Abstract
Microbial biotechnology companies are among the most important industries in any knowledgebased economy. Governments are eager to develop the microbial biotechnology industry to improve the skill levels of their workforce, to build up the R&D base for the future of their economies, and to prosper as regional hubs in the era of globalization. The development agenda has particular significance in countries that must transform their economies to knowledge-based economies for the future. However, challenges to latecomers in the field are formidable. In this regard, it is important to identify and prioritize the inter-organizational factors which pave the way for their success. Therefore, in the present study, we try to enumerate and prioritize these factors in Iranian microbial biotechnology business. Based on these research goals we develop a research design and discuss our findings. Finally, some directions for future research are suggested.
Highlights
At the forefront of researchers’ interest in the 21st century, the biotechnology industry is a dynamic and different industry (Cantley, 2004)
There are three main groups of factors, which are: Organizational Key Success Factors (OKSFs). These factors are playing the role of facilitation to pave the way for the microbial biotechnology firms
- Culture: team work culture, entrepreneurial culture, and motivating culture for business. These factors include those elements that directly influence the success of microbial biotechnology firms
Summary
At the forefront of researchers’ interest in the 21st century, the biotechnology industry is a dynamic and different industry (Cantley, 2004). The industry is made up of specializedmicrobial biotechnology firms as well as firms employing the technologies, applications, and products in several industries including pharmaceuticals, agriculture, chemicals, computer, medical device, environmental industries, etc. The impact of microbial biotechnology is most significant in human. Journal of Virology & Microbiology 2 healthcare, but spreads beyond to include animal health, industrial and environmental applications, and criminology. The intersection of microbial biotechnology and other high-tech and traditional industries has even led to the development of specialized industry subsectors based on new hybrid technologies (Hall and Bagchi-Sen, 2007)
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