NDLI: A Business Model for Transforming Nanotechnology to Nanobusinesses: The Chinese dualistic philosophy perspective

Content Provider	IEEE Xplore Digital Library
Author	Chung-Jen Chen Hsueh-Liang Wu Chuan-Chuan Tseng
Copyright Year	2006
Description	Author affiliation: Graduate Inst. of Bus. Adm., Nat. Cheng Kung Univ., Tainan (Chung-Jen Chen; Hsueh-Liang Wu; Chuan-Chuan Tseng)
Abstract	Nanotechnology has been recognized as an emerging technology driver critical for the competitive advantage of the firms in the near future. Many technological and market efforts have been done in practical world to explore the applications of nanotechnology in the existing or new businesses. New business model has become a critical concern for the business managers and entrepreneurs in dealing with the emerging technology. Owning to the increasing importance and the unique characteristics of nanotechnology, this paper draws on an extensive review of business model literature and Chinese dualistic philosophy to outline a nanobusiness model. The proposed nanobusiness model include two central parts (strategy and tactics), four components (strategic scanning, strategic positioning, knowledge management, and risk management) and eight elements (take multiple bets, regularly validate the commercial opportunity, "business targeting, value proposition, open innovation, core technologies platform, managing the customer's purchasing process, and harvesting the low hanging fruits. Theoretical and practical implications are discussed
Starting Page	1094
Ending Page	1098
File Size	76640
Page Count	5
File Format	PDF
ISBN	142440147X
DOI	10.1109/ICMIT.2006.262392
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2006-06-21
Publisher Place	Singapore
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Technological innovation Chinese dualistic philosophy Uncertainty Predictive models Strategic planning nanobusiness Knowledge management Technology management nanotechnology Risk management Virtual manufacturing business model Nanotechnology Business
Content Type	Text
Resource Type	Article

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4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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