Micro and nanotechnology commercialization: balance between exploration and exploitation
AbstractInnovative materials, components, and systems based on micro and nanotechnologies are recognized as promising growth innovators. The coming years the commercialization of micro and nanotechnology will be extended, but in order to commercialize micro and nanotechnology successfully, besides exploration a parallel focus should be aimed at exploitation. This paper presents in a brief and non-exhaustive manor a theoretical introduction and two company introductions related to exploitation and exploration focus embedded in the innovation development process to commercialize customer-oriented applications. A balanced approach between exploration and exploitation within organizations business, technological, and scientific domain could sharpen micro and nanotechnology companies into sustainable competitive market-driven enterprises.
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Bibliographic InfoPaper provided by EconWPA in its series Development and Comp Systems with number 0501002.
Length: 5 pages
Date of creation: 03 Jan 2005
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-01-09 (All new papers)
- NEP-ENT-2005-01-09 (Entrepreneurship)
- NEP-INO-2005-01-09 (Innovation)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Knol, Erik, 2004. "Nanotechnology and business opportunities: scenarios as awareness instrument," MPRA Paper 31362, University Library of Munich, Germany.
- WHC Knol, 2005. "Nanotechnology and business opportunities: scenarios as awareness instrument," Development and Comp Systems 0501003, EconWPA.
- Dr. Shang-Yung Yen & Dr. Shawn H.E. Harmon & Dr. Shu-Mei Tang, 2013. "Nanotechnologies Big Governance Issues For The Science Of Small (In Taiwan And Beyond)," Far East Journal of Psychology and Business, Far East Research Centre, vol. 11(4), pages 50-72, April.
- Fiedler, Marina & Welpe, Isabell M., 2010. "Antecedents of cooperative commercialisation strategies of nanotechnology firms," Research Policy, Elsevier, vol. 39(3), pages 400-410, April.
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