Science and Technology Business Models: Nanotechnology

Science and Technology Business Models Nano engineering skillReviewing the logical argument model of nanophase, we brush off explain that, nanophase communication channel model al substances usages roundabout merchandise to the customers, for about of its interest .to solve problems the caller-outs make use of the owners cognition and as well as thing or substance which is produced .To discover dissatisfying wants set of pack work together, cooperate with an imminent customers .Which meet the demand of the favored grocerys ,internationally and fewer domestic sales were made through discerning practiced mortal acting for a nonher in business and an agent who supplies goods .To enhance the size of their interest nanophase excessively got occupied in systematic investigation of material,machinery,grant indorse and promoting scheme of classal union or association .Staff members manufactured save those materials in the market which had high equipment and which economic ally gave tough competition. Nanocrystalline materials too advised to add the most value of giving moral bene play off to revive strait-laced role to their performance. To the customers request nanocryatalline materials were established by the person who is experienced in the field of engineering. So that they get maximum profit most of the times in most of the outcomes .The key elements of this model atomic number 18What is nanotechnology?Nanotechnology is the secern of knowledge involving systematic observation of their knowledge which is combining form of matchless chiliad millionth instrument that measures or records -the world smallest particle of chemic element that lav take part in chemical reply and group of atoms forming smallest fundamental unit of chemical compound.This equipment always assures to change the way of living, the way of striving against disease, the way of producing and the way of traveling through universe. report of nanophase technologies and corporation.In the mid of 1980 they founded the signs of nanophase technology by investigation. RICHARD SIEGEL an international scientists who did the systematic investigation of materials and who elaborated the physical vapor synthesis By making use of (pvs) process ,the task of nanophase was to manufacture the combining form of one thousand millionth structured materials.-Protecting the intellectual worthyty.Nanophase was overly booming in defend its equipment, tools and processes with official document.-Reducing manufacturing costs.To reduce manufacturing cost, Nanophase placed an important research on its machinery for its reading on systematic investigation of materials. They were similarly provided with money by the comp any to improve making of articles for their financial profit of its production.-Financing operations.Nanophase has financed say about $19,558,069 which personal alliance offered for equity securities. In 1997 public offered 4,000,000 common sh ars at $8 .00 a sh atomic number 18 to annex $28,837,936 for the development of the company.-Transition and changes in management.In elaborating high technology their executives tried to speed their condition to raise the financial profit. Developing so numerous projects nanophase had to undergo and did not experience enough products and customers also brought into domain a dependable interest stream.-The science of nanotechnology at nanophase.Using gold cerium, copper, iron etc. nanotechnology is utilize to manufacture nanocrystalline particles.Marketing strategy used by nanophase is to develop their business with their team work which they used on nanotechnology with new occupations to tie up with new customers. This stage of growth in business included different activities such as estimating and accomplishing capable market opportunities. Growth of this long term plan which recognized the lead customers in each market and which triumphfully made their way into the market .nanophas e also formed a technical team by appointing a proper engineer so that they can come out with proper solution. troika of the supply were expertise in various fields such as material related, including science of elements and their combination, ceramic products, science of properties and interaction of matter and energy, applications of science to design and uses of various machines and building. To find out precisely what kinds of functions are take to the customers nanophase had applied nanoparticles skill and appointed the best expertise to understand the unavoidably of the customers and also their problems. The team also formed partnership deed so that they can give proper services to the customers. Once they done with proper services, staff and team members moved to sales department. By selling the products they had also set a target in minds of the customers. To make their business success they tried to make the maximum profit. The companys main motive was firstly to fit i ts primary business strategy and then to make maximum square customers .The role of collaborative relationship of marketing strategy with the customers started developing when the staff members started fulfilling all the needs of the customers .Maintaining relationship with the customers helped them in arranging systematic alchemy which helped the people to do things they cant urinate done in any other way .To cooperate and manage with the customers was too expensive and was also time consuming .Then to some staff members and management of the company evaluate that the expenses would decrease when there is production development of the company. For introducing nanoparticles to the prospective customers, agents started bringing their long time of industrial experience and contacts. The experience of the sales agent which were selected by the company were very fast and they also had cost efficient way to increase the sales long term plan of the nanophase. The company always tries to form close relationship with selected agents so that that can speed with their production horizontally and can be applied on certain things. The problems confront duration forming this strategy was majorly seen in the year 2001.This year prove very unenviable for nanophase .The profit of the company temporarily declined in economic activities. The company also declined in manufacturing sector which resulted badly in companies primary customer prow .Because of the cap world power of nanotechnology revenue continued to remain strong so that it was remedy very difficult to animate the revenue of future expected customers who were also going through different profitable challenges and also degenerating their business activeness .these were the problems in this strategy.There are many competitors to make out against nanophase. The technology of nanophase is not properly defined and it is also new, so there are many new competitors who can start their business .The competitors wh o plan their long-term insurance policy in chemical companies and also from the other participants who form their own industry, nanophase can face competition from these competitors. There are five types of industry who can give competition to nanophase.First, there are many chemical companies which are situated in United States, Europe and Asia. This states form their company and they have started manufacturing silica, carbon black and iron oxide nanocrystalline on a very astronomic scale so that they can sell this to maximum customers. They started their manufacturing worldwide so that they can become famous and tie-up their companies name with Bayer AG, Cabot good deal etc.They also have an ample amount of financial, technical wealth, big investigation, much increasing staffs and huge advertising and mechanized capability.Secondly, there are OEMS who have started making nanocrystalline resources which are manufactured lone(prenominal) by their owners and were used only for t heir products. They are toilsome to follow with view of overtaking some application that includes biotechnology, petroleum, computing and microelectronics etc. These companies are capable enough to sell nanocrystalline resources which are not useful in their own operations but which are needed for outside customers.Thirdly, these start-up companies are the most important companies which will compete the strategy of nanophase. The companies are Light-year technologies INC, Argonide Corporation, Tal materials INC, Nanomat, Oxonica ltd, Nanopowders industries, Nanopowder enterprises, Nano source technologies these all are private ltd company. They are trying to develop employees in research organization to develop nanotechnology because they were trying to trying to make them official because they were investigated by some scientists and engineers. Fourthly, they have the ability to manufacture nanocrystalline materials in small quantities using one out of ii manufacturing process. F inally, Altair nanotechnologies are still upcoming competitor who are planning strategy to compete nanophase.Yes, there is management strength in this company. Nanophase has managed all ups and downs of the company. Nanophase has reviewed the business model. It has very well managed the marketing strategy of the company. This company has also faced the upcoming problems. Company had faced some major problem in 2001.but it was solved till the year 2002-2003.company has also fulfilled all the needs of customers. Many new technologies have also invented by the company .They also processed PVS. Due to which nanoparticles were produced. Due to nanotechnology there is certain development in product markets etc. It has also looked after health and personal products .It has managed in all fields. In technical, sale or manufacturing department. This shows management of nanophase, became strength of this company.REFRENCE/BIBLOGRAPHY-Nanophase case study 6-19, module handbookPG-49, 44, 45, 50, 51,52,53.Nanophase Technologies Corporation, 2001 annual report.Nanophase technologies corporation, 2000 annual report sec from 10-q, may 15, 2002www.nanophase.com Nanophase 2001 Annual Report Sec from 10-k 405, 1997.