The Interdependence of Science and Business

Science has been the foundation of a lot of the significant technological advancements around the globe. From new drug treatments and energy production to computer chip technology. While innovation is the primary of science however, business is all about making money and keeping shareholders happy. Traditionally the business and science worlds were seen as distinct entities. But, they are inextricably linked, and it is impossible to disentangle the impact of scientific research from its business implications.

While business is focused on profit, the long-term ramifications of their decisions could have major environmental, social and economic effects. Science is also concerned about the consequences of its actions, specifically its decisions on resource exploitation and sustainable development. A smart business, for instance, will exploit the natural resources at a level that science determines as sustainable. However, the greed of a few businesses has resulted in over-exploitation and ecological catastrophe.

We have classified the various ways that corporations try to http://scorbe.de/how-to-become-a-physics-major/ influence science at the macro and meso levels, and then coded the intended outcomes and effects of these strategies (TL did the initial analysis, AG second-coded 20 per cent of papers). We discovered that corporations employ five macro-level strategies that work collectively to minimize the perceived credibility of unfavourable research and increase the credibility of positive science. These strategies are implemented through meso-strategies which, over time, skew evidence in favour of the industry. This has three effects to discredit the potential harms caused by products and practices; to push policy solutions that are in favour of industry; and to increase sales, consumption and use of products from industry.