Question

An industry characterized by irregular patterns of stability, rapid technological change, high uncertainty and global competition can be described as

Answer 1

An industry characterized by irregular patterns of stability, rapid technological change, high uncertainty and global competition can be described as Hypercompetitive.

There are four factors which need to be mastered by a company or organisation in order to succeed in hypercompetitive market. These include Technology and innovations , Customer changes , Decline of boundaries  and Financial independence.