For many years the realms of science and business have been seen as distinct entities. Scientists were viewed as people who were devoted to advancing knowledge, whereas business professionals were responsible for transforming research into new services and products. However, more emphasis is being put on bridging the gap between these two domains to spur innovation.
This is especially relevant in fields of science, such as medicine, where making effective decisions under pressure is essential to success. It is also the case in more applied fields like engineering, 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 best method to follow for businesses. This includes a commitment to testing and reiterating to achieve the desired results. Additionally an understanding of uncertainty and risk is essential.
While there is some similarities between business and science however, there are many differences. While business is focused on sustainable profits while science is more concerned with sustainability in terms of the use of resources. Profit-driven thinking could cause over-exploitation of a resource resulting in its eventual exhaustion.
In the end, whether you choose to pursue the field of science or business, both require dedication and hard work. If you have the right personality then the rewards can be huge.
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