Lost in a universe of markets: toward a theory of market scoping for early stage technologies


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Type
Article
Change log
Authors
Molner, S 
Prabhu, JC 
Yadav, MS 
Abstract

This paper examines market scoping for early stage technologies, a fundamental yet underexplored marketing activity. Market scoping refers to managerial activities directed at the identification of market spaces for early stage technologies. Our discovery-oriented research aimed at theory development draws on an extensive, multi-year database of email trails and archival records detailing market scoping efforts for early stage technologies emerging from a global research university. Based on this longitudinal database, we provide an in-depth examination of managers’ market space decisions and advance an initial theory of market scoping. We isolate managers’ market scoping mindset—which manifests as market ambiguity avoidance or acceptance—as a key explanatory construct shaping market space decisions and outcomes. Market ambiguity avoidance results in managers’ downstream orientation toward end-users; this mindset, counterintuitively, may lead to technology commercialization failure. In contrast, market ambiguity acceptance results in managers’ upstream orientation; this mindset directs attention away from end-users, but helps uncover indirect paths to viable market spaces. This paper lays the groundwork for advancing marketing research in the context of early stage technology commercialization.

Description
Keywords
early-stage technology, market ambiguity, technology commercialization, entrepreneurship, innovation
Journal Title
Journal of Marketing
Conference Name
Journal ISSN
1547-7185
1547-7185
Volume Title
83
Publisher
American Marketing Association