The emergence of the Internet as a commercial tool galvanized a gale of Schumpeterian investment and economic restructuring. In 2002 amidst the wreckage of that investment hurricane it should be interesting to reflect upon what was permanent and what appears to have been more fleeting. This paper uses the national system of innovation (NIS) framework to examine the context within which the Inte...

a r t i c l e i n f o New technology-based firms aim to create commercially successful products and services based on new technology. For example a startup company may be founded to commercialize a particular technology developed by a university. One of the key challenges is to identify which products and services are valuable for customers. However, the relevant knowledge is typically disperse...

This paper presents a synthetic framework identifying the central drivers of start-up commercialization strategy and the implications of these drivers for industrial dynamics. We link strategy to the commercialization environment – the microeconomic and strategic conditions facing a firm that is translating an " idea " into a value proposition for customers. The framework addresses why technolo...

T effects of appropriability on invention have been well studied, but there has been little analysis of the effect of appropriability on the commercialization of existing inventions. Exploiting a database of 805 attempts by private firms to commercialize inventions licensed from the Massachusetts Institute of Technology (MIT) between 1980 and 1996, we explore the influence of several appropriab...

The paper outlines the drivers behind the movement from products to solutions in the Hi-Tech Business-to-Business markets. The paper lists out the challenges in enabling the transformation from products to solutions and also attempts to explore strategic and operational recommendations based on the authors’ factual experiences with Japanese Hi-tech manufacturing organizations. Organizations in ...

T paper examines the possible impact of venture capital (VC) backing on the commercialization direction of technology-based start-ups by asking: To what extent (if at all) do VC-funded start-ups engage in cooperative commercialization strategies (strategic alliances or technology licensing, or both) relative to a comparable set of start-ups, and with what consequences? To address these question...

A r t i f i c i a l In te l l igence is being used wo r l d -w ide to p e r f o r m a var ie ty of f unc t i ons in business and indust ry . Th is panel w i l l present actual user experiences w i t h AI systems in use today, and w i l l describe problems, expected and unexpected, that arose d u r i n g the development, de l i ve ry , and maintenance of these systems. Solut ions f o r actual pr...