Cover Image

Innovation and firm creation strategies in the emerging biotechnology industries

Innovation and firm creation are enablers of industry development, especially in industries that are technology-intensive. In the contexts of an emerging industry, industry development supports the transformation of an emerging economy into a developed one. Therefore, by understanding innovation and...

Full description

Saved in:
Bibliographic Details
Main Authors: Said, Mohd Fuaad, Adham, Khairul Akmaliah, Abdullah, Nur Atiqah, Sarkam, Saida Farhanah, Quoquab, Farzana, Hanninen, Seppo
Format: Article
Language:English
Published: Faculty of Economics and Management, Universiti Putra Malaysia 2013
Online Access:http://psasir.upm.edu.my/id/eprint/28353/1/28353.pdf
http://psasir.upm.edu.my/id/eprint/28353/
http://econ.upm.edu.my/ijem/vol7_no2.htm
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.upm.eprints.28353
record_format eprints
spelling my.upm.eprints.283532015-07-06T07:08:32Z http://psasir.upm.edu.my/id/eprint/28353/ Innovation and firm creation strategies in the emerging biotechnology industries Said, Mohd Fuaad Adham, Khairul Akmaliah Abdullah, Nur Atiqah Sarkam, Saida Farhanah Quoquab, Farzana Hanninen, Seppo Innovation and firm creation are enablers of industry development, especially in industries that are technology-intensive. In the contexts of an emerging industry, industry development supports the transformation of an emerging economy into a developed one. Therefore, by understanding innovation and firm creation strategies and the variables that influence them entrepreneur-managers will be able to design strategies for the development of their firms, and policy makers will be able to institute a conducive environment which support rapid growth of the industry. This study examines the strategies for innovation and firm creation adopted by 92 companies in the emerging Malaysian biotechnology sector. The objective is to gain an understanding of the variables that influence their innovation and firm creation strategies. To achieve this objective, content analysis methodology was utilized and data was gathered from sources in the public domain. Findings reveal industry’s contextual variables influence innovation and firm creation in the emerging biotechnology industry. Some of the emergent strategies for companies in this industry are establishing a family of firms, collaborating with business partners, locating their operation close to resources, and internationalizing their operation. These strategies, in turn, are influenced by the age and size of the companies. These findings can be explained by three major theories of competition; the influence of the external environment can be explained via the industrial organization perspective, while the resources and innovative conduct, being of strategic imperatives can be described through the resource-based and the Schumpeterian views. These insights offer entrepreneur-managers and policy makers directions toward enhancing the process of innovation and firm development, which in turn can support the development of technology-intensive companies and industries. Faculty of Economics and Management, Universiti Putra Malaysia 2013-12 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/28353/1/28353.pdf Said, Mohd Fuaad and Adham, Khairul Akmaliah and Abdullah, Nur Atiqah and Sarkam, Saida Farhanah and Quoquab, Farzana and Hanninen, Seppo (2013) Innovation and firm creation strategies in the emerging biotechnology industries. International Journal of Economics and Management, 7 (2). pp. 348-375. ISSN 1823-836X http://econ.upm.edu.my/ijem/vol7_no2.htm
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description Innovation and firm creation are enablers of industry development, especially in industries that are technology-intensive. In the contexts of an emerging industry, industry development supports the transformation of an emerging economy into a developed one. Therefore, by understanding innovation and firm creation strategies and the variables that influence them entrepreneur-managers will be able to design strategies for the development of their firms, and policy makers will be able to institute a conducive environment which support rapid growth of the industry. This study examines the strategies for innovation and firm creation adopted by 92 companies in the emerging Malaysian biotechnology sector. The objective is to gain an understanding of the variables that influence their innovation and firm creation strategies. To achieve this objective, content analysis methodology was utilized and data was gathered from sources in the public domain. Findings reveal industry’s contextual variables influence innovation and firm creation in the emerging biotechnology industry. Some of the emergent strategies for companies in this industry are establishing a family of firms, collaborating with business partners, locating their operation close to resources, and internationalizing their operation. These strategies, in turn, are influenced by the age and size of the companies. These findings can be explained by three major theories of competition; the influence of the external environment can be explained via the industrial organization perspective, while the resources and innovative conduct, being of strategic imperatives can be described through the resource-based and the Schumpeterian views. These insights offer entrepreneur-managers and policy makers directions toward enhancing the process of innovation and firm development, which in turn can support the development of technology-intensive companies and industries.
format Article
author Said, Mohd Fuaad
Adham, Khairul Akmaliah
Abdullah, Nur Atiqah
Sarkam, Saida Farhanah
Quoquab, Farzana
Hanninen, Seppo
spellingShingle Said, Mohd Fuaad
Adham, Khairul Akmaliah
Abdullah, Nur Atiqah
Sarkam, Saida Farhanah
Quoquab, Farzana
Hanninen, Seppo
Innovation and firm creation strategies in the emerging biotechnology industries
author_facet Said, Mohd Fuaad
Adham, Khairul Akmaliah
Abdullah, Nur Atiqah
Sarkam, Saida Farhanah
Quoquab, Farzana
Hanninen, Seppo
author_sort Said, Mohd Fuaad
title Innovation and firm creation strategies in the emerging biotechnology industries
title_short Innovation and firm creation strategies in the emerging biotechnology industries
title_full Innovation and firm creation strategies in the emerging biotechnology industries
title_fullStr Innovation and firm creation strategies in the emerging biotechnology industries
title_full_unstemmed Innovation and firm creation strategies in the emerging biotechnology industries
title_sort innovation and firm creation strategies in the emerging biotechnology industries
publisher Faculty of Economics and Management, Universiti Putra Malaysia
publishDate 2013
url http://psasir.upm.edu.my/id/eprint/28353/1/28353.pdf
http://psasir.upm.edu.my/id/eprint/28353/
http://econ.upm.edu.my/ijem/vol7_no2.htm
_version_ 1643829439819153408
score 13.211869

Similar Items