The Interdependence of Science and Business
August 8, 2024 by Karen
From new drug therapies and energy production to computer chip technology Science has provided the basis for many of the world’s biggest technological innovations. While innovation is what http://scorbe.de/generated-post-2 drives science, business is about making profit and making shareholders happy. Science and business were traditionally thought of as two distinct realms. The two are interconnected and it is impossible to separate their impact on business from that of research.
While businesses are focused on profit, the long-term consequences of its decisions can have major environmental, social, and economic impacts. Science is also concerned about the impact of its decisions, especially its decisions regarding the exploitation of resources and sustainable development. A wise business, for instance will use natural resources at the level that scientists consider as sustainable. However, the greed of some companies has resulted in over-exploitation and ecological disaster.
We have codified the expected results and the results of these strategies. (TL did the initial coding, and AG coded 20% of the papers). We discovered that corporations employ five macro-level strategies to decrease the credibility of negative research findings and increase the credibility of favorable scientific findings. These strategies are implemented by meso strategies that can, over time, alter the evidence base to the favor of industry. This eventually leads to three distal outcomes-to cast doubt on the potential harms posed by industry-related products and practices, to encourage industry-friendly policy responses and to maximize the use, consumption and sales of industry products and services, thus maximising corporate profits.
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