Achieving Competitive Advantage In The Biotechnology Sector Commerce Essay

Achieving Competitive Advantage In The Biotechnology Sector Commerce Essay Biotechnology can be generally defined as the use of living things to create products or to do tasks for human beings. Biotechnology or biotech is used in industry, medicine and agriculture to produce foods, medicine, and test for diseases and remove wastes. (Biotechnologyonline, n.d) As such, there are different types of biotech such as green technology, red technology, and white technology and Bio fuels. In this report, we will have an insight into each of these branches of biotech and use various analytical tools to evaluate how knowledge management is playing a role in creating competitive advantage for companies in the sector. In so doing, we shall look at the Green biotech, Red biotech, White biotech and bio fuel respectively. Green Biotechnology Green technology, otherwise known as plant or agricultural technology is a branch of biotechnology (biotech) which â€Å"involves the introduction of foreign genes into economically important species, resulting in crop improvement an d the production of novel products in plants†. (123biotech, n.d.). To better understand the role of knowledge management in harnessing a competitive advantage in this branch of biotechnology, we will take Monsanto as case example. Monsanto is the world’s leading green technology company ahead of rival such as DuPont. (SmartMoney, 2009). The company specialises in breeding (improving the genetic base through technology of crops thus increase yield and genetic engineering (by enhancing generic traits in crops such as insect resistance, herbicide tolerance and drought-tolerance). (SmartMoney, 2009 and Monsanto, n.d.) As with its sister braches such as bioinformatics, white technology(industrial biotechnology), red technology(pharmaceuticals) as well as biofuels, green technology and companies associated with it like Monsanto, are not left unscathed by critics. For instance, Monsanto and its counterpatrs , through its use of plant technology has been criticised of endangeri ng human, the environment and socio-economic.( Friends of the earth, 2006). Significance of Green Technology However, the following advantages are beign celebrated by its supporters: Protection of Crops: for instance, the AT-DBF2 gene from Arabidopsis Thaliana crop injected into plants to enable them withstands Osmotic stress such as drought, salt and stress. (PNAS, n.d.) Increase Crop yield: during the teething years of biotechnology in term of Genetically Modified Food, there has been a widespread criticism of GMO claiming that GM Crops do not increase crop yield, that on the contrary it, reduces it. (Truth about Trade and Technology, 2009). These claims were dismissed by the then USA president Jimmy Carter who stated that, â€Å"responsible biotechnology is not the enemy; starvation is.† (Biotechnology Industry Organisation, n.d.)His favourable stance towards green biotechnology because of organisms like the Bacillus Thuringiensis used to produce the BT-corn. Introduces in 1996, the â€Å"Bt corn has the potential to simplify management and effectively control corn borers throughout the season† thus increasing its yield. (College of Agriculture, n.d.) Improved Food Quality: an example of this was the invention of the Golden Rice by Prof Potrykus and Prof. Beyer of ETH-Zurich and University of Freiburg respectively. The Golden rice is believed to alleviate Vitamin A deficiency in young people especially in the developing world. (Golden Rice, n.d.) Another example is the Maltogenic Amylase used for â€Å"Retardation of staling in baked food†, such as bread and cakes. (Food and Agriculture Organisation, 1997)