Small entrepreneurial firms and large companies in inter-firm R & D networks: The international biotechnology industry

J. Hagedoorn, A.H.W.M. Roijakkers

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Abstract

This chapter studies the role played by small entrepreneurial firms and large companies in the international biotechnology industry. The biotechnology industry is one of the main examples of current industries that are characterized by “hypercompetition”, with a high degree of uncertainty about the combined effects of both new technologies and new market structures. It is an example of an industry with Schumpeterian competition where revolutionary changes in technology and innovative new products and processes have the potential to threaten the position of existing market leaders and their product-market positions. It is also a sector where we find a large number of R&D alliances, in particular between large and small companies.

Original languageEnglish
Title of host publicationStrategic entrepreneurship
Subtitle of host publicationcreating a new mindset
EditorsM Camp, D Sexton, M Hitt, D Ireland
Place of PublicationLondon
PublisherWiley-Blackwell
Pages223-252
ISBN (Electronic)9781405164085
ISBN (Print)9780631234104
Publication statusPublished - 1 Jan 2002

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