Knowledge-based Entrepreneurship: The Organizational Side of Technology Commercialization
AbstractNew knowledge with commercial potential is continually created in academic institutions. How is it turned into economically valuable businesses? This paper argues that the transfer is an entrepreneurial process. To understand this, the actions and the constraints characteristic for the entrepreneurial reshaping of the division of labor must be recognized. In the case of knowledge-based entrepreneurship, specific constraints result from the peculiarities of scientific knowledge - epitomized by contrasting tacit and encoded knowledge. Scientifically trained labor is required for transferring both forms of knowledge. However, the mode of transfer differs crucially and shapes the organizational form of commercializing new scientific knowledge.
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Bibliographic InfoPaper provided by Max Planck Institute of Economics, Evolutionary Economics Group in its series Papers on Economics and Evolution with number 2005-04.
Date of creation: May 2005
Date of revision:
Other versions of this item:
- Ulrich Witt & Christian Zellner, 2005. "Knowledge-based entrepreneurship : The organizational side of technology commercialization," CEMI Working Papers cemi-report-2005-002, Ecole Polytechnique Fédérale de Lausanne, Collège du Management de la Technologie, Management of Technology and Entrepreneurship Institute, Chaire en Economie et Management de l'Innovation.
- L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
- M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-04-30 (All new papers)
- NEP-BEC-2005-04-30 (Business Economics)
- NEP-CBE-2005-04-30 (Cognitive & Behavioural Economics)
- NEP-ENT-2005-04-30 (Entrepreneurship)
- NEP-INO-2005-04-30 (Innovation)
- NEP-TID-2005-04-30 (Technology & Industrial Dynamics)
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- repec:cup:cbooks:9780521684156 is not listed on IDEAS
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