How is knowledge life cycle helpful in strategic managment?
Answers
Answered by
0
Explanation:
An industry life cycle typically consists of five stages — startup, growth, shakeout, maturity and decline. These stages can last for different amounts of time, some can be months or years.
Answered by
1
Answer:
➡ A firm will use a focused strategy at this stage to stress the uniqueness of the new product or service to a small group of customers. ... Because it costs money to create a new product offering, develop and test prototypes, and market the product, the firm's and the industry's profits are usually negative at this stage. ✔✔
Similar questions