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Factors Affecting Technology Innovation and Its Commercialisation in Firms

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  • Davar Azarmi

Abstract

This article aims to form a comprehensive list of influential elements on technology innovation and its commercialisation in firms and furthermore categorises and ranks them to assist managers and technology entrepreneurs in their decision making. 46 elements are derived from the literature and are organised under nine major factors. Also, by the opinions of 108 computer science university professors and using Friedman test, they are ranked based on their importance. The results show that the top three factors are about the attitude of a firm toward technology innovation (‘support’, ‘knowledge’ and ‘technology’) while the least influential factor is the firm's ‘ideology’. The results would help managers to assess their firms’ abilities regarding technology innovation and its commercialisation and assist them to determine where and how they should distribute their resources and concentrate their efforts.

Suggested Citation

  • Davar Azarmi, 2016. "Factors Affecting Technology Innovation and Its Commercialisation in Firms," Modern Applied Science, Canadian Center of Science and Education, vol. 10(7), pages 1-36, July.
    • Handle: RePEc:ibn:masjnl:v:10:y:2016:i:7:p:36
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    References listed on IDEAS

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    Cited by:

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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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