Constructing a Process Model of Technology Capital Operation in Enterprises

Abstract

This paper presents a process model for the effective management and operation of technology capital within enterprises. Technology capital, comprising intellectual property, research and development assets, and innovative capabilities, plays a crucial role in driving competitiveness and value creation in modern organizations. Drawing upon insights from technology management, financial economics, and strategic management literature, this study outlines a systematic framework that captures the key stages and activities involved in technology capital operation. The proposed process model encompasses stages such as technology identification, valuation, acquisition, development, exploitation, and monetization, each supported by specific tools, methodologies, and decision criteria. Through a combination of case studies, expert interviews, and quantitative analysis, the paper illustrates the application of the process model in diverse organizational contexts, including high-tech firms, research institutions, and corporate R&D centers. Moreover, the study explores the implications of effective technology capital operation for innovation strategy, business growth, risk management, and financial performance. By providing a structured approach to technology capital management, this research aims to assist managers, investors, and policymakers in making informed decisions about resource allocation, investment prioritization, and technology commercialization strategies.