What Is Traditional Entrepreneurship

The word 'entrepreneur' is derived from the French word 'entreprendre' meaning 'to undertake' (Ronstadt 1985, p. 28). The traditional entrepreneur is one who undertakes to control, coordinate and assume the risk of a business in a competitive marketplace. Today's entrepreneurs possess those same features and have to be versatile in facing the challenges of a dynamic environment. Today's entrepreneur is an innovator and developer of ideas he or she seizes opportunities and converts them into...

The Global Biotechnology Industry

Biotechnology is an enabling technology and therefore has been embraced by governments to drive economic growth and improve quality of human life. The global biotechnology sector is currently undergoing change. The recent market downturn in the global economy is impacting on the current biotechnology landscape. The biotechnology sector is moving towards an alliance network of specialty companies (Ernst & Young 2003a). A company's activities do not have to span the full breadth of the...

Change As A Constant

High technology industries face extraordinary rates of change in terms of technical change, as well as changing business conditions. The external environmental influences, which create change in the biotechnology industry, are more complex than in most industries given that much of the biotechnology industry is about human intervention. The social, ethical and religious consideration of biotechnologies including stem cell research, genetic engineering such as cloning, genetically modified...

What Is Bioentrepreneurship

Bioentrepreneurship is a relatively recent term outside the USA. The USA is often considered to be the motherland of biotechnology, though many believe that given Watson and Crick's contribution to the science underpinning biotechnology, the UK deserves that status. Nevertheless what is less disputed is the birthplace of bioentrepreneurship. The USA is certainly the place where the bioentrepreneur has operated for over three decades. Before the IT giants of Microsoft, Sun, and Cisco were a...

References

Silverman 2000 , 'Don't go it alone alliance network composition and start-ups' performance in Canadian biotechnology', Strategic Management Journal, 21, 267-94. BBSRC 2004 , Available Accessed 24 November 2004. Beck, K. and C. Wilson 2001 , 'Have we studied, should we study, and can we study the development of commitment Methodological issues and the developmental study of work-related commitment', Human Resource Management Review, 11, 257-8. BioEntrepreneur 2004...

Profiling The Bioentrepreneur

Bioentrepreneur

In arriving at a profile of the bioentrepreneur, having just gained a feel for the industry in which they operate, we must first define the broader concept of the technopreneur. The technopreneur is a breed of entrepreneur that has emerged in the last two decades as a part of the global era of knowledge economies and new technologies. Technopreneurs recognize the value of technology and invent new ways of using it to change their industries Teague 2000 . They also make much use of computers,...

Entrepreneurship And Innovation

Post-Fordist or post-industrial influences Keeble 1997 have created a less antagonistic, even supportive environment for high technology companies and entire industries to emerge and grow. Such influences include rapidly changing environments, moves away from mass production toward customization and mass-customization, the application of generic technology which advances communication and production processes, a declining emphasis on price competition and price competitiveness through volume...