An Investigation of Key Successful Factors of Biotechnological Industry Performance in Taiwan

Shang-Yung Yen, Shu-Mei Tang and Wei-Chih Wu
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Shang-Yung Yen: Feng Chia University, Taiwan
Shu-Mei Tang: Asia University, Taiwan
Wei-Chih Wu: Feng Chia University, Taiwan

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Abstract: The ever-prospering development of information and communication technology (ICT) in recent years has changed how people conduct communication and their commercial behaviors. A large number of industries, such as semi-conductor and biotech sectors, find themselves in a high-velocity environment, wherein the market demands, peer rivals, and technologies are in a constant change, industrial structure and boundary are becoming blurred and intensively competitive. To survive in such a rapidly changing and highly competitive environment, all industries begin to map out winning strategies as their top priority. Taking biotech industry as an example, and by reviewing of related literature, analysis on the current industrial status, and through analytic hierarchy process (AHP), this paper intends to draw out the key elements that have the most impact on the success of operational performance on biotech industry in Taiwan, and shall conduct further interpretation of the correlation between these elements and the decision-making process. Since the traditional Chinese medicine is a valuable traditional knowledge and has an advantageous position of biotech industry in Taiwan. This paper is also intended to look into the difficult problems and choke points that the TCM met in industries, officials and academic circles in the past, and analyze the present information of them for the purpose of offering these issues with more appropriate suggestions to Taiwan government. In the past years, the learning studies of Chinese medicine have accumulated a number of research results, but such results are unable to be applied effectively to and become one of important industries in Taiwan.

Keywords: Traditional Chinese Medicine (TCM); biotechnology industry; patent; intellectual property rights; R&D; Taiwan (search for similar items in EconPapers)
Date: 2013
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