Value Creation Processes in the European Biotech Industry: The Role of Collaboration Strategies
Value Creation Processes in the European Biotech Industry: The Role of Collaboration Strategies

Author(s): Paola Olimpia Achard, Caiara Bellini
Subject(s): Business Economy / Management, Socio-Economic Research
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Biotech industry; Collaboration strategies; International business; Knowledge; Development; Sustainable competitive advantage
Summary/Abstract: Global-scale competition is based on the ability to generate innovation, particularly in knowledge-intensive sectors such as healthcare, biotech, and pharmaceuticals. The purpose of this paper is to analyze the collaborative strategies pursued by European biotech firms, as preferential ways to promote the innovation processes necessary for value creation. The methodology followed consists of the strategic analysis of European biotech firms to highlight value creation pathways. The main result of the study is the observation that the pursuit of a position of sustainable competitive advantage derives from the ability of European biotech firms to establish different and articulated strategic relationships of a collaborative nature.

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