Strategy Characteristics and Biotechnology: Observations from the Scottish Biotechnology Sector

Biotechnology developed in the early 1970s as a consequence of major advances in biochemistry, genetics, cell biology and microbiology. There are now over 600 biotechnological companies in Europe. Scottish research groups have international reputations in some of the key areas of biotechnology. This...

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Bibliographic Details
Published in:International journal of entrepreneurship and innovation 2004-08, Vol.5 (3), p.179-190
Main Authors: Forbes, Tom, Low, Gordon
Format: Article
Language:English
Subjects:
Biotechnology industry
Industry analysis
R&D
Research & development
Strategic management
Studies
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Summary:Biotechnology developed in the early 1970s as a consequence of major advances in biochemistry, genetics, cell biology and microbiology. There are now over 600 biotechnological companies in Europe. Scottish research groups have international reputations in some of the key areas of biotechnology. This paper identifies the main strategic characteristics of the Scottish biotechnology sector using a questionnaire-based approach of 100 Scottish biotechnology firms. Important strategic behaviour included the use of industry analysis to examine threats and generic strategies to locate products in the marketplace. A key finding concerned the use of strategic networks and partnership development in areas such as research and development, product marketing and international developments.
ISSN:1465-7503
2043-6882
DOI:10.5367/0000000041513394