What is it about?
Biotechnology firms operate in a highly innovative and competitive environment, where scientific knowledge alone is not enough to create lasting value. This book explains how biotech companies can combine innovation, strategic resources, managerial capabilities and market knowledge to build competitive advantage. It examines the main strategic choices faced by biotech firms, from identifying valuable resources and managing innovation to competing in knowledge-intensive markets and creating value for different stakeholders. The book is designed to help readers understand how scientific and technological capabilities can be transformed into sustainable business opportunities.
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Why is it important?
Biotechnology is essential to innovation in healthcare, agriculture, industry and sustainability, but scientific discoveries create value only when they are effectively managed and brought to market. This book helps bridge the gap between scientific innovation and strategic management by showing how biotech firms can organize resources, develop capabilities, compete in complex markets and turn knowledge into sustainable value. Its insights can support researchers, managers, entrepreneurs and students in better understanding the strategic challenges that shape the growth and competitiveness of biotechnology firms.
Perspectives
Biotechnology shows particularly clearly that creating value should mean more than generating financial returns. Biotech firms transform scientific knowledge into innovations that can improve health, quality of life and environmental sustainability, while also supporting economic development. The perspective developed in this book therefore considers competitive advantage and business performance as part of a broader process of value creation. The central challenge for biotech firms is not simply to capture value, but to use knowledge, innovation and strategic capabilities to create sustainable benefits for firms, stakeholders and society.
PAOLA OLIMPIA ACHARD
Universita degli Studi dell'Aquila
Read the Original
This page is a summary of: Strategic Management of Biotech Firms: Innovation, Competition and Value Creation in the Knowledge Economy, June 2026, Bentham Science Publishers,
DOI: 10.2174/97988988159431260101.
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