Commercialization: Definition, Strategy & Examples
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Commercialization is a critical stage in the business cycle, marking the shift from the development of an idea, product, or service to its introduction in the market. In its broadest sense, … See more 1. Market ExpansionCommercialization provides an opportunity for businesses to reach new markets and expand their co… 1. Idea GenerationThis is the inception point where new product or service idea… 2. Feasibility AnalysisAfter an idea is generated, it is evaluated for its practical… 1. Market Penetration StrategyThis strategy involves introducing a new product or service in the current market. Companie…
1. Market ExpansionCommercialization provides an opportunity for businesses to reach new markets and expand their co…
1. Idea GenerationThis is the inception point where new product or service idea…
2. Feasibility AnalysisAfter an idea is generated, it is evaluated for its practical…
1. Market Penetration StrategyThis strategy involves introducing a new product or service in the current market. Companie…
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