The biotech industry is a highly competitive sector producing vast wealth. Interviews with the founders of five European biotech companies explore the underpinnings of the value creation process at their firms: the microfoundations. The results of this inquiry reveal the most essential drivers of value in the biotech sector and highlight the importance of two groups of microfoundations—past experience in the field and professional ties—and how they support the others. In bolstering these two elements, senior team leaders can strengthen all the other essential elements of value creation, helping to ensure the long-term success of their enterprise.
Ciao, B. (2018). The microfoundations of value creation in the biotech industry. GLOBAL BUSINESS AND ORGANIZATIONAL EXCELLENCE, 37(6), 40-50 [10.1002/joe.21891].
The microfoundations of value creation in the biotech industry
Ciao, B
2018
Abstract
The biotech industry is a highly competitive sector producing vast wealth. Interviews with the founders of five European biotech companies explore the underpinnings of the value creation process at their firms: the microfoundations. The results of this inquiry reveal the most essential drivers of value in the biotech sector and highlight the importance of two groups of microfoundations—past experience in the field and professional ties—and how they support the others. In bolstering these two elements, senior team leaders can strengthen all the other essential elements of value creation, helping to ensure the long-term success of their enterprise.
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