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Micro and nanotechnology commercialization: balance between exploration and exploitation

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  • WHC Knol

    (Qeam)

Abstract

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.

Suggested Citation

  • WHC Knol, 2005. "Micro and nanotechnology commercialization: balance between exploration and exploitation," Development and Comp Systems 0501002, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpdc:0501002
    Note: Type of Document - pdf; pages: 5
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/dev/papers/0501/0501002.pdf
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    References listed on IDEAS

    as
    1. WHC Knol, 2005. "Nanotechnology and business opportunities: scenarios as awareness instrument," Development and Comp Systems 0501003, University Library of Munich, Germany.
    2. James G. March, 1991. "Exploration and Exploitation in Organizational Learning," Organization Science, INFORMS, vol. 2(1), pages 71-87, February.
    3. Knol, Erik, 2004. "Nanotechnology and business opportunities: scenarios as awareness instrument," MPRA Paper 31362, University Library of Munich, Germany.
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    Cited by:

    1. Dr. Shang-Yung Yen & Dr. Shawn H.E. Harmon & Dr. Shu-Mei Tang, 2013. "Nanotechnologies Big Governance Issues For The Science Of Small (In Taiwan And Beyond)," Far East Journal of Psychology and Business, Far East Research Centre, vol. 11(4), pages 50-72, April.
    2. Fiedler, Marina & Welpe, Isabell M., 2010. "Antecedents of cooperative commercialisation strategies of nanotechnology firms," Research Policy, Elsevier, vol. 39(3), pages 400-410, April.

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    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • P - Political Economy and Comparative Economic Systems

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