Business networking on high-tech markets

Abstract

Nowadays, high-tech technologies are one of the most dynamically developing types of business in the worldwide economy. The dynamics of occurring changes, as well as effects of research and development undertakings taking place in high-tech business ventures exert a positive influence upon performance taking place in other branches of economy. Enterprises utilizing sophisticated technologies are characterized by complex production technologies, massive investments in research and development, high level of innovativeness, rapid diffusion of technological novelties, high qualifications of employed workers, as well as the necessity to incur significant expenditures with concomitant increase in the investment risk. The functioning of businesses utilizing new technologies are characterized by a considerable intensity of science and technological cooperation taking place within national economies and global markets. Hence, one may observe an increase in the significance of cooperation and networking, which is, on the one hand, an opportunity and competitive advantage on high-tech markets and, on the other hand, a source of threats and risks to the functioning of a given enterprise.