|Key Performance Indicators | |Field of Biotechnology | | | |Study of performance indicators considering a case of Monsanto | | | |Nagarjuna Adiga | |4/4/2013 | | |
What is Biotechnology?
Biotechnology is technology based on biology, especially when used in agriculture, food science, and medicine. The UN Convention on Biological Diversity has come up with one of many definitions of biotechnology: "Biotechnology means any technological application that uses biological systems, living organisms, or derivatives thereof, to make or modify products or processes for specific use."
For thousands of years, humankind has used biotechnology in agriculture, food production and medicine. The term itself is largely believed to have been coined in 1919 by Hungarian engineer Karl Ereky. In the late 20th and early 21st century, biotechnology has expanded to include new and diverse sciences such as genomics, recombinant gene technologies, applied immunology, and development of pharmaceutical therapies and diagnostic tests.
Introduction to Monsanto
✓ American MNC founded in 1901 by John Queeny
✓ Headquartered in St. Louis, Missouri, United States
✓ A Fortune 500 company
✓ A pioneer in agribusiness with...
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