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Proposal Of Base Business Model For Biotechnology Companies In Mexico, Propuesta De Modelo De Negocio Base Para Las Empresas De Biotecnologia En Mexico

Author

Listed:
  • Sergio Castro Aranda
  • Virginia Guadalupe Lopez Torres
  • Graciela Guerra Rivas

Abstract

The biotechnology industry in Mexico is emergent. While countries like Singapore and South Korea have established their industries rapidly, Mexico still does not have specific programs for the biotechnology development. For over two decades, this country has tried to exploit everything that the biotechnology industry has to offer. However, the results have not been very impressive. Therefore, Mexico requires changes in terms of the development mechanism of the biotechnology industry. One of the key pillars of changes required in Mexico is the business model used by the industry. Based on the above, the target of this work was to develop a base business model for the biotechnology companies. To make this proposal, a mixed method was applied to conduct the research and the variables of canvas methodology, were used to analyze the companies that were selected. The results showed that successful biotech companies have certain patterns in their business models. Also, they allowed us to understand how companies interact with their environment and carry out a proposal of business model most likely to have a future development

Suggested Citation

  • Sergio Castro Aranda & Virginia Guadalupe Lopez Torres & Graciela Guerra Rivas, 2016. "Proposal Of Base Business Model For Biotechnology Companies In Mexico, Propuesta De Modelo De Negocio Base Para Las Empresas De Biotecnologia En Mexico," Revista Global de Negocios, The Institute for Business and Finance Research, vol. 4(4), pages 29-51.
    • Handle: RePEc:ibf:rgnego:v:4:y:2016:i:4:p:29-51
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    References listed on IDEAS

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    1. Ayala, Juan-Carlos & Manzano, Guadalupe, 2014. "The resilience of the entrepreneur. Influence on the success of the business. A longitudinal analysis," Journal of Economic Psychology, Elsevier, vol. 42(C), pages 126-135.
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    More about this item

    Keywords

    Business Model; Biotechnology Industry; Innovation; Baja California;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics

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