The author tackles the issue
of technology commercialization, characterizing it as a dynamic process that proceeds
through five stages: 1) imagining, 2) incubating, 3) demonstrating, 4) promoting, and 5)
sustaining. Contrary to traditional approaches, which emphasize a linear progression from
research, through development, to engineering, production, and marketing, Jolly focuses on
the benefits of an underlying "dual insight," a commitment to scientific rigor
and market orientation from the outset. From this perspective, he develops a framework for
achieving successful technology commercialization by identifying the key functions, value
outcomes, and stakeholders at each stage of the technology's evolution, and focusing on
the resources required to progress from one stage to the next. Drawing on scores of case
examples from a wide variety of industries, Jolly highlights both successful and
unsuccessful attempts at technology commercialization, and makes the case for a new
approach to R&D management based on specialization by stage rather than by function.
In so doing, he explores the implications for managing technology investments over short-
and long-term time horizons.
Subjects Covered:
Design management, General management, High technology products, Innovation, Innovation
& entrepreneurship, Market research, Marketing, Operations management, Product design,
Product development, Product life cycle, Research & development, Technology.
402 pages