NATIONAL INSTITUTIONAL FRAMEWORKS AND THE HYBRIDIZATION OF ENTREPRENEURIAL BUSINESS MODELS: THE GERMAN AND UK BIOTECHNOLOGY SECTORS

Given what institutional scholars have described as an inhospitable institutional climate for entrepreneurial business, why has the German biotechnology industry suddenly taken off, while in the UK, where a ''correct'' institutional architecture exists, has the industry shown sig...

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Bibliographic Details
Published in:Industry and innovation 2001-04, Vol.8 (1), p.5-30
Main Authors: Casper, Steven, Kettler, Hannah
Format: Article
Language:English
Subjects:
Biotechnology
Biotechnology industry
Business conditions
Business models
Business strategies
Capitalism
Comparative analysis
Economic growth
Economic theory
Entrepreneurs
Entrepreneurship
Environmental scanning
Germany
Hybridization
Innovations
Institutionalism
Market economies
Market segments
Pharmaceutical industry
Public policy
Statistical analysis
Studies
United Kingdom
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Summary:Given what institutional scholars have described as an inhospitable institutional climate for entrepreneurial business, why has the German biotechnology industry suddenly taken off, while in the UK, where a ''correct'' institutional architecture exists, has the industry shown signs of stagnation? To explain these trends the article develops a firm-centered approach, recognizing that firms work with institutional frameworks - often with help from public policies - to create new business strategies. The argument is developed that such processes are associated with the ''hybridization'' of business strategies at the micro level, combined with the generation of new constellations of particular institutional frameworks within relatively stable national models.
ISSN:1366-2716
1469-8390
DOI:10.1080/13662710120034383