What Factors is Driving Industry Change
What Factors is Driving Industry Change and what crashes will they have?
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a. An industry’s present conditions do not necessarily reveal much concerning the strategically applicable ways in which the industry environment is altering.
b. All industries are characterized by trends and new progress that gradually or quickly create changes important enough to need a strategic response from participating parties.
c. The well-known theory that industries go through a life cycle of takeoff, early maturity, rapid growth, market saturation, and the stagnation or decline helps clarify industry change – but it is distant from complete.
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