The Global Biotechnology Industry

Biotechnology Life Cycle

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...

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...