Commercialization: meaning, definitions and examples
💼
commercialization
[ kəˌmɝːʃəl.əˈzeɪ.ʃən ]
business development
The process of introducing a new product or service into the market, with a focus on generating profit and increasing sales.
Synonyms
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.
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
Word origin
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.