Difference between revisions of "Business Dynamism in High Tech"
imported>Carlin |
imported>Carlin |
||
| Line 18: | Line 18: | ||
===Intro=== | ===Intro=== | ||
| − | How | + | How do you define "high tech"? You know it when you see it - it's Apple's iPhone 6S, Amazon Prime's 1 hour product delivery, it's a grid with blinking lights and beeping buttons - but what IS high tech? Taken one step further, how would you define a "high tech firm"? In other words, what are the characteristics of companies like Amazon and Apple that we can generalize to form a universal definition of a high tech firm? |
| − | + | One of the best definitions of this vague "high tech" comes from the [http://www.kauffman.org/~/media/kauffman_org/research%20reports%20and%20covers/2014/02/declining_business_dynamism_in_us_high_tech_sector.pdf Kauffman Institute], which defines a high-tech industry by the presence of four factors: a high proportion of scientists, engineers, and technicians; a high proportion of R&D employment; production of high-tech products, as specified on a Census Bureau list of advanced-technology products; and the use of high-tech production methods, including intense use of high-tech capital goods and services in the production process. | |
Revision as of 15:51, 19 February 2016
Contents
Defining "high tech"
High tech: a high-tech industry is defined by the presence of four factors: a high proportion of scientists, engineers, and technicians; a high proportion of R&D employment; production of high-tech products, as specified on a Census Bureau list of advanced-technology products; and the use of high-tech production methods, including intense use of high-tech capital goods and services in the production process Kauffman
A Congressional Office of Technology Assessment document describes high-technology firms as those “engaged in the design, development, and introduction of new products and/or innovative manufacturing processes through the systematic application of scientific and technical knowledge.”
National Science Foundation report on science and technology resources also refers to the employment of scientists, engineers, and technicians and to measures of R&D activities as “two of the most important parameters of innovation” and uses those two parameters “as surrogates for measuring the broader concept of innovation.”
Which of these is best definition?
High tech and firm birth/death
Kauffman study found that decline in business dynamism occurred in both the general U.S. economy and the high-tech sector in the post-2000 period. As part of this decline in dynamism, Kauffman found indicators of a slowdown in entrepreneurship in the high-tech sector in the post-2000 period.
Article
Target Audience
- Geared towards Rice Thresher, Houston Chronicle? Layman who has an interest in the intersection of technology and business.
Intro
How do you define "high tech"? You know it when you see it - it's Apple's iPhone 6S, Amazon Prime's 1 hour product delivery, it's a grid with blinking lights and beeping buttons - but what IS high tech? Taken one step further, how would you define a "high tech firm"? In other words, what are the characteristics of companies like Amazon and Apple that we can generalize to form a universal definition of a high tech firm?
One of the best definitions of this vague "high tech" comes from the Kauffman Institute, which defines a high-tech industry by the presence of four factors: a high proportion of scientists, engineers, and technicians; a high proportion of R&D employment; production of high-tech products, as specified on a Census Bureau list of advanced-technology products; and the use of high-tech production methods, including intense use of high-tech capital goods and services in the production process.
