Subject category:
Strategy and General Management
Published by:
International Institute for Management Development (IMD)
Version: 15.09.2006
Length: 17 pages
Data source: Field research
Abstract
Optima Environment SA, a biotech start-up in Switzerland, has developed an environmentally safe alternative to chemicals used in the water treatment industry using a plant based extract. Subsequent research has led to discoveries of proteins with medicinal properties and an oil extract with several cosmetics applications. With limited resources and promising opportunities in multiple industries, the company must attempt to break into markets where it has no prior experience and generate a revenue stream to keep it afloat through the complex sales cycle in introducing (potentially) disruptive technologies in existing industries. The case study discusses elements of entrepreneurship, business strategy, and new product development within mature industries as well as the importance of developing strategic alliances to enter new markets. A video ''IMD-3-1433-V'' is available to accompany this case.
Location:
Size:
Small, sales
Other setting(s):
December 2003
About
Abstract
Optima Environment SA, a biotech start-up in Switzerland, has developed an environmentally safe alternative to chemicals used in the water treatment industry using a plant based extract. Subsequent research has led to discoveries of proteins with medicinal properties and an oil extract with several cosmetics applications. With limited resources and promising opportunities in multiple industries, the company must attempt to break into markets where it has no prior experience and generate a revenue stream to keep it afloat through the complex sales cycle in introducing (potentially) disruptive technologies in existing industries. The case study discusses elements of entrepreneurship, business strategy, and new product development within mature industries as well as the importance of developing strategic alliances to enter new markets. A video ''IMD-3-1433-V'' is available to accompany this case.
Settings
Location:
Size:
Small, sales
Other setting(s):
December 2003