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Nanotechnology and business opportunities: scenarios as awareness instrument

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  • WHC Knol

    (Qeam)

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://128.118.178.162/eps/dev/papers/0501/0501003.pdf
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Bibliographic Info

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
Date of revision:
Handle: RePEc:wpa:wuwpdc:0501003

Note: Type of Document - pdf; pages: 12
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  1. Marco van Gelderen & Roy Thurik & Micheal Frese, 2000. "Strategies, uncertainty and performance of small business startups," Scales Research Reports H200001, EIM Business and Policy Research.
  2. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S71-102, October.
  3. 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.
  4. 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.
  5. Paula E. Stephan, 1996. "The Economics of Science," Journal of Economic Literature, 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.
  2. Knol, W.H.C., 2005. "Small-scale technologies for energy innovations: role and implication directions," MPRA Paper 1325, University Library of Munich, Germany.

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