Commercialisation is the process of turning something into a product or service. The following are common examples.
ArtArt is often pursued for art's sake. That is to say, that art such as painting, sculpture, music and film is often driven by creative instinct as opposed to commercial intent. As such, commercialisation has somewhere negative connotations in creative professions.
GovernmentGovernments are typically designed to protect, preserve and improve the quality of life of communities. This is very different from the profit motive that drives the private sector. Nevertheless, it is common to commercialize certain government operations with techniques such as outsourcing.The term commercialization is often applied to the process of identifying internal business capabilities such as technologies, processes and knowledge that have potential to be a product.
Innovation differs from traditional product development in that it involves testing out a large number of ideas. In the context of innovation, commercialization is the process of selecting a prototype or business experiment for product development.
This is the complete list of articles we have written about innovation.
If you enjoyed this page, please consider bookmarking Simplicable.
A basic problem solving strategy that involves an iterative process of experimentation.
A definition of dry run with several business examples.
A definition of testbed with examples.
The common types of experiment control explained.
The definition of observational study with examples.
The common types of mockup.
A list of synonyms for innovation and innovative.
The definition of primary research with examples.
A few possible definitions of culture.
An overview of cosmopolitanism.
A list of subcultures.
An overview of culture of fear.
An overview of super culture with examples.
A definition of cultural superpower with examples.
When culture isn't ready for the future.
A definition of fine art.
A definition of cultural capital with examples.
An overview of global culture with examples.
TrendingThe most popular articles on Simplicable in the past day.
Recent posts or updates on Simplicable.
© 2010-2023 Simplicable. All Rights Reserved. Reproduction of materials found on this site, in any form, without explicit permission is prohibited.
View credits & copyrights or citation information for this page.