Entrepreneurship in Biotechnology

Different Strategies on Biotechnology Entrepreneurship

Biotechnology entrepreneurship is a grid of correlated firms, making upon knowledge base scientific research which is why it is continuously growing or increasing due to its marvelous core play of ancient disciplines and novel emerging generations whereas luck and proximity have been important factors in the biotechnology and pharmaceutical sectors and equivalently to the sources of sustainable competitive advantages.

Three main strategies:

1. What kind of strategy or protocol provides the respect market and commercially approved?
2. Are they really biotechnological based or depends protocols?
3. Define sustainable competitive benefit for a biotechnology industry?

Strategic Orientation of Biotechnology industries

For overall strategic modulation of biotechnology industries that explore the antagonistic effects of novel technological pertinence, enrolled alliances and appropriate research and development. One example for biotechnology industry or organization that how biotech firms could move away from traditions and become a non-biotechnology firm via unrelated diversification. Various research revealed that the effective technology appreciations and development is the success key for biotechnology ventures or networks.

In perspective of Business models for biotechnological research and development, the firms or organization interacts and operates within the firms itself. Some researchers also exposed that the exciting business models make more value or goods in young ventures than the talent of entrepreneurship themselves (Hamel, 1999). According to Biotechnology point of view, the business models appear to be in that way where industrial differences between firms than ancient categorization of strategies.