Distinguishing Science Problems from Engineering Problems

Differentiating between science problems and engineering problems is crucial in technology-driven businesses. Engineering problems tend to have defined paths to solutions, allowing for structured budgeting and scheduling, while science problems can have unpredictably lengthy resolution timelines. For example, a company's misclassification of a science problem as an engineering problem can lead to setbacks, as experienced at Applied Science Fiction. Understanding this distinction enables better project planning and resource allocation in companies, particularly in the context of private equity.