The industry life cycle model identifies four sequential stages in the evolution of an industry that lead to four distinct kinds of industry environment.

Name: The industry life cycle model identifies four sequential stages in the evolution of an industry that lead to four distinct kinds of industry environment.
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The industry life cycle model typically identifies five stages in the evolution of an industry: introduction, growth, shakeout, maturity, and decline.

The Industry Life Cycle Model Identifies Four Sequential Stages in the Evolution