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Published in: Asia Pacific Journal of Management 2/2011

01-06-2011

Resource-based and institution-based approaches to biotechnology industry development in Malaysia

Authors: Mark J. Ahn, Anne S. York

Published in: Asia Pacific Journal of Management | Issue 2/2011

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Abstract

In this study, we use both resource-based and institution-based theories to examine potential sources of competitive advantage in the relatively new and rapidly growing biotechnology sector. We then use those theories as the basis for a multimethod study to assess the priorities, capabilities, and competitiveness of the emerging biotechnology industry in Malaysia. Multifunctional experts from a biotechnology industry organization in Malaysia identified the use of biotechnology for agriculture and biofuels as key country priorities, with access to funding and talent cited as key capabilities required for successful sector development. The gap between capabilities required and strategic priorities provides a “to do” list for industry development, with government institutions playing a central role in accelerating technology development and providing the capital flows necessary to bridge this gap. Implications include the need for public–private sector collaboration to enable biotech firms to efficiently obtain international investment and alliances to ensure sustainability, as well as to develop bold and creative approaches for developing and recruiting talent both at home and abroad.

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Footnotes
1
By way of comparison and noting the global interest in stem cell transplantation, multinational manufacturer of scientific and medical equipment, PerkinElmer purchased the Boston-based Viacell stem cell storage business for US$ 300 million in 2007 (PerkinElmer, 2008).
 
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Metadata
Title
Resource-based and institution-based approaches to biotechnology industry development in Malaysia
Authors
Mark J. Ahn
Anne S. York
Publication date
01-06-2011
Publisher
Springer US
Published in
Asia Pacific Journal of Management / Issue 2/2011
Print ISSN: 0217-4561
Electronic ISSN: 1572-9958
DOI
https://doi.org/10.1007/s10490-009-9147-2

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