A Concept of High Technology and Case of Software Designing Firm

There is a controversy among the researchers regarding the concept of high technology (high-tech) firms. Therefore, an attempt has been made to identify the specific aspects or characteristics of high-tech firms and its application in software designing firms (SDFs). The study shows that most of the researchers have the convergence among their opinion of high-tech firms. They defined high-tech concept with the help of different products and services of companies in diverse environment. The specific aspects of high-tech firms are: product and process sophistication, research and development intensity, technically educated employees, a fast rate of growth and high degree of vulnerability, scarcity of human resources familiar with the technologies, all or parts of the products are based on the recent innovations or new technologies, a worldwide product for its market, new technology makes existing technology obsolete very quickly, turbulent environment characterized by realignment of competitors, changing customer's needs, changing regulations, new competing products and so on. It is also identified that SDF's are high-tech firms