Agile Methods for Boosting the Commercialization Process of New Technology

Nina Tura (), Lea Hannola () and Mikko Pynnönen ()
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Nina Tura: School of Business and Management, Lappeenranta University of Technology, P. O. Box 20, Lappeenranta 53851, Finland
Lea Hannola: School of Business and Management, Lappeenranta University of Technology, P. O. Box 20, Lappeenranta 53851, Finland
Mikko Pynnönen: School of Business and Management, Lappeenranta University of Technology, P. O. Box 20, Lappeenranta 53851, Finland

International Journal of Innovation and Technology Management (IJITM), 2017, vol. 14, issue 03, 1-23

Abstract: Challenges in innovation processes have influenced the development of agile methods, which are lighter and nimbler tools for development projects. This study elucidates the possibilities of agile methods for enhancing the effectiveness of innovation processes with the aim of quickly and successfully commercializing new technology. The focus is on different process phases of commercialization, from identifying the business potential to finalizing the innovation commercialization plan. As a result of the study, a novel, rapid, and agile process was created to improve the effectiveness of the technology-based innovation process, supporting the creation of more sustainable and valuable business models.

Keywords: Innovation process; agile methods; agile approach; commercialization; new product development; technology development; technology innovation (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (4)

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DOI: 10.1142/S0219877017500134

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