HIGH TECHNOLOGY–STRATEGIC CONTEXT
The engine of an economy is innovation in product development and commercialization through:
Taking advantage of progress in technology
Imagining market opportunities from the application of technology
In a broad sense, a product is defined to include a tangible product, a software product, or a service. The characteristics of the manufacturing process and product delivery constitute the significant distinctions between the different types of products. For a new tangible product, the product development process must encompass the product fabrication methodology and the technology it entails and must heed ...