Corporate Entrepreneurship; a Solution for Commercialization of Technological Research Findings in Research and Technology Organizations (RTOs)
Journal Title: Roshd-e-Fanavari - Year 2011, Vol 7, Issue 26
Abstract
"RTOs' missions are for technology development and carry out complicated commercialization processes. Commercialization of technological research findings is so costly for RTOs that they can not carry out commercialization process by themselves. In the other hand, industries which are in competitive environment, for sustainable growth require superior new products and technologies which enable them in competitive scope. Industries often have frequent financial and human resources and this leads to their advantage to commercialization process, because those assets provide possibility for adapting huge risk. The lost ring in this chain is the link between RTOs as the developer of technology and industries as the adapter of technology. Entrepreneurship could solve this problem by providing this lost ring and linking RTOs and industries. Corporate entrepreneurship is one of the entrepreneurship types and is defined as some entrepreneurship among the available corporate companies. Entrepreneurship looks for introducing new products and organizational systems in the scope of corporate. Entrepreneurship has five different kinds and each of them carries out entrepreneurship in its own style. Among these, Acquisitive and Opportunistic entrepreneurship have the highest fitness to enrich and enhance coexisting relation between industries and RTOs to commercialize technological findings."
Authors and Affiliations
Reza Bandarian
Keywords
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