The treasures of Frankenstein
Article Abstract:
The European biotechnology industry accounted for 80% of the $4.3 billion spent on R&D globally in the industry in 1989. However, the anticipated profits from biotechnology investments have failed to materialize. Investors have misunderstood the long-term cycle of developing marketable biotechnology products. Small start-up companies characterize the industry, and short-termism among investors has proven a large obstacle to the capital-hungry companies. Other barriers biotechnology start-up firms face are negative public opinion and legal ambiguity surrounding biotechnology products.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1991
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Japan moves in at dawn
Article Abstract:
The agreement between the giant Japanese computer and electronics manufacturer Fujitsu Ltd and the UK firm ICL PLC that permits Fujitsu to acquire an 80% stake in ICL's computer and telecommunications subsidiary STC PLC STC may have destroyed the European dream of establishing a pan-European computer company capable of competing in international markets. The deal made Fujitsu the world's second largest computer company and placed the Japanese firm in an excellent position to participate in the single European market of 1992.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1990
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