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Nanotechnology and business opportunities: scenarios as awareness instrument

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Author Info
WHC Knol (Qeam)

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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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Paper provided by EconWPA in its series Development and Comp Systems with number 0501003.

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Length: 12 pages
Date of creation: 03 Jan 2005
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Handle: RePEc:wpa:wuwpdc:0501003

Note: Type of Document - pdf; pages: 12
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Web page: http://129.3.20.41

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O - Economic Development, Technological Change, and Growth
P - Economic Systems

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References listed on IDEAS
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  1. Audretsch, David B, et al, 2002. " The Economics of Science and Technology," The Journal of Technology Transfer, Springer, vol. 27(2), pages 155-203, April. [Downloadable!] (restricted)
  2. Berry, Maureen M. J. & Taggart, James H., 1998. "Combining technology and corporate strategy in small high tech firms," Research Policy, Elsevier, vol. 26(7-8), pages 883-895, April. [Downloadable!] (restricted)
  3. van Gelderen, Marco & Frese, Michael & Thurik, Roy, 2000. " Strategies, Uncertainty and Performance of Small Business Startups," Small Business Economics, Springer, vol. 15(3), pages 165-81. [Downloadable!] (restricted)
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  4. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S71-102, October. [Downloadable!] (restricted)
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Cited by:
(explanations, 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.)

  1. Knol, W.H.C., 2005. "Small-scale technologies for energy innovations: role and implication directions," MPRA Paper 1325, University Library of Munich, Germany. [Downloadable!]
  2. WHC Knol, 2005. "Micro and nanotechnology commercialization: balance between exploration and exploitation," Development and Comp Systems 0501002, EconWPA. [Downloadable!]
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