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Bridging the Gap in the Technology Commercialization Process: Using a Three-Stage Technology–Product–Market Model

Author

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  • Minseo Kim

    (Department of Management of Technology, School of Business, Konkuk University, 05029 Seoul, Korea)

  • Hyesu Park

    (Department of Management of Technology, School of Business, Konkuk University, 05029 Seoul, Korea)

  • Yeong-wha Sawng

    (Department of Management of Technology, School of Business, Konkuk University, 05029 Seoul, Korea)

  • Sun-young Park

    (Department of Management of Technology, School of Business, Konkuk University, 05029 Seoul, Korea)

Abstract

This study proposes a new “three-stage technology–product–market” model to analyze the technology commercialization process. This model revises the technology acceptance model to more accurately consider the market potential of new technologies from a consumer perspective. This approach can be used to supplement developers’ own evaluations of technology. To test the model empirically, an online survey of 350 end users was conducted regarding their intention to purchase the “Wireless USB,” which uses “Zing” technology and was developed by the Electronics and Telecommunications Research Institute. The data was used to test the model using a structural equations approach. We indirectly confirmed the existence of gaps in the technology commercialization process by verifying the mediating effects of the productization stage. Results suggest that end users may not purchase a product, even if they perceive the technology to be innovative; the product purchase intention is significantly influenced by its perceived value. Therefore, developers must understand the concept of technology value for productization in order to refine a technology according to market demand.

Suggested Citation

  • Minseo Kim & Hyesu Park & Yeong-wha Sawng & Sun-young Park, 2019. "Bridging the Gap in the Technology Commercialization Process: Using a Three-Stage Technology–Product–Market Model," Sustainability, MDPI, vol. 11(22), pages 1-16, November.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:22:p:6267-:d:284793
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    Cited by:

    1. JinHyo Joseph Yun & Xiaofei Zhao & KwangHo Jung & Tan Yigitcanlar, 2020. "The Culture for Open Innovation Dynamics," Sustainability, MDPI, vol. 12(12), pages 1-21, June.
    2. Kiwon Lee & Suchul Lee, 2021. "Knowledge Structure of the Application of High-Performance Computing: A Co-Word Analysis," Sustainability, MDPI, vol. 13(20), pages 1-20, October.
    3. Seonyeong Lim & Minseo Kim & Yeong-wha Sawng, 2022. "Design Thinking for Public R&D: Focus on R&D Performance at Public Research Institutes," Sustainability, MDPI, vol. 14(13), pages 1-20, June.
    4. Sandeep Singhai & Ritika Singh & Harish Kumar Sardana & Anuradha Madhukar, 2021. "Analysis of Factors Influencing Technology Transfer: A Structural Equation Modeling Based Approach," Sustainability, MDPI, vol. 13(10), pages 1-15, May.
    5. Minseo Kim & Seongbae Lim & Yeong-wha Sawng, 2022. "A Study on Growth Engines of Middle Market Enterprise (MME) of Korea Using Meta-Analysis," Sustainability, MDPI, vol. 14(3), pages 1-22, January.

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