Textbook Notes (368,089)
Canada (161,636)
York University (12,801)
ADMS 1000 (315)
Chapter 6

The Competitive Environment of Business - Chapter 6

9 Pages
Unlock Document

Administrative Studies
ADMS 1000
Peter Modir

Industry Lifecycle ModelGiven a long enough period of observation almost all industries exhibit an inverted Ushaped growth pattern with the number of organizations rising initially up to a peak and then declining as the industry ages The Introduction PhaseNew industries emerge following innovationsoTechnological eg biotechnologyoRegulatory eg satellite radioCharacterized by uncertainty and risk eg satellite communicationsEarly entrants are small entrepreneurial firms using technological innovation Competitors search for the industrys dominant design and standardNew industries seek legitimacy through collective action and institutional entrepreneurshipDespite increased competition entry of large incumbent firms into new markets legitimizes the new industryCharacteristics of the emergence phaseoLow intraindustry rivalry
More Less

Related notes for ADMS 1000

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.