Compete or not? Evidence from global biopharmaceutical innovation and market

Zhang, L; Guo, Y; Zhang, Y; Su, J

Compete or not? Evidence from global biopharmaceutical innovation and market

Zhang, L Guo, Y Zhang, Y

Su, J

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Publisher:: Inderscience Publishers
Publication Type:: Journal Article
Citation:: International Journal of Technology Management, 2024, 94, (2), pp. 213-241
Issue Date:: 2024-01-01

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Field	Value	Language
dc.contributor.author	Zhang, L
dc.contributor.author	Guo, Y
dc.contributor.author	Zhang, Y https://orcid.org/0000-0002-7731-0301
dc.contributor.author	Su, J
dc.date.accessioned	2024-02-29T05:24:57Z
dc.date.available	2024-02-29T05:24:57Z
dc.date.issued	2024-01-01
dc.identifier.citation	International Journal of Technology Management, 2024, 94, (2), pp. 213-241
dc.identifier.issn	0267-5730
dc.identifier.issn	1741-5276
dc.identifier.uri	http://hdl.handle.net/10453/175966
dc.description.abstract	It is necessary to analyse the technological innovation and market from the global level. We pay attention to the biopharmaceutical industry to study the relationship between them. We find all the technological innovation, market size, and market competitions are developing in increasing tendencies generally. But the tendencies change strongly when encountering major events. Market size is more effective than market competition when either one affects technological innovation. Market competition can only bring about slight innovations, but the market size can affect all kinds of innovations. Therefore, the best choice to develop technology is to expand its market, rather than to increase or decrease competition. However, the topic novelty and death still can only be resulted by global major events. At that time, the 'chance' should be seized, and cooperation should be emphasised on, since the urgent practical needs will accelerate the development of technology.
dc.language	en
dc.publisher	Inderscience Publishers
dc.relation.ispartof	International Journal of Technology Management
dc.relation.isbasedon	10.1504/IJTM.2024.135713
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	1503 Business and Management
dc.subject.classification	Business & Management
dc.title	Compete or not? Evidence from global biopharmaceutical innovation and market
dc.type	Journal Article
utslib.citation.volume	94
utslib.for	1503 Business and Management
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/Strength - AAII - Australian Artificial Intelligence Institute
utslib.copyright.status	closed_access	*
dc.date.updated	2024-02-29T05:24:54Z
pubs.issue	2
pubs.publication-status	Published
pubs.volume	94
utslib.citation.issue	2

Abstract:

It is necessary to analyse the technological innovation and market from the global level. We pay attention to the biopharmaceutical industry to study the relationship between them. We find all the technological innovation, market size, and market competitions are developing in increasing tendencies generally. But the tendencies change strongly when encountering major events. Market size is more effective than market competition when either one affects technological innovation. Market competition can only bring about slight innovations, but the market size can affect all kinds of innovations. Therefore, the best choice to develop technology is to expand its market, rather than to increase or decrease competition. However, the topic novelty and death still can only be resulted by global major events. At that time, the 'chance' should be seized, and cooperation should be emphasised on, since the urgent practical needs will accelerate the development of technology.

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http://hdl.handle.net/10453/175966