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Combining Resource-Based and Evolutionary Theory to Explain the Genesis of Bio-networks

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  • Elizabeth Garnsey
  • Yuen Yoong Leong

Abstract

This paper examines new firms creating innovative networks to support their development in emerging industries. Resource-based and evolutionary theories are combined to explain the genesis of a new business ecosystem. Two case studies of biopharm ventures developing drugs against cancer showed how participants altered their selection environment as they enhanced their network's capability. Resource building took place at the firm and network level through collaborative business models involving innovative contractors. This approach uncovered previously unnoticed features of networks for drug development: resource asynchronies were found to be a stimulus to innovation in development networks, as in the Penrosean firm.

Suggested Citation

  • Elizabeth Garnsey & Yuen Yoong Leong, 2008. "Combining Resource-Based and Evolutionary Theory to Explain the Genesis of Bio-networks," Industry and Innovation, Taylor & Francis Journals, vol. 15(6), pages 669-686.
  • Handle: RePEc:taf:indinn:v:15:y:2008:i:6:p:669-686
    DOI: 10.1080/13662710802565271
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    Citations

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    Cited by:

    1. Overholm, Harald, 2015. "Spreading the rooftop revolution: What policies enable solar-as-a-service?," Energy Policy, Elsevier, vol. 84(C), pages 69-79.
    2. Bruce Rasmussen, 2010. "Innovation and Commercialisation in the Biopharmaceutical Industry," Books, Edward Elgar Publishing, number 13680.
    3. Miozzo, Marcela & DiVito, Lori, 2016. "Growing fast or slow?: Understanding the variety of paths and the speed of early growth of entrepreneurial science-based firms," Research Policy, Elsevier, vol. 45(5), pages 964-986.
    4. repec:wsi:ijimxx:v:21:y:2017:i:08:n:s1363919617400114 is not listed on IDEAS

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