ADMS 1000 Lecture Notes - Standards Organization, Hierarchical Organization, Product Differentiation

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Eytan Lasry

Document Summary

All industries evolve along particular trajectories and through speci c phases from their early emergence and growth to their eventual maturity and decline! The pace of an industry"s evolution along its lifecycle is closely related to the evolution of technology within the industry! Lifecycle model divides industry evolution into 4 distinct phases! The introduction phase : industry emergence and creation! New industries emerge as a result of changes that create opportunities for entrepreneurs to leverage novel combinations of resources to develop innovate products, services or processes! Early years of an industry are generally uncertain about future of the market! Rms are intensely focused on research and development at this stage! Objective is to nd the new industry"s dominant model and get it accepted and institutionalized ! One of the most important contributions to emerge concerns that concept of the legitimacy of new industries and organizational forms!