What is the industry life cycle

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1. What is the model of competitive rivalry? What are its components? What are competitive actions? Responses? Can you give an example of an industry with a lot of actions and responses

2. What is the Industry Life Cycle? What does it mean to “cross the chasm”? Give an example of a firm that was unable to “cross the chasm”.

3. Select an industry and consider how the industry life cycle has affected business strategy for the firms in that industry over time. Detail your answer based on each stage: introduction, growth, shakeout, maturity, and decline.

Reference no: EM132234325

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