But the tie is also still a useful symbol for the ways in which, through its commercialization, Father's Day has travelled far from its beginnings as a sentimental corollary to Mother's Day.
Taking government R&D money to develop your technology can steer your company's technology development in a direction in which the ultimate commercialization opportunities are limited.
In this paper, I leverage a unique case of commercialization in which a largely overlapping team attempted to commercialize a technology in two different organizational contexts – first, in a university and later in a startup firm.
We refer to the sequential implementation of commercialization strategies, in which the first strategy enables the second, as a switchback reminiscent of zigzag paths that enable passage up steep mountains.
We found a surprising pattern among entrants that adopted disruptive technologies: Instead of always going head-to-head with incumbents, they often adopted a dynamic commercialization strategy in which they started out competing against them, but later switched to cooperating with them (e.g. by licensing their technology).
We present a synthetic framework in which a technology entrepreneur employs a dynamic commercialization strategy to overcome obstacles to the adoption of the firm's ideal strategy.
The commercialization is the last stage, in which the products are put into markets.
A review of the serial entrepreneurs in our sample does suggest that the ecosystem itself the environment in which they work promotes subsequent rounds of innovation and commercialization.
It is not possible to specify how many jobs and in which sector due to the uncertainty of the commercialization route.
The immediate payoff was a commercialization deal in age-related macular degeneration in which Pfizer became the first big pharma company to make a move into the use of embryonic stem cells as the basis for a tissue regeneration therapy.
