Identification of the Technology Commercialization Strategies of    High-Tech Small Firms
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Identification of the Technology Commercialization Strategies of High-Tech Small Firms Article Summary Sorin Sorlescu 5004 - Technology Innovation Management June 25 2009. Objective. Identify the innovative high-tech small companies by checking their “business models”

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Identification of the Technology Commercialization Strategies of High-Tech Small FirmsArticle SummarySorin Sorlescu5004 - Technology Innovation ManagementJune 25 2009


Objective
Objective Strategies of High-Tech Small Firms

  • Identify the innovative high-tech small companies by checking their “business models”

  • Propose a cost effective method by searching companies web sites

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Deliverables
Deliverables Strategies of High-Tech Small Firms

  • A taxonomy of highly innovative small high-tech firms

  • A classification of the commercialization strategies used by the highly innovative small high-tech companies

  • A cost effective method of identifying the commercialization strategies

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Literature review
Literature review Strategies of High-Tech Small Firms

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Literature review cont
Literature review (cont) Strategies of High-Tech Small Firms

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Research method
Research Method Strategies of High-Tech Small Firms

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Research method cont
Research Method (cont) Strategies of High-Tech Small Firms

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Research method cont1
Research Method (cont) Strategies of High-Tech Small Firms

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Factor analysis output
Factor Analysis Output Strategies of High-Tech Small Firms

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Factors
Factors Strategies of High-Tech Small Firms

Factor 1: Science-based product/service

1. Research (0.79)

a. R&D OR Research and Development (0.76)

i. Research and Development AND company (0.75)

ii. Research and Development AND organization (0.58)

2. Clinical trial (0.70)

3. Novel (0.74)

4. Discovery (0.69)

5. Professor (0.60)

6. Collaboration OR Collaborating (0.71)

7. Pipeline (0.63)

8. University OR Universities (0.57)

9. Expertise (0.56)

10. Commercialize AND Research (0.59)

11. FDA (0.48)

12. Proprietary (0.47)

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Factors1
Factors Strategies of High-Tech Small Firms

Factor 2: R&D organization or contractor

1. R&D AND Testing (0.93)

2. Contract AND Research (0.81)

3. Technology Development (0.72)

4. Contract OR Subcontract (0.49)

5. Consulting (0.59)

6. Research AND testing (0.55)

7. Machines OR machining (0.45)

Factor 3: Product solutions provider

1. Capability (0.51)

2. Product AND Performance (0.55)

3. Solution (0.57)

a. (System AND Integration) OR (System AND Solution) (0.65)

b. Total AND Solution (0.70)

4. Cost AND Effective (0. 54

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Factors2
Factors Strategies of High-Tech Small Firms

Factor 4: Service solutions provider

1. Integration (0.61)

2. Solution (0.49)

3. Enabling (0.64)

4. Consulting (0.63)

5. Module OR Modular (0.62)

6. Government (0.42)

7. Provider (0.56)

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Factors3
Factors Strategies of High-Tech Small Firms

Factor 5: highly specialized component/module/consumable or raw materials supplier

1. Assembly (0.41)

2. Accessories(0.41)

3. Contract OR subcontract (0.61)

4. Improve (0.54)

5. OEM (0.59)

6. Unmatched (0.41)

7. Maintenance (0.66)

Factor 6: Specialized subcontractor

1. Integrated (0.65)

2. Custom (0.64)

3. Efficiency (0.58)

4. Component (0.54)

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Graphical representation
Graphical Representation Strategies of High-Tech Small Firms

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References
References Strategies of High-Tech Small Firms

Hicks, D.; Libaers, D.; Porter, L. & D. Schoeneck. 2006. Identification of the Technology Commercialization Strategies of High-tech Small Firms. Small Business Research Summary. December. Available at: http://www.sba.gov/advo/research/rs289tot.pdf.

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