MANAGEMENT

Detailed explanation-1: -High tech in manufacturing and services Sixteen are manufacturing industries, which are classified as high-tech because of the large concentration of engineers working in them. Twelve are services industries, which tend to have higher concentrations of scientists and computer and mathematical occupations.

Detailed explanation-2: -Technological uncertainty(TU) is often a great challenge and a matter of concern for a decision maker of the firm due to rapid change in the R&D technology and introduction of new technology in the firm’s environment. Bigger question remains how we can conceptualize TU, especially in particular environmental context.

Detailed explanation-3: -If you’re in the upper-left quadrant, you are with industries that face high demand uncertainty but low technological uncertainty. For example, restaurants and hotels often have difficulty predicting demand for their services, because many factors influence whether, when, and where people eat out or travel.

Detailed explanation-4: -Examples of high-tech manufacturing industries include: Pharmaceutical industry. Medical device manufacturing. Aeronautics, space, and defense manufacturing.