What is the growth of the Social Networking industry and where is it in its life cycle? Worldwide
a) Understand the meaning of life cycle (It applies globally, not just in the US) . What may be in the maturity phase in the US may still be in the growth phase in Europe or in third world countries
b) Is it a new and growing industry; or an industry in decline? What are ways you can determine that? Plot industry revenues over the last few decades and see what it looks like
c) Are the number of firms in the industry growing or consolidating?
Note:
? The paper is for strategic industry analysis
? 3- 5 pages
? use of reliable databases
? Please site all the references ( foot note-APA style)
? Let me know if you need any information regarding the subject .