Query: What Iranian nationalized industry has been noncompetitive and managed badly? 
Context: Iran has also developed a biotechnology, nanotechnology, and pharmaceuticals industry. However, nationalized industries such as the bonyads have often been managed badly, making them ineffective and uncompetitive with years. Currently, the government is trying to privatize these industries, and, despite successes, there are still several problems to be overcome, such as the lagging corruption in the public sector and lack of competitiveness.