Business Studies, asked by zajeeshz3642, 1 year ago

Stagnant industry in strategic management

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Answered by kartikkalra
4
in many cases, management cannot avoid the problems of competing in stagnant industries. ... Competing in stagnant industries requires adoption of clear strategies that emphasize growth segments, innovative products, and production efficiencies

Many firms operate in industries where demand is growing more slowly than the economy-wide average or is even declining. ... Stagnant demand by itself is not enough to make an industry unattractive. ... Businesses competing in stagnant or declining industries must resign themselves to ...

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