Authors: Sutopa Roy Lahiry; Krishnamachari Rangarajan
Addresses: Centre for MSME Studies, Indian Institute of Foreign Trade, New Delhi, 110016, India ' Centre for MSME Studies, Indian Institute of Foreign Trade, New Delhi, 110016, India
Abstract: This study analyses the use of patents by an Indian biotechnology entrepreneurial company which has taken a strategic and long-term view of patenting. It evaluates the journey of Biocon as an entrepreneurial organisation and analyses how the company uses patents as a strategic lever. After analysing the core competencies an analysis of the company's patent portfolio is done. Further, the strategic moves taken by the company, to generate its Intellectual Property (IP) wealth from its extensive research and development (R&D), to enable it to move up the drug discovery and development value chain are discussed (example of insulin manufacturing). It is further examined how the patents can be used, for targeting a product line and to obtain and sustainable competitive advantage. Finally, with the example of Biocon, the study elaborates on how the patents can be used as a strategic lever in the natural cycle of an entrepreneurial multinational enterprise.
Keywords: patents; strategy; entrepreneurial organisations.
Journal for Global Business Advancement, 2019 Vol.12 No.3, pp.356 - 381
Received: 21 May 2019
Accepted: 23 May 2019
Published online: 30 Jul 2019 *