Micro and nanotechnology commercialization: balance between exploration and exploitation
Innovative 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.
References listed on IDEAS
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.:
- WHC Knol, 2005. "Nanotechnology and business opportunities: scenarios as awareness instrument," Development and Comp Systems 0501003, EconWPA.
- Knol, Erik, 2004. "Nanotechnology and business opportunities: scenarios as awareness instrument," MPRA Paper 31362, University Library of Munich, Germany.
When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpdc:0501002. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA)
If references are entirely missing, you can add them using this form.