Identification and Evaluation of Influential Factors on New Product Commercialization in the Commercial Explosives Industry Based on the Integrated Delphi-Fuzzy and BWM Decision-Making Approach

Authors

    Reza Saadatzadeh PhD student in Technology Management, Department of Management, South Tehran Branch, Islamic Azad University, Tehran, Iran
    Hossein Dehghani Poodeh * Professor at the Faculty of Management, Malek Ashtar University, Tehran, Iran dr.hoseinpodeh@gmail.com
    Peyman Hajizade Assistant Professor, Department of Industrial Management, School of Management, South Tehran Branch, Islamic Azad University, Tehran, Iran

Keywords:

Commercialization, New Product, Commercial Explosives, Fuzzy Delphi Method, BWM Decision-Making Method

Abstract

Currently, commercialization is one of the most critical elements for the success of new businesses. In our country, due to the presence of human resources that are both innovative and creative, good ideas are often proposed at both the academic and industrial levels; however, unfortunately, they frequently stall at the early stages and fail to move into the production phase. Moreover, due to the existing sanctions in various industries against Iran, areas such as chemicals, mining, and construction such as dam building, road construction, and tunnel construction heavily rely on the development services of the commercial explosives industry. In this study, using both library research and field studies, 24 influential factors in the commercialization of new products in the commercial explosives industry were identified and content-validated in the first step. Subsequently, based on the fuzzy Delphi method, these identified factors were evaluated and screened, with 16 factors confirmed. Then, using the BWM decision-making method, these factors were weighted and ranked. The results of this research can significantly influence the production of new products in the commercial explosives industry by identifying the most important factors affecting new product commercialization. Given the rapid competitiveness in the market, the emergence of new technologies, increasing domestic demand, and the self-sufficiency goal of the country, this study can contribute to more efficient and increased production in this sector.

References

H. Khatami Nejad, M. A. Nasimi, and B. Farrokh Saresht, "Presenting Factors Influencing the Commercialization of Information Technology in Online Businesses with an Emphasis on the Tourism Industry," Technology Growth, vol. 18, no. 70, pp. 32-42, 2022, doi: 10.52547/jstpi.20993.18.70.32.

M. Kavei, H. Sadeghi, and M. Azizi, "Designing a technology commercialization process model, focusing on the pharmaceutical and biological products industry using a hybrid approach," Veterinary Research & Biological Products, vol. 35, no. 1, pp. 18-30, 2022. [Online]. Available: https://vj.areeo.ac.ir/article_122736_en.html.

L. Yopita and A. Kurnianingsih, "Buttonscarves's Digital Content Marketing on its Social Media Instagram Account to Maintain Brand," Jurnal Manajemen Dan Bisnis, vol. 6, no. 2, pp. 182-192, 2024, doi: 10.47080/jmb.v6i2.3529.

J. Tauheed, "Exploring the Role of Artificial Intelligence in Digital Marketing Strategies," Journal of Business Communication & Technology, pp. 54-65, 2024, doi: 10.56632/bct.2024.3105.

D. Smirnov, "Innovative Technological Pathway for New Commercial Applications of Stirling Cycle-Based Systems," Doctoral Program in Engineering Systems, 2019.

P. S. Aithal and S. Aithal, "A New Model for Commercialization of Nanotechnology Products and Services," International Journal of Computational Research and Development, vol. 1, no. 1, pp. 84-93, 2016.

M. Axelson, J. Netz, and C. Sandström, "Collective Action Problems in Public Sector Innovation: A Business Model Perspective," Creativity and Innovation Management, vol. 26, no. 4, pp. 370-378, 2017, doi: 10.1111/caim.12250.

S. Ghiabi and M. M. Ghiabi, "Markets in the Commercialization of Knowledge-Based Companies' Products and Examining the Role of Technology Units in Science and Technology Parks," in Third International Conference on Modern Management, Accounting, Economics, and Banking Strategies for Business Growth, Tehran, 2020: Arvin Alborz Conference Company, pp. 1-18.

S. Aliyari and M. Malazadeh, "Designing a Model for Barriers to Technology Commercialization of Defense Products Using Interpretive Structural Modeling (ISM): A Case Study of the Defense Industrial Research Organization," in Second International Conference on Management, Industrial Engineering, Economics, and Accounting, Tbilisi, Georgia, 2019: Permanent Secretariat in Collaboration with Imam Sadiq University, pp. 1-11.

K. Errajaa, B. Daucé, and P. Legoherel, "Consumer reactions to olfactory congruence with brand image," Journal of Retailing and Consumer Services, vol. 52, p. 101898, 2020, doi: 10.1016/j.jretconser.2019.101898.

D. Grace, M. Ross, and C. King, "Brand fidelity: Scale development and validation," Journal of Retailing and Consumer Services, vol. 52, p. 101908, 2020, doi: 10.1016/j.jretconser.2019.101908.

Z. M'Chirgui, W. Lamine, S. Mian, and A. Fayolle, "University Technology Commercialization Through New Venture Projects: An Assessment of the French Regional Incubator Program," The Journal of Technology Transfer, vol. 43, no. 5, pp. 1142-1160, 2018, doi: 10.1007/s10961-016-9535-y.

K. Henttonen and H. Lehtimäki, "Open innovation in SMEs: collaboration modes and strategies for commercialization in technology-intensive companies in forestry industry," European Journal of Innovation Management, vol. 20, no. 2, pp. 329-347, 2017, doi: 10.1108/EJIM-06-2015-0047.

E. Baraldi, M. Ingemansson, and A. Launberg, "Controlling the Commercialisation of Science Across Inter-Organisational Borders: Four Cases from Two Major Swedish Universities," Industrial Marketing Management, vol. 43, no. 3, pp. 382-391, 2014, doi: 10.1016/j.indmarman.2013.12.006.

Y. Lin, Y. Wang, and L. Kung, "Influences of Cross-Functional Collaboration and Knowledge Creation on Technology Commercialization: Evidence from High-Tech Industries," Industrial Marketing Management, vol. 49, pp. 128-138, 2015, doi: 10.1016/j.indmarman.2015.04.002.

Global Industry Analysts Inc, "Explosives. Global market trajectory & analytics," pp. 1-213, 2021.

Downloads

Published

2024-12-11

Submitted

2024-09-21

Revised

2024-11-02

Accepted

2024-11-23

Issue

Section

Articles

How to Cite

Identification and Evaluation of Influential Factors on New Product Commercialization in the Commercial Explosives Industry Based on the Integrated Delphi-Fuzzy and BWM Decision-Making Approach. (2024). Management Strategies and Engineering Sciences, 6(4), 106-114. https://msesj.com/index.php/mses/article/view/140

Similar Articles

61-70 of 78

You may also start an advanced similarity search for this article.