Internationalization of Indian Bio-Technology Firms: Case Analysis of Biocon

Vyas, Himanshu (2009) Internationalization of Indian Bio-Technology Firms: Case Analysis of Biocon. [Dissertation (University of Nottingham only)] (Unpublished)

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Rapid globalization of the World’s Economies and the advancement in the field of Research & Development has raised a fierce competition among international firms. In this Era, the firms are moving towards internationalization to remain ahead in the race. Internationalization has become a way to take competitive advantages & further advancement over business rivals. This dissertation examines some key issues related to Internationalization of Indian Biotechnology firms. By employing Case study approach, the dissertation investigates the important aspects that determine the characteristics of Indian Biotech firms’s internationalization process. The motivations which are involved & the foreign market entry strategies which are taken are analyzed from the theoretical context.

An amount of appealing research findings have emerged from this research. First, the motivations for internationalization of a firm vary from need to need of the firm, ranging from Market seeking to Seeking Resources and to strategic asset-seeking. This established that we need multiple theories to elucidate & analyze internationalization of Indian Biotechnology firms. It is quite difficult to explain this process by a single theory. In this research we found that Biocon used strategy from joint Venture to International Licensing and to even Acquisition. These strategies were dependent on competitive advantages and upcoming opportunities for Biocon. We found that Biocon started its journey with Joint Venture rather than exporting activities which explains that Uppsala model cannot explain the process of internationalization for some firms. Third, in this research we found that at time to time Biocon was involved in its internationalization & it adopted from a wide array of strategies so we can conclude that competitive advantages and need of situation play a very important role when it comes to select a strategy like JV, Licensing or M & A.

The study has also discussed the confine boundaries of the research and future avenues for future research.

Item Type: Dissertation (University of Nottingham only)
Depositing User: EP, Services
Date Deposited: 10 Aug 2010 10:41
Last Modified: 15 Feb 2018 22:36

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