Abstract Product innovation in industrial markets has traditionally been examined through the lens of engineering capability, technological advancement, and research and development intensity. While these dimensions remain critical, they no longer sufficiently explain why certain technically sound products achieve sustained market success whereas others fail to generate commercial traction. This study argues that the missing link lies in the systematic use of commercial intelligence as a managerial driver of product innovation. Rather than treating innovation as a predominantly technical activity, this paper conceptualizes product innovation as a commercially informed decision-making process embedded within the realities of industrial markets. The article introduces commercial intelligence as a distinct managerial construct that integrates market signals, customer purchasing behavior, competitive pricing dynamics, and commercialization constraints into the product innovation process. In contrast to market intelligence or competitive intelligence alone, commercial intelligence is defined as an actionable synthesis of external commercial data that directly informs innovation-related managerial choices. Within industrial and energy-oriented markets—where products are technically complex, demand is derived, and purchasing decisions are highly professionalized—commercial intelligence plays a decisive role in shaping which product features are prioritized, how value propositions are articulated, and how innovations are aligned with real market demand. Drawing on a business management perspective, the study develops a conceptual framework that explains how commercial intelligence influences product innovation at multiple stages of technical product commercialization. The framework highlights the interaction between pricing pressures, RFQ-driven procurement environments, customer-specific technical requirements, and competitive benchmarking, demonstrating how these factors collectively guide innovation decisions beyond engineering considerations. By emphasizing managerial judgment and strategic alignment, the paper positions commercial intelligence as a mechanism that translates technical capability into market-relevant innovation. The study further explores the implications of commercial intelligence for managerial decision-making in industrial firms operating across international markets. It shows how managers leverage commercial intelligence to reduce innovation uncertainty, improve product–market fit, and allocate resources toward commercially viable innovation initiatives. The analysis underscores that successful product innovation in industrial contexts is not merely a function of superior technology, but of the organization’s ability to interpret commercial signals and embed them into innovation strategies. This paper contributes to the product innovation and business management literature by reframing technical product commercialization as a commercially driven innovation process. It offers theoretical insights for scholars examining innovation in B2B and industrial markets, while providing practical guidance for managers seeking to enhance innovation performance through structured commercial intelligence practices. By integrating innovation, commercialization, and managerial decision-making, the study advances a more holistic understanding of how industrial firms can achieve sustainable competitive advantage through commercially informed product innovation.
BAYRAM TÜRKOĞLU (Thu,) studied this question.