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Nanotechnology and business opportunities: scenarios as awareness instrument

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  • Knol, Erik
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    Abstract

    For a few years now, nanotechnology has been recognised as a promising new growth innovator. This leads to a shift from the exploration of nanotechnology knowledge towards a phase of exploitation. The coming years this commercialisation of nanotechnology will be extended. Nanotechnology is a disruptive technology phenomenon, which leads to more difficulties in overseeing business opportunities. Additionally, the fact that high-tech small firms, especially those dealing with nanotechnology, are highly interested in developments in science and technology, begs the question how to stimulate the awareness for (new) business opportunities in nanotechnology within these firms. A promising strategy to stimulate learning and awareness of business opportunities in nanotechnology is the use of scenarios. These projections focused on uncertainty stretch the mental model of entrepreneurs and/or managers and have the ability to activate learning processes. This paper presents the (theoretical) fundaments of scenario usage in relation to the recognition of business opportunities in nanotechnology.

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    File URL: http://mpra.ub.uni-muenchen.de/31362/
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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 31362.

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    Date of creation: 25 May 2004
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    Handle: RePEc:pra:mprapa:31362

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    Related research

    Keywords: scenarios; business planning; high-tech small firms; nanotechnology; entrepreneurship;

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    1. Berry, Maureen M. J. & Taggart, James H., 1998. "Combining technology and corporate strategy in small high tech firms," Research Policy, Elsevier, Elsevier, vol. 26(7-8), pages 883-895, April.
    2. Paul Romer, 1989. "Endogenous Technological Change," NBER Working Papers 3210, National Bureau of Economic Research, Inc.
    3. Audretsch, David B, et al, 2002. " The Economics of Science and Technology," The Journal of Technology Transfer, Springer, Springer, vol. 27(2), pages 155-203, April.
    4. Paula E. Stephan, 1996. "The Economics of Science," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 34(3), pages 1199-1235, September.
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    Cited by:
    1. WHC Knol, 2005. "Micro and nanotechnology commercialization: balance between exploration and exploitation," Development and Comp Systems 0501002, EconWPA.

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