Innovation and employee turnover in biotechnology companies: rethinking the role of strategic human resource management Online publication date: Wed, 21-Apr-2021
by Sahiba Sharma; Kavita Singh; Vikas Arya
World Review of Entrepreneurship, Management and Sustainable Development (WREMSD), Vol. 17, No. 2/3, 2021
Abstract: Biotechnology sector, a sunrise sector in India has now 2% global market share. The much needed push to the bioentrepreneurs in India has been given by Indian government recent initiatives. However, top management teams have been ignorant of the consequences of promoting scientists as managers with no managerial skills or of handling the Human Resource (HR) responsibilities to administrative or finance officer. The organisations have been moving on the path of encouraging a negative organisational culture that leads to the technically sound workforce with people management issues. Hence, the industry is facing low innovation and high employee turnover challenges. This study reviews and addresses the role of strategic human resource management in biotechnology companies by taking a dig in the existing common business models and discuss strategic HR role. The article sheds light on the importance of HR function in the changing biotech business scenario.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the World Review of Entrepreneurship, Management and Sustainable Development (WREMSD):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook