Sustainable Bio-Business Management
Bio–business – activities carried out by business organizations operating in the bioeconomy sector. Bioeconomy sector and bio-business organizations operating in it are unique in terms of management functions. First, the development of the bioeconomy sector is impossible without radical and disruptive innovation and sustainability. Radical innovations are related to the introduction of radically new technologies and sustainable management processes, they cause a lot of uncertainty for existing business models and companies, and lead to the need to create new sustainable business models. Disruptive innovations destroy an existing market and create a fundamentally new market. In addition, the bioeconomy sector is characterized by systemic rather than linear innovations, which are necessary to ensure sustainable circularity. Thus, innovation management becomes one of the cornerstones in the development of bioeconomy sector. Secondly, development of bioeconomy sector is characterized by cross-sectoral relations and includes many different sub-sectors. Thanks to cross-sectoral connections, limited biological resources can be used from energy and heat supply with the lowest added value to the production of pharmaceutical and cosmetic products with the highest value. For this reason, business planning and modelling, process and project management, human resource management and corporate social responsibility are characterized by specificity and including sustainability. Thirdly, the consequence of the development of the bioeconomy sector is newly created biological products not only from primary biological resources, but also from secondary biological resources and their waste. Thus, consumer behaviour and the search for markets for newly developed biological products are quite challenging activities for management specialists. All this presupposes the need to train specialists who can describe and explain the systems and processes of organizations and their management, social responsibility, and ethical behaviour, make reasonable and sustainable organizational management decisions, analyse unstructured problems, and propose solutions in business and public organizations and government institutions operating in bioeconomy sector.