The Interdependence of Science and Business

From new drugs and energy production to computer chip technology Science has provided the basis for many of the world’s most important technological breakthroughs. However, while innovation drives scientific research, business is primarily about making profit and ensuring shareholders are satisfied. Traditionally, the worlds of science and business were seen as distinct entities. However, they are inextricably linked, and it is impossible to disentangle the impact of scientific research and its business impact.

While businesses are focused on profit, the long-term ramifications of its decisions can have significant environmental, social economic, and environmental impacts. Science is also concerned about the impact of its decisions, especially its decisions regarding http://scorbe.de/ resource exploitation and sustainable development. A wise business, for instance, will exploit a resource to the level that scientists consider sustainable. However, greedy companies have led to over-exploitation natural resources and ecological catastrophe.

We have coded the desired outcomes and outcomes of these strategies. (TL was the first to do the coding and AG coded 20% of papers). We discovered that companies employ five macro-level strategies that work collectively to minimize the perceived credibility of unfavourable research and increase the credibility of favorable science. These strategies are operationalised by meso strategies that, over time, skew the evidence base in favour of industry. It has three distal consequences to discredit the harms that could be caused by products and practices; to push policies that favor industry; and also to increase sales, consumption, and use of products from industry.