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Business Models In The Commercialization Processes Of Innovation Among Small High-Technology Firms

Author

Listed:
  • JARKKO TAPANI PELLIKKA

    (Nokia Corporation, Continuous Improvement Unit, Espoo, Finland)

  • PASI MALINEN

    (BID Business and Innovation Development, University of Turku, Turku, Finland)

Abstract

Small technology firms are currently facing increasingly severe competition in a dynamic business environment where an effective commercialization process may secure the survival of a venture and provide key benefits such as increases in turnover, profits and market share. However, technology firms have to be able to create the suitable business model for a new product commercialization in order to realize the economical potential and value. Therefore, it is important to increase our knowledge about the utilized business models in high technology sectors and their role as a part of new product commercialization and innovation management. Using data from 12 small technology firms, this study shows that business model creates an operational level of commercialization process and it can help managers to plan the value delivery through the process phases. Despite the trend toward opening up research and development and commercialization processes in the high technology fields, small high technology firms in this study seems to pursue more closed approaches to R&D than in other business functions such as marketing and sales.

Suggested Citation

  • Jarkko Tapani Pellikka & Pasi Malinen, 2014. "Business Models In The Commercialization Processes Of Innovation Among Small High-Technology Firms," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 11(02), pages 1-20.
    • Handle: RePEc:wsi:ijitmx:v:11:y:2014:i:02:n:s0219877014500072
    DOI: 10.1142/S0219877014500072
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    Citations

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    Cited by:

    1. Anna Bialek-Jaworska & Renata Gabryelczyk & Agnieszka Pugaczewicz, 2016. "Determinants of Business Model Maturity (Determinanty dojrzalosci modeli biznesowych)," Research Reports, University of Warsaw, Faculty of Management, vol. 1(20), pages 7-23.
    2. Baharudin Kadir & Mohd Farid Shamsudin, 2019. "A Case Study Analysis of Typhidot: An Example of Market-Oriented R&D Commercialization in Malaysia," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 75-81, August.
    3. Ghulam Hyder & Muhammad Arshad & Iftikhar Ahmad Baig, 2019. "A Comparative Study of Teachers9apos9 Perspectives about Commercialization of Education at Elementary Level in Punjab," Global Regional Review, Humanity Only, vol. 4(3), pages 179-186, September.
    4. Yi, Yaqun & Chen, Yu & Li, Dan, 2022. "Stakeholder ties, organizational learning, and business model innovation: A business ecosystem perspective," Technovation, Elsevier, vol. 114(C).
    5. Muhammad Anwar, 2018. "BUSINESS MODEL INNOVATION AND SMEs PERFORMANCE — DOES COMPETITIVE ADVANTAGE MEDIATE?," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 22(07), pages 1-31, October.

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