Key Concept of Competing in an emerging industry

Question

Illustrates about the Key Concept of Competing in an emerging industry and strategic avenues?

Answer 1

Dealing with all the opportunities and the risks of an emerging industry is one of the most challenging business strategy troubles.

Key Concept:

Strategic achievement in an emerging industry calls for bold entrepreneurship, take risks and a willingness to pioneer, an intuitive feel for what purchasers will like, opportunistic strategy making,  and rapid responses to new developments.