What is different about high-tech industries? Were all industries once high tech? 1 answer below »

What is different about high-tech industries? Were all industries once high tech?

Why are standards so important in many high-tech industries? What are the competitive implications of this?

You work for a small company that has the leading position in an embryonic market. Your boss believes that the company’s future is ensured because it has a 60% share of the market, the lowest cost structure in the industry, and the most reliable and highest-valued product. Write a memo to him outlining why his assumptions might be incorrect.