Employment and management trends in the biotechnolgy industry

Abstract

This paper takes a look at the major influences on the biotechnology industry and how they are currently affecting employment and management trends. It takes a brief look at the impact of the economic environment, the pharmaceutical industry, the role of geography, the employment stages faced by the industry and the management issues. The dangers of making predictions are obvious: remember that when IBM was asked in 1947 how many computers the world would need, they thought five main frames would do it. The biotechnology industry is still in nappies. The human genome was only published in February 2001 and we do not really have any concept of where or how fast this will take our scientific knowledge. So, while buffeted by the winds of short-term political and economic agendas, there is an undercurrent of an industry that is learning and growing up.