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
Abstract :
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.
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.
