The determinants of biotechnology innovative capability: the dynamics of knowledge and marketplace

摘要

Developing the biotechnology industry relies on advances in scientific knowledge and its commercial exploitation. Recent efforts to develop biotechnology businesses yielded mixed results, due to the gull between science and business sensibilities. Turning good science into commercially valuable biotechnology products requires specialized skills, knowledge, effective communication, and imagination. Scientific motives and convictions clash with less precise and risky research commercialisation imperatives. Marketplace realities are driven by a number of human, cultural, and polirical factors that fall within the domain of business of biotechnology. This paper explores the organisational dynamics of developing medical biotechnology businesses and argues that the successful development of biotechnology industry requires effective organisational structures and the co-evolution of two types of knowledge systems - scientific and innovative- for continuous growth of biotechnology firms.