The Interdependence of Science and Business

From new drug therapies and energy production to the development of computer chips science has laid the basis for many of the world’s greatest technological advancements. But while innovation is what drives science, business is about profit and ensuring shareholders are satisfied. Science and business were traditionally thought of as two distinct worlds. They are both interconnected and it is impossible to separate their impact on business from the effect of research.

While business is focused on profits, the long-term implications of its decisions can have significant social, environmental and economic consequences. Science is also concerned with the consequences of its actions in particular its decisions about resource exploitation and sustainability. A wise company will, for instance exploit a resource http://scorbe.de/generated-post/ at the level which is sustainable. However, greedy business have led to over-exploitation natural resources and ecological catastrophe.

We have categorized the different methods corporations employ to influence science at the macro as well as meso-levels, and mapped the intended outcomes and effects of these strategies (TL did the initial analysis, AG second-coded 20 per percent of the papers). We discovered that corporations employ five macro-level strategies to decrease the credibility of negative scientific findings and boost the credibility of favorable research findings. These strategies are implemented through meso strategies that can, over time, alter the evidence base to the favor of industry. It has three distal consequences: to cast doubt on the harms that could be caused by industry products and practices; to promote policies that favor industry; and to maximise sales, consumption, and use of industry-related products.

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