High-technology firms compete globally by bringing products to market quickly and efficiently. In a recent sample of high-technology companies in Texas, 84% reported the introduction of a new process or product during 1994-96. However, only 33% introduced new products and processes faster than their competitors. A key question for policymakers then is: why are most small high-technology firms in Texas not competing in this dimension? During 1996-97, the Bureau of Business Research (BBR) and IC2 Institute at the University of Texas at Austin addressed this question in a study of 1,772 Texas high technology firms.
