Introduction to Strategies for Dynamic and Stable Industry Environments

The dynamics of an industry plays a critical role in the formulation of a firm’s strategy. It can increase or decrease opportunities or a threat for a firm and it often force the firm to make strategic adjustments. A basic understanding of the process of evolution is essential since correct response to the change in the competitive environment can mean the difference between success and failure of a firm. The first part of the unit will present the concept of product life cycle to explain the process of industry evolution and its significance for the formulation of strategy. In the latter part of the unit, growth strategies in dynamic and stable environments will be dealt in detail.

2 Comments on "Introduction to Strategies for Dynamic and Stable Industry Environments"

  1. Type of forum

  2. Yes this is definitely true, By doing Certification in something one gets the complete knowledge of his/her domain, which is very essential according to industrial point of perspective.

    People who have done certifications and is master of that field, has high chances of getting recruit in any company as compared to others.

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