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Critical Success Factors for Intra-Disciplinary Transformation of the Agricultural Biotechnology Industry in Taiwan based on the Value Chain Concept

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  • Meng-Shiunn Lee

    (Department of Business Administration, Chang Jung Christian University, Taiwan)

Abstract

This study examines the agricultural biotechnology industry in the context of value chain theory introduced by Porter (1985). It also compiles opinions on development directions for agricultural biotechnology in Taiwan from numerous national scholars and experts using the fuzzy delphi and fuzzy analytical hierarchy process methods to learn about critical success factors for the agricultural biotechnology industry¡¦s intra-disciplinary transformation in Taiwan. In this way, we seek to contribute to a concrete development strategy that will provide a reference for the industry and related government agencies. The study indicates that the critical success factors for the agricultural biotechnology industry¡¦s intra-disciplinary transformation are (from most to least important): technical development systems for production, intellectual property control, complete education systems, risk management control in new product development, nurturing technical and R&D employees, and institutions of relevant laws and regulations. These factors are essential to successful development of agricultural biotechnology¡¦s intra-disciplinary transformation, will help to guide the industry to set up an efficient development strategy, and will help to establish best practice standards. Strategies that leverage and enhance these factors should help to achieve public and corporate goals, support business continuity, advance competition, and develop sustainable competitive advantages.

Suggested Citation

  • Meng-Shiunn Lee, 2008. "Critical Success Factors for Intra-Disciplinary Transformation of the Agricultural Biotechnology Industry in Taiwan based on the Value Chain Concept," Journal of Economics and Management, College of Business, Feng Chia University, Taiwan, vol. 4(1), pages 65-88, January.
  • Handle: RePEc:jec:journl:v:4:y:2008:i:1:p:65-88
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    More about this item

    Keywords

    agricultural biotechnology; industrial transformation; critical success factors;

    JEL classification:

    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics
    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services

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