Title:
The Evolution of High Tech Companies over the Years: Some Definitions and Difference between Market-oriented Companies and Innovation-oriented Companies

Authors:
Boniello Carmine, Italy

Abstract:

High Tech companies play a fundamental role in the process of generating variety of technologies, in the development of scientific activities, in the organization of research and development activities and in the links of companies with other research institutions. In sectors High Tech the importance of economies of scale based on the specialized techniques of capital-intensive mass production; the same economies of scale move from the production phase to the research phase and the ability to transform basic research into new productions becomes the barrier to entry for industry. According to an OECD classification, the high-tech sectors include pharmaceutical, aerospace, medical, optical and precision instruments, technologies for information and communication, information technology, biotechnology, nanotechnology. In this paper after the definition of High Tech we will focus on some definitions given by authoritative scholars. Finally, we will focus on another important element to fully understand high tech companies, that is the difference between market-oriented companies and innovation-oriented companies

DOI: https://doi.org/10.51505/IJEBMR.2022.61203