Success Factors for Strategic Partnerships in the Biotechnology Sector

Kehrel, U; Klischan, K; Sick, N

Success Factors for Strategic Partnerships in the Biotechnology Sector

Kehrel, U Klischan, K Sick, N

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Publisher:: WORLD SCIENTIFIC
Publication Type:: Chapter
Citation:: Managing Medical Technological Innovations: Exploring Multiple Perspectives, 2019, a, pp. 157-191
Issue Date:: 2019-01-01

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Field	Value	Language
dc.contributor.author	Kehrel, U
dc.contributor.author	Klischan, K
dc.contributor.author	Sick, N https://orcid.org/0000-0002-0713-6918
dc.date.accessioned	2023-01-03T05:43:12Z
dc.date.available	2023-01-03T05:43:12Z
dc.date.issued	2019-01-01
dc.identifier.citation	Managing Medical Technological Innovations: Exploring Multiple Perspectives, 2019, a, pp. 157-191
dc.identifier.isbn	9789811204685
dc.identifier.uri	http://hdl.handle.net/10453/164646
dc.description.abstract	Over half of all research-oriented partnerships in the biotechnology industry fail due to problems in inter-organizational relationships. The analysis of factors that determine the success of strategic partnerships can help companies reduce the high failure rates. Based on the resourceoriented and relationship-oriented approach, this chapter examines the influence of three structural factors and three dynamic factors on the success of strategic, research-oriented partnerships in the biotechnology industry. In the empirical analysis, data from 48 research collaborations by 28 companies were collected and analyzed. The results confirm the significant influence of the factors “complementary resources”, “operational compatibility”, “bilateral exchange of information”, and “opportunistic behavior”. On the basis of these findings, companies can identify approaches to influence the success of their own research collaborations. In particular, appropriate recommendations for action can be derived in the context of the structural design of partnerships and the dynamic exchange process.
dc.language	en
dc.publisher	WORLD SCIENTIFIC
dc.relation.ispartof	Managing Medical Technological Innovations: Exploring Multiple Perspectives
dc.relation.isbasedon	10.1142/9789811204692_0006
dc.rights	info:eu-repo/semantics/closedAccess
dc.title	Success Factors for Strategic Partnerships in the Biotechnology Sector
dc.type	Chapter
utslib.citation.volume	a
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology/School of Mechanical and Mechatronic Engineering
pubs.organisational-group	/University of Technology Sydney/Strength - CAM - Centre for Advanced Manufacturing
utslib.copyright.status	closed_access	*
dc.date.updated	2023-01-03T05:43:11Z
pubs.publication-status	Published
pubs.volume	a

Abstract:

Over half of all research-oriented partnerships in the biotechnology industry fail due to problems in inter-organizational relationships. The analysis of factors that determine the success of strategic partnerships can help companies reduce the high failure rates. Based on the resourceoriented and relationship-oriented approach, this chapter examines the influence of three structural factors and three dynamic factors on the success of strategic, research-oriented partnerships in the biotechnology industry. In the empirical analysis, data from 48 research collaborations by 28 companies were collected and analyzed. The results confirm the significant influence of the factors “complementary resources”, “operational compatibility”, “bilateral exchange of information”, and “opportunistic behavior”. On the basis of these findings, companies can identify approaches to influence the success of their own research collaborations. In particular, appropriate recommendations for action can be derived in the context of the structural design of partnerships and the dynamic exchange process.

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http://hdl.handle.net/10453/164646