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By Michael Szycher

"Commercializing a knowledge-based services or products calls for a practical, methodical method mixed with loads of perseverance. Commercialization secrets and techniques for Scientists and Engineers serves as a high-level advisor to answering key questions and demanding concerns that confront founding marketers on their quest to commercialize their knowledge-based thoughts. It highlights the original difficulties shared by Read more...

summary: "Commercializing a knowledge-based services or products calls for a practical, methodical process mixed with loads of perseverance. Commercialization secrets and techniques for Scientists and Engineers serves as a high-level advisor to answering key questions and demanding concerns that confront founding marketers on their quest to commercialize their knowledge-based ideas. It highlights the original difficulties shared by way of all technologists throughout knowledge-intensive fields and the way to beat the main predictable hindrances confronted by way of expertise marketers. It demystifies the method of commercializing complicated items that require a excessive measure of specialised wisdom. often, those are "disruptive applied sciences" with the capability to revolutionize entire industries. The publication simplifies the release of high-tech ventures comparable to prescribed drugs, genetic and biotechnology items, instant units, gas cells, and minimally invasive scientific units. also, it is going to support readers deliver their disruptive applied sciences to profitability. deals key descriptions of the commercialization approach from thought to profitability Discusses enterprise improvement on the cheap Covers preliminary judgements, resembling even if to shape a partnership or proprietorship, industry concentration, pricing, investment, and so forth Describes matters regarding product release Uncovers pathways to changing into ecocnomic"

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3. 3 Companies introducing a new product or process innovation (2008–2010, in percentage). (From National Science Foundation, National Center for Science and Engineering Statistics. Science and Engineering Indicators. 3 Core Competencies of Innovation Behavior Patterns 1. Creativity 2. Enterprising 3. Integrating perspectives 4. Forecasting 5. ” Innovation competencies are a group of behavior patterns that result from a critical mass of knowledge, skills, and abilities, combined with motivation and persistence.

Technological innovation is developing and utilizing new products and processes, and demands novelty in the product/process/service and/or application. Innovation therefore includes not only development of entirely new products, processes, and services that create new applications but also development of new products, processes, and services for use in existing applications. Examples include integrated circuits replacing vacuum tubes in electronic applications and manufacturers of flat panel displays adapted semiconductor manufacturing equipment to their needs.

Disruptive innovations, sometimes referred to as breakthrough innovations, destroy the competencies of incumbent firms in an industry. Breakthrough innovations are generally considered “out-of-the-blue” solutions that cannot be compared to any existing practices or techniques. These innovations employ enabling technologies (a technology that can be applied to drive radical change) and create new markets. Most breakthroughs are developed by R&D groups that often have not thought specifically about a particular commercial market application.

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