Paola Olimpia Achard – Department of Industrial and Information Engineering and Economics, University of L’Aquila, Giuseppe Mezzanotte St., 67100, L’Aquila, Italy
Chiara Bellini – Department of Industrial and Information Engineering and Economics, University of L’Aquila, Giuseppe Mezzanotte St., 67100, L’Aquila, Italy
Keywords: Biotech industry;
Collaboration strategies;
International business;
Knowledge;
Development;
Sustainable competitive
advantage
Abstract: Global-scale competition is based on the ability to generate innovation, particularly in knowledge-intensive sectors such as healthcare, biotech, and pharmaceuticals. The purpose of this paper is to analyze the collaborative strategies pursued by European biotech firms, as preferential ways to promote the innovation processes necessary for value creation. The methodology followed consists of the strategic analysis of European biotech firms to highlight value creation pathways. The main result of the study is the observation that the pursuit of a position of sustainable competitive advantage derives from the ability of European biotech firms to establish different and articulated strategic relationships of a collaborative nature.
9th International Scientific ERAZ Conference – ERAZ 2023 – Selected Papers: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, hybrid – online, virtually and in person, Prague, Czech Republic, June 1, 2023
ERAZ Selected Papers published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia
ERAZ conference partners: Faculty of Logistics, University of Maribor, Maribor (Slovenia); University of National and World Economy – UNWE, Sofia (Bulgaria); Center for Political Research and Documentation (KEPET), Research Laboratory of the Department of Political Science of University of Crete (Greece); Institute of Public Finance – Zagreb (Croatia); Faculty of Tourism and Hospitality Ohrid, University of St. Kliment Ohridski from Bitola (North Macedonia)
ERAZ Conference 2023 Selected Papers: ISBN 978-86-80194-73-8, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.S.P.2023
Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.
Suggested citation
Achard, P. A., & Bellini, C. (2023). Value Creation Processes in the European Biotech Industry: The Role of Collaboration Strategies. In V. Bevanda (Ed.), ERAZ Conference – Knowlegde Based Sustainable Development: Vol 9. Selected Papers (pp. 63-72). Association of Economists and Managers of the Balkans. https://doi.org/10.31410/ERAZ.S.P.2023.63
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