Edited by Marian V Jones, Colin Wheeler and Pavlos Dimitratos
Chapter 15: Towards a Research Agenda for International Entrepreneurship in the Life Sciences
Marian V. Jones, Colin Wheeler and Pavlos Dimitratos INTRODUCTION The motivation for this book was to bring together researchers from a range of business-related disciplines who are researching aspects of the life science industry relevant to international entrepreneurship. In the introduction to this book we raised questions asking why International Entrepreneurship is relevant as an appropriate theme for an examination of the life sciences industry and why Life Sciences might be an appropriate and context-specific focus for international entrepreneurship research. At least part of the answer lies in the dynamic, complex and global nature of the industry in which general explanations of the behaviour of entrepreneurs and firms defy explanation by single disciplines. The life science industry traverses local and global milieus and the translational development of basic science traverses a somewhat lengthy process through innovation to the production of useful and valuable applications, goods and services. The industry is dynamic but highly regulated, relies on networking and cooperation throughout the value network and is simultaneously intensely competitive. Exploration and exploitation of science are the core processes of the industry, and the impact of its output on healthcare, food, energy and so on is potentially global. In life science, in discovering and exploiting opportunities, the processes of innovation, entrepreneurship and internationalization may be parallel, convergent or interdependent, and may extend spatially within or across national borders. If, as suggested by Oviatt and McDougall (2005b, p. 7) international entrepreneurship is concerned with ‘. . . the discovery, enactment, evaluation, and exploitation of opportunities – across...
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