ADMS 1000 Chapter Notes - Chapter 6: Word Processor, Typewriter, Aniche

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

Document Summary

Reading 6 - chapter 7 - competitive and technological forces. The industry life-cycle model: an inverted u-shaped growth pattern that is seen in almost all industries given a long enough period of observation. The number of organizations rises initially up to a peak, then declines as the industry ages. The industry life-cycle model describes the evolution of the entire product category and its associated industry, not a single product or firm. Industry-life cycle model divides industry evolution into 4 distinct phases: Introductory phase: the first phase in the industry life-cycle model, where many entrepreneurial firms enter the industry, hoping to emerge as a market leader. New industries tend to be highly fragmented (with many small competitors), and characterized by experimentation, development, and research with novel technologies and business models. Outcome of government regulation or deregulation that creates markets for new products & services. No dominant technology or business model during this phase.