commercialization

/kə,mə:ʃəlai'zeilʃn/

Thân thiện

The company focuses on the commercialization of its new technology.

Definition

Noun: 1. The process of managing or running something principally for financial gain: The act of introducing a product, service, or activity into the marketplace with the primary aim of generating profit. 2. The process of making something more commercial in character or nature: The adaptation of something (e.g., an idea, a cultural event, or a technology) to suit market demands and principles of commerce.

Usage

• Commercialization is used to describe the transformation of non-commercial activities, ideas, or products into marketable commodities. It often carries a neutral or critical connotation regarding the influence of market forces.
• It is commonly followed by the preposition "of" to specify what is being commercialized.

Examples

• The commercialization of university research can lead to innovative products but also raises ethical questions.
• Many fans lament the increasing commercialization of the sport, with advertisements covering every surface.
• The successful commercialization of the new software took several years of development and marketing.

Advanced Usage

• "Over-commercialization": A critical term describing an excessive focus on profit that is seen as degrading the quality or original purpose of something.
  • The historic district suffered from over-commercialization, losing its authentic charm to souvenir shops.
• Used in economic and business contexts to discuss stages of product development, technology transfer, and market strategy.

Variants and Related Words

• Commercialize (verb): To manage or exploit something in a way designed to make a profit.
  • The company plans to commercialize the new battery technology.
• Commercial (adjective): Related to or engaged in commerce.
  • The project's commercial potential is high.
• Commerce (noun): The activity of buying and selling, especially on a large scale.

Synonyms

• Commodification: The action of turning something into a mere commodity, often with a stronger negative connotation regarding loss of intrinsic value.
• Monetization: The process of converting something into money, often used in digital contexts (e.g., monetizing a website).
• Marketing: The action of promoting and selling products, which is a key part of commercialization.

Antonyms

• Decommercialization: The process of removing commercial aspects.
• Preservation: Maintaining something in its original state, free from commercial influence.
• Privatization (in specific contexts): While related, privatization involves transferring ownership from public to private, whereas commercialization focuses on introducing market principles.

Related Phrases and Concepts

• "The commercialization of space": Refers to the involvement of private companies in spaceflight and related industries.
• "Commercialization gap": The period or challenges between developing an innovation and successfully introducing it to the market.
• "Drive for commercialization": A phrase describing a strong push to make something profitable.

Học thuật

Noun

1. the act of commercializing something; involving something in commerce
   • my father considered the commercialization of Christmas to be a sacrilege
   • the government tried to accelerate the commercialization of this development
   • both companies will retain control over the commercialization of their own products

Từ đồng nghĩa

• commercialisation