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Combining Resource-Based and Evolutionary Theory to Explain the Genesis of Bio-networks

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  • Elizabeth Garnsey
  • Yuen Yoong Leong

Abstract

This paper examines new firms creating innovative networks to support their development in emerging industries. Resource-based and evolutionary theories are combined to explain the genesis of a new business ecosystem. Two case studies of biopharm ventures developing drugs against cancer showed how participants altered their selection environment as they enhanced their network's capability. Resource building took place at the firm and network level through collaborative business models involving innovative contractors. This approach uncovered previously unnoticed features of networks for drug development: resource asynchronies were found to be a stimulus to innovation in development networks, as in the Penrosean firm.

Suggested Citation

  • Elizabeth Garnsey & Yuen Yoong Leong, 2008. "Combining Resource-Based and Evolutionary Theory to Explain the Genesis of Bio-networks," Industry and Innovation, Taylor & Francis Journals, vol. 15(6), pages 669-686.
    • Handle: RePEc:taf:indinn:v:15:y:2008:i:6:p:669-686
    DOI: 10.1080/13662710802565271
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    Cited by:

    1. Rishi Kant Kumar & Srinivas Subbarao Pasumarti & Ronnie Joshe Figueiredo & Rana Singh & Sachi Rana & Kumod Kumar & Prashant Kumar, 2024. "Innovation dynamics within the entrepreneurial ecosystem: a content analysis-based literature review," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-15, December.
    2. Overholm, Harald, 2015. "Spreading the rooftop revolution: What policies enable solar-as-a-service?," Energy Policy, Elsevier, vol. 84(C), pages 69-79.
    3. Miozzo, Marcela & DiVito, Lori, 2016. "Growing fast or slow?: Understanding the variety of paths and the speed of early growth of entrepreneurial science-based firms," Research Policy, Elsevier, vol. 45(5), pages 964-986.
    4. Li Zhang & Yingqi Liu & Ari Kokko, 2019. "Does Ownership Determine Business Model?," Sustainability, MDPI, vol. 11(11), pages 1-21, June.
    5. Dedehayir, Ozgur & Mäkinen, Saku J. & Roland Ortt, J., 2018. "Roles during innovation ecosystem genesis: A literature review," Technological Forecasting and Social Change, Elsevier, vol. 136(C), pages 18-29.
    6. Dedehayir, Ozgur & Mäkinen, Saku J. & Ortt, J. Roland, 2022. "Innovation ecosystems as structures: Actor roles, timing of their entrance, and interactions," Technological Forecasting and Social Change, Elsevier, vol. 183(C).
    7. Shuai Shao & Zhigao Hu & Jianhua Cao & Lili Yang & Dabo Guan, 2020. "Environmental Regulation and Enterprise Innovation: A Review," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1465-1478, March.
    8. Gomes, Leonardo Augusto de Vasconcelos & Facin, Ana Lucia Figueiredo & Salerno, Mario Sergio & Ikenami, Rodrigo Kazuo, 2018. "Unpacking the innovation ecosystem construct: Evolution, gaps and trends," Technological Forecasting and Social Change, Elsevier, vol. 136(C), pages 30-48.
    9. Marcela Miozzo & Lori DiVito, 2020. "Productive opportunities, uncertainty, and science-based firm emergence," Small Business Economics, Springer, vol. 54(2), pages 539-560, February.
    10. Bruce Rasmussen, 2010. "Innovation and Commercialisation in the Biopharmaceutical Industry," Books, Edward Elgar Publishing, number 13680.
    11. Granstrand, Ove, 2024. "A cooperative game theory systems approach to the value analysis of (innovation) ecosystems," Technovation, Elsevier, vol. 130(C).
    12. Silva, Lucas Emmanuel Nascimento & Gomes, Leonardo Augusto de Vasconcelos & Faria, Aline Mariane de & Borini, Felipe Mendes, 2024. "Innovation processes in ecosystem settings: An integrative framework and future directions," Technovation, Elsevier, vol. 132(C).
    13. Arho Suominen & Ozgur Dedehayir, 2017. "Pathways To A Drug: A Mixed Methods Analysis Of Emergence," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 21(08), pages 1-17, December.
    14. Haisen Wang & Gangqiang Yang & Jiaying Qin, 2020. "City Centrality, Migrants and Green Inovation Efficiency: Evidence from 106 Cities in the Yangtze River Economic Belt of China," IJERPH, MDPI, vol. 17(2), pages 1-21, January.
    15. Wu Zhao & AnQi Wang & Yun Chen, 2019. "How to Maintain the Sustainable Development of a Business Platform: A Case Study of Pinduoduo Social Commerce Platform in China," Sustainability, MDPI, vol. 11(22), pages 1-26, November.

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