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Innovation Activities in Biotechnology Industry in Denmark

Zhao, Haoyan LU (2011) EKHR23 20111
Department of Economic History
Abstract
Denmark’s biotech industry has a strong position in terms of R&D investment and net sales compared with other countries in the European Union. The biotechnology patent per million inhabitants has a leading position worldwide. This thesis aims to research the key factors that ensure and promote companies’ growth in biotech industry compared with other industries in Denmark. The research results indicates that innovation is the driving force for biotech companies growth compared with all other potential key factors, which supports the relevant innovation and growth theories discussed in the literature review chapter. However, the effects differ in biotech industry compared with other industries in Denmark, as innovation play a less... (More)
Denmark’s biotech industry has a strong position in terms of R&D investment and net sales compared with other countries in the European Union. The biotechnology patent per million inhabitants has a leading position worldwide. This thesis aims to research the key factors that ensure and promote companies’ growth in biotech industry compared with other industries in Denmark. The research results indicates that innovation is the driving force for biotech companies growth compared with all other potential key factors, which supports the relevant innovation and growth theories discussed in the literature review chapter. However, the effects differ in biotech industry compared with other industries in Denmark, as innovation play a less significant role for other industries in Denmark compared with biotech industry. On the other hand, the non innovation related factors are less important for companies’ growth in biotech industry in Denmark compared to other industries in Denmark. The insights got from the case study provided qualitative illustrations regarding key factors enable and promote development, which could further prove the causal relationship between innovation together with other key factors and growth. Other key development success factors besides investing in R&D for biotech companies in Denmark are: a rich human capital that allow skilled and culturally diversified employees to corporate and contribute; work closely with the universities and research centers as well as actively involving building net works between other stakeholders strategically. (Less)
Please use this url to cite or link to this publication:
author
Zhao, Haoyan LU
supervisor
organization
alternative title
What are the key factors that influence Danish Biotechnology Companies' growth?
course
EKHR23 20111
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Denmark, biotechnology, innovation, growth
language
English
id
2154419
date added to LUP
2011-09-19 13:35:17
date last changed
2013-09-27 12:55:04
@misc{2154419,
  abstract     = {Denmark’s biotech industry has a strong position in terms of R&D investment and net sales compared with other countries in the European Union. The biotechnology patent per million inhabitants has a leading position worldwide. This thesis aims to research the key factors that ensure and promote companies’ growth in biotech industry compared with other industries in Denmark. The research results indicates that innovation is the driving force for biotech companies growth compared with all other potential key factors, which supports the relevant innovation and growth theories discussed in the literature review chapter. However, the effects differ in biotech industry compared with other industries in Denmark, as innovation play a less significant role for other industries in Denmark compared with biotech industry. On the other hand, the non innovation related factors are less important for companies’ growth in biotech industry in Denmark compared to other industries in Denmark. The insights got from the case study provided qualitative illustrations regarding key factors enable and promote development, which could further prove the causal relationship between innovation together with other key factors and growth. Other key development success factors besides investing in R&D for biotech companies in Denmark are: a rich human capital that allow skilled and culturally diversified employees to corporate and contribute; work closely with the universities and research centers as well as actively involving building net works between other stakeholders strategically.},
  author       = {Zhao, Haoyan},
  keyword      = {Denmark,biotechnology,innovation,growth},
  language     = {eng},
  note         = {Student Paper},
  title        = {Innovation Activities in Biotechnology Industry in Denmark},
  year         = {2011},
}