Business Models in the Commercialization Processes of Innovation Among Small High-Technology Firms

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.

Structural equations model to analyze the incidence of variables related to innovation management in organizations

“…This confirms the importance of developing innovation management from market studies and sustaining it with successful business strategies. 18,28,34,46 Finally, the incidence of the intellectual property management, recognized by Hsueh and Chen, 47 as part of innovation management was also confirmed, although this was the perspective of less impact. 48,49 The major contributions of this research are focused on two aspects.…”

“…This confirms the importance of developing innovation management from market studies and sustaining it with successful business strategies. 18,28,34,46…”

“…Market research; communication actions Brexendorf et al, 18 Hacklin and Wallin, 45 and Pellikka and Malinen. 46…”

A Comparative Study of Teachers’ Perspectives about Commercialization of Education at Elementary Level in Punjab

“…Commercialization involves six channels of entrepreneurial actions leading to sources of innovations, classification of innovation, market capacity, protection, advancement, and deployment (Datta, Reed & Jessup, 2013). Pellikka and Malinen (2014) showed that business models create operative commercialization process which assists individuals to plan the active delivery system through the research and development process phases. Practically and theoretically, commercialization of academics and industry relationship is considered as vital important challenge.…”

Determinants of Business Model Maturity

“…Powell, Koput, and Smith-Doerr (1996) confirm the role of social and relational capital as determinants in the survival of the company on the market in the long term. Relational capital, including the vertically linked delivery chain, is very important in the case of small high-technology companies whose partnerships should strive to find mutually created value as expected by customers (Pellikka and Malinen, 2014).…”