Essays on Biotech

Biography

I can describe myself as a highly accomplished entrepreneur. I have gained a great deal of experience in business startup, growth, as well as, exit. So far, I have been a Chief Executive Officer in three companies and my role in contributing to their success cannot go unrecognized. I started my career by establishing my biotechnology company, Volentix Pharmaceuticals. Starting this company was stimulating, exciting, and frightening at the same time. Nonetheless, this company did not operate for a long time due to some difficulties and hardships, but I did not lose hope. I learned a lot from this ...

As the population grows, the scientists try to search for the new sources of food. In the XXI century, biotechnology is able to provide the solution for the food problem. The biotechnology products use various types of feedstock, therefore it is a prospective trend for development and implementation into food industry. There are three aspects for assessing the food quality: nutritional value (composition), safety, taste & flavor, and nutrients availability. The nutritional value of milk is about proteins, sugars, fats, and energy content. The safety refers to presence of potentially hazardous chemicals (heavy metals ions, pesticides, fertilizers residuals, etc.), as ...

ANSWER TO QUESTION 1

Introduction Biotechnology is an innovative field where biological processes are applied for the provision of genetic manipulation for microorganisms for the production and commercialisation of antibiotics and hormones amongst others. Biotechnology is a process whereby scientists use various aspects of technology to modify genes and microorganisms of living things in order to attain specific goals in the organism in which it is done. The preliminary elements of this course has shown that biotechnology is carried out in both applied and pure research. In applied research, biotechnology is used for the provision of various solutions like medicines, treatment for incurable ...

Question 1

Biotechnological commercialization can have daring risks to the founders, the stakeholders, and the employees. The major risks include the failure to have enough funds to finance their activities, which mostly leads them to borrow a lot. The other problem is the production of commodities which the market does not need. The heavy post-commercialization duties paid to the government endanger the growth of biotechnological industries (Durai et al., 2006). The failure to secure strong partnerships in the business makes it a challenge for all the people operating the business. The lacks sufficient resources which can be used to secure and ...

Question 1: What role has venture capitalism played in the market place?

A very significant role has been played by venture capitalists (VCs), as with the focus on funding companies in the technology sector, has helped the Biotechnology sector to grow and prosper, in an independent manner, since, Biotech companies had to rely on partnerships with big Pharmaceuticals (Phillips, 2016). The Full value chain that is desired by Biotech players, is helped by the VCs, capabilities in terms of funding, and also importantly, providing networking contacts and business management experience to run the facility effectively.

Question 2: What differences exist between the pharmaceutical industry and the biotech industry?

The key difference amid traditional pharmaceutical and biotechnology industry is the method of production, in producing ...

Question 1: Why study Entrepreneurship

Studying entrepreneurship provides individuals with skills and knowledge of creating value through recognizing, exploiting, and developing new opportunities. Besides, it helps sharpen the decision-making skills of people in the face of scarce resources and stiff market competition. From the market analysis skills, entrepreneurs can create new products and services to satisfy unmet customers’ needs. This automatically translates into a competitive advantage with the reward being increased productivity, contribution to economic growth and high-profit margins.

Question 2: Role of innovation in entrepreneurship and emergence of biotech

Innovation is the creation of new products or services that offer new or improved solutions to existing or new problems. In entrepreneurship, innovation plays a ...

Thesis: Modern Biotechnology can be harnessed to improve the global economic welfare in such fields as agricultural production, improvement of production processes and biomedical research.

Introduction

Biotechnology, in its simplest form, can be defined as the type of technologies that are based on biology. In its umbrella meaning, the term refers to the use of cellular and molecular innovations to solve such world problems like food security, development of treatment for illnesses and conducting research with an aim of improving manufacturing processes. Sometimes, biotechnology is used to provide solutions like replacement of energy that is produced using processes that push ...

Rob Walker writes a critical review of Eric Schlosser’s book Fast Food Nation for The New York Times. The book, with its suggestive title, talks about America’s fast-food culture. It became controversial because it describes incriminating facts about fast-food chains in general, and McDonald’s in particular. While the book may appear to be flippant, its content is anything -but. Schlosser takes a jab at the fast-food process, from the meat to its marketing based on facts and observations. However, the veracity of some of his claims have been questioned and criticized by some, as was pointed ...

Introduction

Genetically modified organisms (GMOs) are arguably beneficial socioeconomically. However, there are rising concerns over the harm GMOs pose to the humans and their environment. The process of genetic modification entails altering the genetic composition of organisms to award them properties that are more desirable. According to Rifkin (17), the world is in transition toward a biotech age as illustrated by the advancement of GMOs. In the current society, the adoption of genetically engineered crops, such as soybeans, cotton, and corn, is widespread in the United States following two decades of concerns over consumer reception, and environmental and economic impact ( ...

Part one

Biodiversity is essential in the sustainability of the environment. In fact, lack thereof compromises the nature’s ability to adapt to environmental changes, therefore, enhancing its vulnerability. The development of science and technology paved the way for the incorporation of genetic engineering to living organisms. Precisely, since its introduction in 1996, many nations have embraced the conveniences offered by the genetic modification of crops to enhance their resistance and overall sustainability (Rifkin 15). This method is influential as it enables scientists to combat the development of a crop disease by altering the genetic composition of an organism. However, this ...

Article Summary

The US alfalfa hay has a high demand in China. The high protein content of the hay has made it quite a preferred feed for the cows among the dairy owners in China. Almost half of the alfalfa hay produced in the US is shipped to China. The exports of alfalfa hay to China had reached 785,000 tons in 2013 . But the exports have received a severe blow in recent times. The Chinese authorities have found the imports of hay from USA to contain a genetically modified strain of alfalfa which has not been approved by the government ...

Introduction

The growing shortages in food supplies, rapid climate change and increasing awareness of environment stewardship has all made eco farms an increasingly viable option. By reversing environmental deterioration, supporting local communities and balancing out community-ecosystem-market relations ("Solution: an eco-farming revolution," n.d.), eco farms are gradually replacing conventional forms of agricultural production, particularly as factory agri-products are becoming subject to mounting pressure not only from environmental groups but also from consumers growing more disillusioned by a combination of unhealthy products, price hikes and environmental damage. True, biotech industry appears to inform adoption of GM foods for international expansion and profit ...