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Business Strategy for Nanotechnology based Products and Services

Author

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  • Aithal, Sreeramana
  • Aithal, Shubhrajyotsna

Abstract

The applications of nanotechnology in different identified areas provide lots of business opportunities. It includes Food, Medicine, Cleaner water, Better quality air, Electronics, Fuel Cells, Solar Cells, Batteries, Space Travels, Chemical sensors, Sporting goods, Fabrics, Cleaning products, Energy, Environment, Health, and Life span increase. The paper covers the applications, and benefits of nanotechnology innovations in different industries, possible business opportunities for new nanotechnology based products and services due to challenges for human prosperity on earth, and the global strategy on nanotechnology business with an expected time scale and future possibilities of nanotechnology innovations based on products and services in the field and the magic (like science fictions) going to happen in human life. In this paper, important nanotechnology features and their usage in industry, various products and services based on nanotechnology innovations and Business Strategy for them are identified. Applications & benefits of NT in Agriculture, Food packing & Clean water, in Renewable Energy & Storage, and in Medicine are discussed. Various Business Opportunities for New Nanotechnology based Products and Services, Developing a global strategy for Nanotechnology Business including PEST analysis model and ABCD analysing framework. Finally, some of the Future possibilities of nanotechnology innovations are mentioned and discussed.

Suggested Citation

  • Aithal, Sreeramana & Aithal, Shubhrajyotsna, 2016. "Business Strategy for Nanotechnology based Products and Services," MPRA Paper 71766, University Library of Munich, Germany, revised Apr 2016.
    • Handle: RePEc:pra:mprapa:71766
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    References listed on IDEAS

    as
    1. Aithal, Sreeramana & Aithal, Shubhrajyotsna, 2015. "A Review on Anticipated Breakthrough Technologies of 21st Century," MPRA Paper 71382, University Library of Munich, Germany.
    2. Aithal, Sreeramana, 2015. "Study on ABCD Analysis Technique for Business Models, Business Strategies, Operating Concepts & Business Systems," MPRA Paper 71989, University Library of Munich, Germany.
    3. Aithal, Sreeramana, 2016. "The concept of Ideal Strategy and its realization using White Ocean Mixed Strategy," MPRA Paper 71770, University Library of Munich, Germany.
    4. Aithal, Sreeramana & Aithal, Shubhrajyotsna, 2015. "Ideal Technology Concept & its Realization Opportunity using Nanotechnology," MPRA Paper 71380, University Library of Munich, Germany.
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    Cited by:

    1. Aithal, Sreeramana & Aithal, Shubhrajyotsna, 2016. "Opportunities & Challenges for Green Technology in 21st Century," MPRA Paper 73661, University Library of Munich, Germany.
    2. Aithal, Sreeramana, 2016. "Review on Various Ideal System Models Used to Improve the Characteristics of Practical Systems," MPRA Paper 74395, University Library of Munich, Germany, revised 20 Sep 2016.
    3. Aithal, Sreeramana & Aithal, Shubhrajyotsna, 2020. "Implementation Strategies of Higher Education Part of National Education Policy 2020 of India towards Achieving its Objectives," MPRA Paper 104475, University Library of Munich, Germany.
    4. Aithal, Sreeramana & Aithal, Shubhrajyotsna, 2016. "Nanotechnology Innovations and Commercialization – Opportunities, Challenges & Reasons for Delay," MPRA Paper 72337, University Library of Munich, Germany.

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    More about this item

    Keywords

    Nanotechnology applications; Business based on Nanotechnology products & services; Global strategies to be used in Nanotechnology business.;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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