| Maidique, M. and Hayes, R.H. (1985) The art of high-technology management. The McKinsey Quarterly, (Summer), 43-62. |
....possible point in the 1 High tech firms in this paper refer to firms engaged in state of the art technology, characterized by rapid rate of change in their products and technologies. Some analysts classify firms in high technology industry as those that spend more than 3 percent of sales on R D (Maidique and Hayes, 1985). 2 In industries, there are no clear distinction between research and development. The purpose of research is to develop new knowledge, and the purpose of development is to apply scientific or engineering knowledge, to expand it, to connect the knowledge in one field. In general, development ....
Maidique, M. and Hayes, R.H. (1985) The art of high-technology management. The McKinsey Quarterly, (Summer), 43-62.
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