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Nanotechnology and business opportunities: scenarios as awareness instrument

  • Erik Knol

    (Qeam)

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    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://econwpa.repec.org/eps/io/papers/0501/0501003.pdf
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    Paper provided by EconWPA in its series Industrial Organization with number 0501003.

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    Length: 12 pages
    Date of creation: 03 Jan 2005
    Date of revision:
    Handle: RePEc:wpa:wuwpio:0501003
    Note: Type of Document - pdf; pages: 12
    Contact details of provider: Web page: http://econwpa.repec.org

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    1. Paul Romer, 1989. "Endogenous Technological Change," NBER Working Papers 3210, National Bureau of Economic Research, Inc.
    2. van Gelderen, M. & Frese, M. & Thurik, R., 2000. "Strategies, Uncertainty and Performance of Small Business Startups," Papers 0001/e, NEUHUYS - RESEARCH INSTITUTE FOR SMALL AND MEDIUM.
    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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