Entrepreneurial capabilities and their role in successful innovation commercialization

Sayitbayev , Shermirza

Innovations in Science and Technologies · 2026-yil

Annotatsiya

This paper examines the critical role of innovation commercialization in achieving sustainable economic growth and competitive advantage in the modern knowledge-based economy. Drawing on Schumpeterian economics and contemporary innovation theory, the study explores the multifaceted process of transforming research and development outcomes into market-ready products and services. The research highlights that successful commercialization extends beyond traditional R&D activities to encompass organizational changes, marketing strategies, training, and design processes. The paper analyzes the interconnections between fundamental research, entrepreneurial environments, and the practical implementation of innovations. Findings suggest that systematic innovative activity combined with effective commercialization practices is crucial for long-term firm profitability, while innovative passivity poses significant risks of "creative destruction." The study emphasizes that commercialization success depends not only on R&D results and marketing efforts but also on technological production capabilities, intersectoral cooperation, and human capital development. This research contributes to understanding commercialization as an integral element of innovation management that requires feedback mechanisms between idea generation and market implementation throughout all stages of the innovation life cycle.

Maqola ma’lumotlari
MualliflarSayitbayev , Shermirza
JurnalInnovations in Science and Technologies
NashriyotТошкент давлат иқтисодиёт университети
ISSN3030-3451
Nashr sanasi2026-02-23
Jild3
Son2
Betlar159-165
TilIngliz
Ilmiy sohaIqtisodiyot
Indeksga qo‘shilgan2026-08-26

Maqolaning asl sahifasi

Kalit so‘zlar

Innovation commercialization, entrepreneurial capabilities, R&D transformation, innovation management, economic growth, competitive advantage, knowledge economy, marketing effectiveness, technological readiness, innovation life cycle, creative destruction, multifactor productivity.

Ilmiy soha

Iqtisodiyot

Iqtibos keltirish

APASayitbayev , Shermirza (2026). ENTREPRENEURIAL CAPABILITIES AND THEIR ROLE IN SUCCESSFUL INNOVATION COMMERCIALIZATION. Innovations in Science and Technologies, 3(2), 159-165. https://innoist.uz/index.php/ist/article/view/1467
GOST (OAK)Sayitbayev , Shermirza ENTREPRENEURIAL CAPABILITIES AND THEIR ROLE IN SUCCESSFUL INNOVATION COMMERCIALIZATION // Innovations in Science and Technologies. – 2026. – T. 3, № 2. – P. 159-165.
MLASayitbayev , Shermirza. “ENTREPRENEURIAL CAPABILITIES AND THEIR ROLE IN SUCCESSFUL INNOVATION COMMERCIALIZATION.” Innovations in Science and Technologies, 3(2), 159-165, 2026. https://innoist.uz/index.php/ist/article/view/1467
ChicagoSayitbayev , Shermirza. “ENTREPRENEURIAL CAPABILITIES AND THEIR ROLE IN SUCCESSFUL INNOVATION COMMERCIALIZATION.” Innovations in Science and Technologies, 3(2), 159-165 (2026). https://innoist.uz/index.php/ist/article/view/1467
HarvardSayitbayev , Shermirza (2026) ‘ENTREPRENEURIAL CAPABILITIES AND THEIR ROLE IN SUCCESSFUL INNOVATION COMMERCIALIZATION’, Innovations in Science and Technologies, 3(2), 159-165. https://innoist.uz/index.php/ist/article/view/1467
BibTeX
@article{sayitbayevshermirza2026,
  title = {ENTREPRENEURIAL CAPABILITIES AND THEIR ROLE IN SUCCESSFUL INNOVATION COMMERCIALIZATION},
  author = {Sayitbayev , Shermirza},
  journal = {Innovations in Science and Technologies},
  year = {2026},
  volume = {3},
  number = {2},
  pages = {159-165},
  url = {https://innoist.uz/index.php/ist/article/view/1467}
}

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