16 Questions
What is the fundamental concept of entrepreneurship in biotechnology?
Creation of new enterprise
What is a key characteristic of a bioentrepreneur in the biotechnology industry?
Transformation from scientist to entrepreneur
How does competitive advantage in the biotechnology industry relate to good science?
It depends on effective management of intellectual property from good science
What is entrepreneurship considered as?
A process of continuous growth and change
What are the two major forces influencing the development of industries in the biotechnology context?
Market forces and intellectual property
How do the market forces approach and the scientific and technical forces approach differ?
The market forces approach originates influences on development from the market, while the scientific and technical forces approach focuses on intellectual property and intellectual capital.
Why are the market forces and the desire to commercialize ideas considered major influencers in biotechnology industries?
They contribute to the revenue stream and return to investors.
What best describes the relationship between the two major forces influencing industry development in high technology industries?
They are competing explanations for industry growth.
What is the fundamental concept of entrepreneurship in biotechnology?
Creating new enterprises in a science-based industry
What best describes the bioentrepreneur in the biotechnology industry?
A scientist/researcher turned entrepreneur seeking to commercialize research successes
What observation about entrepreneurship is appropriate for the bioentrepreneur?
It is a process of becoming rather than a state of being
In the context of biotechnology, what is the main source of competitive advantage?
Effective management of intellectual property from good science
What is the primary influence of market forces on the development of biotechnology industries?
Commercializing ideas and research
How are the market forces and the scientific and technical forces typically treated?
As competing forces in industry development
What do the market forces approach and the scientific and technical forces approach provide in explaining industry development in high technology industries?
Analogy or parallax view of industry development
What is a key characteristic of bioentrepreneurship in the biotechnology industry?
Dependence on intellectual property and intellectual capital
Learn about the fundamentals of entrepreneurship in the context of biotechnology, including the creation of new enterprises and the role of bioentrepreneurs. Gain an appreciation of sustainable high technology industry practices.
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