Industry life cycle models aim to explain organisation and industry growth and decline over time.

Question

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Industry life cycle models are designed to provide insights into the different stages of development that industries go through over time, and to help explain the factors that drive growth, maturity, and decline within these markets. These models can be useful for firms looking to position themselves for success within a given industry, as well as for investors looking to assess the long-term viability of a particular sector.

Industry Life Cycle Models Aim to Explain Organisation and Industry