Global-innovation strategy modeling of biotechnology industry

This study investigates whether firm entrepreneurship, learning orientation, and R&D innovation strategy are in terms of predicting future performance in the biotechnology industry context. Over the past three decades developing countries such as Taiwan have shifted from a manufacturing-based economy toward a technology-based economy, but knowledge of this important link of innovation, entrepreneurship and performance remain limited. In this respect, the study raises a number of important questions concerning how firm entrepreneurship, learning orientation, and R&D innovation strategy impact performance. The study empirically tests predictions of relationships by using mail survey data from 254 biotechnology firms. Results from the research sample support the argument that learning orientation, firm entrepreneurship, and R&D innovation strategies are the key determinants of organizational innovation performance. Learning orientation and firm entrepreneurship influence R&D innovation strategy choice and implementation. The article concludes with theoretical and managerial implications of the research findings.