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Effective Commercialization Strategies for the R&D in the Area of Information & Communication Technology  

Sohn, So Young (Department of Computer Sciences and Industrial Systems Engineering, Yonsei University)
So, Hyoung Ki (Department of Computer Sciences and Industrial Systems Engineering, Yonsei University)
Publication Information
Journal of Korean Institute of Industrial Engineers / v.28, no.2, 2002 , pp. 201-215 More about this Journal
Abstract
In this paper, we use a structural equation model to diagnose success factors on commercialization of information and communication technology considering the characteristics of commercialization process in terms of the type of technology, technology provider and technology receiver. The results of our study indicated the following. The transferor's research ability has significant effects on the commercialization by small businesses with low R&D expenditure to sales ratio, and the business management ability plays an important role in the commercialization by the relatively large (over 100 employees) companies with low R&D expenditure ratio. During the commercialization of the technology independently researched by government run institute or university, the transferee's business management ability is crucial to success. To those companies which run the existing business with high R&D expenditure ratio, their ability to utilize technology is essential. When the independently researched technology is used in the new business, the companies' business management ability and the role of technology transfer center are the important factors on the commercialization. Based on these findings, we suggest some strategies to effectively promote R&D efforts for successful commercialization.
Keywords
commercialization; technology transfer; structural equation model;
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