A framework for managing knowledge in strategic alliances in the biotechnology sector

Biotechnology is a rapidly expanding field of science that has led to the formation of alarge number of companies that together form a significant sector within the Australianeconomy. Even though there has been considerable growth in the Australian biotechnologysector as a whole, a large percentage...

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Main Authors: Standing, S., Standing, C., Lin, Chad
Format: Journal Article
Published: John Wiley and Sons Ltd 2008
Subjects:
Online Access:http://hdl.handle.net/20.500.11937/45042
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author Standing, S.
Standing, C.
Lin, Chad
author_facet Standing, S.
Standing, C.
Lin, Chad
author_sort Standing, S.
building Curtin Institutional Repository
collection Online Access
description Biotechnology is a rapidly expanding field of science that has led to the formation of alarge number of companies that together form a significant sector within the Australianeconomy. Even though there has been considerable growth in the Australian biotechnologysector as a whole, a large percentage of Australian biotechnology firms are small andmedium sized enterprises (SMEs) that suffer from a lack of funding and expertise. Thedevelopment and management of effective strategic alliances are critical to the success anddevelopment of biotechnology firms as they provide opportunities to share resourcesand expertise, access funding and develop new ideas. However, developing and managingstrategic alliances is fraught with difficulties which are compounded by size andresource asymmetries and the nature of the biotechnology market. In this paper, weidentify the difficulties faced by biotechnology firms and examine the importance ofknowledge management related to alliance formation and development with specialreference to the Australian context. We examine the knowledge and expertise that arerequired to be effective in developing strategic alliances in the biotechnology sector andprovide a framework for managing knowledge related to strategic alliances. We suggestthat critical systems approaches, in particular creative holism, are needed to manage thevarious forms of knowledge associated with strategic alliances.
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spelling curtin-20.500.11937-450422017-09-13T16:05:06Z A framework for managing knowledge in strategic alliances in the biotechnology sector Standing, S. Standing, C. Lin, Chad biotechnology systems - approaches knowledge management creative holism strategic alliances Biotechnology is a rapidly expanding field of science that has led to the formation of alarge number of companies that together form a significant sector within the Australianeconomy. Even though there has been considerable growth in the Australian biotechnologysector as a whole, a large percentage of Australian biotechnology firms are small andmedium sized enterprises (SMEs) that suffer from a lack of funding and expertise. Thedevelopment and management of effective strategic alliances are critical to the success anddevelopment of biotechnology firms as they provide opportunities to share resourcesand expertise, access funding and develop new ideas. However, developing and managingstrategic alliances is fraught with difficulties which are compounded by size andresource asymmetries and the nature of the biotechnology market. In this paper, weidentify the difficulties faced by biotechnology firms and examine the importance ofknowledge management related to alliance formation and development with specialreference to the Australian context. We examine the knowledge and expertise that arerequired to be effective in developing strategic alliances in the biotechnology sector andprovide a framework for managing knowledge related to strategic alliances. We suggestthat critical systems approaches, in particular creative holism, are needed to manage thevarious forms of knowledge associated with strategic alliances. 2008 Journal Article http://hdl.handle.net/20.500.11937/45042 10.1002/sres.861 John Wiley and Sons Ltd restricted
spellingShingle biotechnology
systems - approaches
knowledge management
creative holism
strategic alliances
Standing, S.
Standing, C.
Lin, Chad
A framework for managing knowledge in strategic alliances in the biotechnology sector
title A framework for managing knowledge in strategic alliances in the biotechnology sector
title_full A framework for managing knowledge in strategic alliances in the biotechnology sector
title_fullStr A framework for managing knowledge in strategic alliances in the biotechnology sector
title_full_unstemmed A framework for managing knowledge in strategic alliances in the biotechnology sector
title_short A framework for managing knowledge in strategic alliances in the biotechnology sector
title_sort framework for managing knowledge in strategic alliances in the biotechnology sector
topic biotechnology
systems - approaches
knowledge management
creative holism
strategic alliances
url http://hdl.handle.net/20.500.11937/45042