Abstract

This paper analyses the possibility of finding competitive advantages among knowledge-based firms in emerging economies. It is argued that rapidly evolving environments due to globalised markets and rapid technology change may influence the strategy of the firm in order to compete in markets. In this regard, the strategy of the firm should be constantly adapting to rapid changes in environmental conditions. This research inquires thus on how knowledge-based firms in emerging economies may react to rapid changes in environmental conditions in order to compete in markets in the presence of technology change and globalised markets. The case of biotech-dedicated firms in Mexico is analysed in this paper.

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