You probably are familiar with the Industry Life Cycle, but may not have thought about how it can affect business strategy. The employment services industry can be broken up into multiple lines of business, with each possibly in a different life-cycle phase. Review the text on Industry Life Cycle. Pay particular attention to the charts. Review StilSim current and potential lines of business.
1. Identify the life cycle stage for each line of business
2. Why do you place each line of business in the life-cycle phase you did?
3. Based on the particular life cycle stage, what generic strategies might be suggested for each line of business.