With its startup firms, vertical specialists, venture capital, and highly mobile labor, the New Economy business model (NEBM) is one that remains dominant in the United States, and it is one that many national policy-makers and corporate executives around the world seek to emulate. At the same...

In the decade before the current economic crisis, the US biotechnology industry was booming. In a 2006 book, Science Business: The Promise, the Reality, and the Future of Biotech, Gary Pisano implies that, given the 10-20 year time-frame for developing biotech products and the lack of...