Year of Award
Master of Business Administration (MBA)
College of Business & Professional Studies
genetics, government, science, agriculture
The adventures of the fifteenth and sixteenth century explorers Magellan, Vasco da Gama, and Columbus have long been chapters in history books. Furthermore, no one nowadays is heading west in a covered wagon in search of new lands to settle. It seems there are no more unchartered territories to conquer. But the quest for harnessing the unknown is continuing today with scientists leading the way. Biotechnology is a major research science for which scientists are going to the further most extent to explore the unknown pleasures that are awaiting the scientific business world.
The purpose of this research paper is to evaluate the problems and prospects facing the American Biotechnology Industry. This research paper has been divided into four parts. Part I gives an overview of the American Biotechnology Industry and further discusses the industrial applications of biotechnology with regards to health-care, agriculture, food processing, chemicals and pollution control. It also gives us a general idea of the various Federal agencies that are actively involved with the Biotechnology Industry. Part II discusses the problems concerning the American Biotechnology Industry, such as social and ethical issues, limited financing for research and development, risk involved with the biotechnology industry and the problems faced by existing 1 products because of the entry of new products. On the other hand Part III of this research paper focuses on the prospects of the American biotechnology industry for 1992 and the future. Part IV provides a summary and presents the author's conclusion.
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This work is licensed under a Creative Commons Attribution-No Derivative Works 4.0 License.
Verma, Nomeet, "An Evaluation of the Problems and Prospects Facing the American Biotechnology Industry" (1992). Theses, Dissertations, and Capstone Projects. 321.
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