1. An industry’s present conditions do not necessarily reveal much about the strategically relevant ways in which the industry environment is changing.
2. All industries are characterized by trends and new developments that gradually or speedily produce changes which is important enough to require a strategic response from participating firms.
3. The popular hypothesis that industries go through a life cycle of takeoff, rapid growth, early maturity, market saturation, and stagnation or decline helps explain industry change – but it is far from complete.
Latest posts by Farida Shaikh (see all)
- My First Day at S.I.W.S. College - July 25, 2013
- Strategy-Making, Strategy-Executing Process - July 17, 2013
- A Strategic Vision is Different from a Mission Statement - July 17, 2013