The Interdependence of Science and Business

Science has been at the heart for many of the most significant technological advancements around the globe. From new drug treatments and energy production, to computer chip technology. While innovation is the driving power behind science however, business is all about profit and keeping shareholders satisfied. Science and business were typically considered to be two separate realms. However, the two are interconnected, and it is impossible to separate the impact of scientific research from its business implications.

While http://scorbe.de/preserve-confidentiality-the-data-room-info-for-selling-companies business is focused on profits, the long-term effects of its decisions can be significant for the environment, social and economic consequences. Science is likewise concerned with the impact of its decisions, especially its decisions regarding the exploitation of resources and sustainability. A wise business, for example, will exploit the natural resources at a level that science determines as sustainable. However, the greed of some companies has led to over-exploitation and ecological disaster.

We have categorised the various ways that corporations try to influence science at the macro as well as meso-levels, and mapped the intended outcomes and consequences of these strategies (TL did the initial code-coding, AG second-coded 20 per percent of the papers). We found that corporations employ five macro-level strategies, which work together to reduce the perceived credibility of unfavourable science and maximise positive science. These strategies are operationalised through meso-strategies that, over time influence evidence in favor of the industry. This has three indirect effects to discredit the potential harms caused by industrial products and practices; to push policy responses that are in favour of industry; and also to increase the consumption, sales, and use of industrial products.