are operationalised by meso strategies that in time, can skew the evidence base to the favor of industry. This has three distal effects: to cast doubt on the harms that could be caused by industrial products and practices; to encourage policy solutions that favor industry; and to maximise consumption, sales, and use of industrial products.