Team for Biotechnology Organization


Authors : Hsiu Lan Wu

Volume/Issue : Volume 7 - 2022, Issue 2 - February

Google Scholar : http://bitly.ws/gu88

Scribd : https://bit.ly/3rFRk66

DOI : https://doi.org/10.5281/zenodo.6045140

For a biotechnology organization, “teamwork” is as important as its technological product or market value. Good teamwork will produce the best possible results for a company. To succeed, every worker must understand the role of teamwork and their unique role and duties. If someone is in the incorrect role or does not properly understand the vision and duties of that role, the company may fail. In this study, we are going to discuss stages of development, cooperation, how to identify biotechnology firms with significant potential, and how to lead the company to success by building and sustaining entrepreneurial culture within the company. The leader of the biotechnology company should recognize the contributions of outstanding members of the organization, such as advisors, board members and employees. Leaders should acknowledge that their company runs smoothly because of the excellent work from these individuals. Additionally, the leader should encourage employees to be devoted to the success of the company. For example, employees should have access to company stock, and the leader should foster a sense of belonging among employees. Innovation is an important characteristic of a successful biotechnology company. In an innovative environment, an entrepreneur can build and expand their industry contacts and relationships within the entire biotechnology industry.Interconnected partnerships and personal networks all over the world will comprehensively support the organization and provide diversified knowledge to the company. Leaders have many responsibilities: in addition to fostering innovation and a sense of community among employees, leaders have to solve many challenges, such as how to build the team, communicate effectively with partners, and monitor individual performance.

Keywords : Entrepreneurial teams; organizational culture; team motivation; open-innovation networks.

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30 - November - 2022

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