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===Intro===
Most people have How would you define "high tech"? You might think of Silicon Valley, your phone or laptop, a new medical device -- but overall, it's hard to pin down a concrete definition. Taken one step further, how would you define a vague conceptualization "high tech firm"? In other words, what are the characteristics of what it means companies like Amazon and Apple that we can generalize to be form a universal definition of a "high techfirm"? The [http://www. You probably superimpose an image kauffman.org/~/media/kauffman_org/research%20reports%20and%20covers/2014/02/declining_business_dynamism_in_us_high_tech_sector.pdf Kauffman Institute] 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 Silicon Valleyhigh-tech production methods, Appleincluding intense use of high-tech capital goods and services in the production process.
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