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Commercialization: meaning, definitions and examples

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commercialization

 

[ kəˌmɝːʃəl.əˈzeɪ.ʃən ]

Noun
Context #1 | Noun

business development

The process of introducing a new product or service into the market, with a focus on generating profit and increasing sales.

Synonyms

marketing, promotion, sales

Examples of usage

  • The commercialization of the new software was a great success, doubling the company's revenue.
  • The commercialization of the latest smartphone model attracted a large number of customers.
Context #2 | Noun

academic research

The transformation of research findings into practical applications or products for commercial purposes.

Synonyms

capitalization, exploitation, monetization

Examples of usage

  • The commercialization of scientific discoveries is crucial for driving innovation in various industries.
  • Universities often collaborate with companies to facilitate the commercialization of research projects.

Translations

Translations of the word "commercialization" in other languages:

🇵🇹 comercialização

🇮🇳 वाणिज्यीकरण

🇩🇪 Kommerzialisierung

🇮🇩 komersialisasi

🇺🇦 комерціалізація

🇵🇱 komercjalizacja

🇯🇵 商業化

🇫🇷 commercialisation

🇪🇸 comercialización

🇹🇷 ticarileştirme

🇰🇷 상업화

🇸🇦 تسويق

🇨🇿 komercializace

🇸🇰 komercializácia

🇨🇳 商业化

🇸🇮 komercializacija

🇮🇸 auglýsing

🇰🇿 коммерцияландыру

🇬🇪 კომერციალიზაცია

🇦🇿 kommersiyalaşdırma

🇲🇽 comercialización

Etymology

The term 'commercialization' originated in the 19th century, during the Industrial Revolution, as businesses began to focus on mass production and marketing strategies to increase profits. It has since become a key concept in the fields of business, economics, and innovation, reflecting the importance of bringing new products and services to market. The process of commercialization has evolved with advancements in technology and globalization, shaping modern business practices and consumer culture.

See also: commercialize.

Word Frequency Rank

With rank #17,265, this word belongs to specialized vocabulary. While not common in everyday speech, it enriches your ability to express complex ideas.