This 20 page paper looks at the biotechnology industry. He first part of the paper defines the industry, looks at the historical develop of the industry and considers the current influences using a PEST analysis and Porters Fie Forces Model. Next, two companies within different segments of the industry are examined; Agmen in the medical sector and Monsanto in the agricultural sector, both are examined using a SWOT analysis. The bibliography cites 12 sources.
Name of Research Paper File: TS14_TEbiotech.rtf
Unformatted Sample Text from the Research Paper:
Suppliers 13 3.3.5 Substitutes 13 4. Companies 14 4.1 Amgen 14 4.2 Monsanto 17 5. Conclusion 20 References 22 1. Introduction The biotechnology industry is often perceived as being a new
industry, however the foundations of the industry are not decades ago, but centuries ago. However, the major changes and progress may be seen as focused within the last few decades,
where the industry has grown exponentially in terms of value and the fields of application. Today it is a thriving, multimillion dollar industry, with a large number of firms and
commercial developments which have been able to benefit society as well as controversial developments. The industry is highly diverse and is likely to change and evolve at a rapid rate.
To understand the biotechnology industry to the essential to good background in the trends and patterns which are seen within the industry, it is also potentially valuable to look at
the way in which major firms within that industry are operating and how they are influenced. 2. Background In order to understand the industry it is important to define what
is meant by biotechnology and how it has developed and then look at the influences on the industry. 2.1 Definition The term biotechnology covers a wide range of
different areas, for this reason all of the single definitions may be seen as very broad, the OECD definition states that it is the "application of science and technology to
living organisms, as well as parts, products and models thereof, to alter living or non-living materials for the production of knowledge, goods and services" (OECD, 2005). This is a very
broad definition, which is all inclusive, but this requires further discussion, which can be helped with the use of a list-based definition, which will add richness to the definition, but