By Ali Albassami, Andrew Patton McCoy
For too lengthy, the development undefined, its firms and its items were constrained to borders. This ebook is ready broadening the scope of building companies and items- how neighborhood commercialization and improvement of innovation interprets throughout overseas markets. It provides a framework that describes major components of the innovation determination approach. To boost the framework, the authors tested six topics with regards to foreign commercialization: 1. formerly built neighborhood and foreign commercialization versions 2. obstacles to commercialization three. severe stakeholders, activities, and judgements four. features of recommendations which are compatible for overseas use five. features of international markets which are perfect for adopting such concepts 6. suggestions to beat those obstacles. in accordance with those six topic components, the authors current literature evaluation on foreign innovation commercialization after which try out the framework utilizing a case-based process of 1 structural product, Structural Insulated Panels (SIPs). SIPs has been effectively constructed and applied within the usa and is being thought of for advertisement use in Saudi Arabia. The SIPs product is very applicable due to its leading edge nature and effect at the constitution of residential buildings. Read more...
summary: For too lengthy, the development undefined, its organisations and its items were constrained to borders. This ebook is ready broadening the scope of building agencies and items- how neighborhood commercialization and improvement of innovation interprets throughout overseas markets. It offers a framework that describes major parts of the innovation choice technique. To improve the framework, the authors tested six topics relating to foreign commercialization: 1. formerly constructed neighborhood and foreign commercialization types 2. obstacles to commercialization three. severe stakeholders, activities, and judgements four. features of options which are compatible for foreign use five. features of international markets which are perfect for adopting such concepts 6. recommendations to beat those boundaries. in accordance with those six topic components, the authors current literature assessment on overseas innovation commercialization after which try out the framework utilizing a case-based process of 1 structural product, Structural Insulated Panels (SIPs). SIPs has been effectively built and applied within the usa and is being thought of for advertisement use in Saudi Arabia. The SIPs product is especially applicable due to its leading edge nature and effect at the constitution of residential structures
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Additional info for A business framework for international commercialization of innovative construction products
International commercialization positively assists both the recipient and the US residential construction market, benefiting the overall economies of both. It also stimulates growth and development, provides employment opportunities, assists in technology and knowledge transfer, and expands the potential global network for US firms. , Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates). In 2011, Saudi Arabia accounted for 55% of all projects awarded, totaling $66 billion in investment (Council-USSABC 2009).
Other reasons may include low consumer confidence in new products (SAGIA 2006) and strong opinions formed about certain products that constitute consumer resistance and are affected by the purchasing behavior of builders and developers who are unwilling to take market risks or spend time and money to educate consumers (McCoy et al. 2008). Therefore, to improve consumer confidence and cooperation in the commercialization of innovation, consumers must be provided accurate information and have a clear understanding of innovation needs, benefits, and risks.
According to the Global Competitiveness Report (Schwab 2014), the United States is among the top innovative countries in the world and is ranked 5th in innovation. US companies are highly sophisticated and innovative and are supported by an excellent university system that collaborates admirably in R&D with the business sector. These qualities, combined with flexible labor markets and the scale of opportunities afforded by the sheer size of its domestic economy—the largest in the world by far—continue to make the United States very competitive.