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Chapter 5 also introduces the strategic implications of various "Industry Life-Cycles". Please address the following questions with...

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General Management

Chapter 5 also introduces the strategic implications of various"Industry Life-Cycles". Please address thefollowing questions with ORIGINAL thought (notfrom the book... not from a classmate [current or previous] ... notfrom the internet... )

1. Can you give an example of a firm that benefited frombeing a “first mover” in their industry? ... (Brieflyexplain)

2. How about an example of a firm that was a"late-mover" (or perhaps even better, a "fast-follower"?) ...(Briefly explain)  

3. What is an example of a product orindustry in the growth stage of its life cycle? How long do youthink the growth stage will last?

4. What is an industry that is in the maturity phase of thelife cycle? How intense is the competition?

5. What is an example of an industry in the declinestage? What strategies are the current firmsfollowing?

6. Can you think of a firm that has completed asuccessful (or unsuccessful) turnaround?

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