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People also ask
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What is strategic use of technology business strategy?
The definition of technology strategy is the creation of an overall business plan which consists of principles, objectives, and tactics for using technology to achieve organizational objectives.
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What is a commercialization strategy?
A commercialization strategy is a plan that outlines how to bring a product or service to the market. It includes the market research, customer segmentation, product positioning, pricing, and distribution strategies necessary to bring a product or service to the public.
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What is technology commercialization strategy?
Technology commercialization is the process of transitioning technologies from the research lab to the marketplace. This activity is complimentary to the process of publishing research findings.
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What is an example of a commercialization strategy?
For example, if a small bakery is known for its cinnamon rolls and has sold them with great success, it can commercialize its products by selling the packaged cinnamon rolls to local grocery stores, where others can buy the pastries and the bakery can increase its sales by multiple factors.
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What is the technology Commercialisation strategy?
Technology commercialization is the process of taking an idea to market and creating financial value with it – typically through licensing an invention, developing a new product or service, or creating a new business.
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