1Describe in detail the characteristics of the industry life-cycle stages
1. intro
2. growth
3. maturity
4. decline
revenue is the vertical axis and the time is the horizontal (pg 214) examples pg 231
2industry life cycle (more defined)
introduction: Entrepreneurial, High degree of innovation, Uncertainty about the market, Lack of legitimacy
growth: Growing sales, New entrants, Economies of scale, Lower prices
maturity: Slow growth, Markets saturated, Competition intensifies, Profitability
decline: Changes in demographics, shifting consumer tastes, Technological substitution
3Describe the different types of innovation
- radical
- incremental
- creative destruction
- disruptive
- architectural and modular
- competence-related (competence-enhancing and destroying)
4main drivers of industry evolution:
- demand growth
- creation and diffusion of technology and knowledge
5technology life cycle
slide 6 https://eclass.yorku.ca/modesource/view.php?id=2632360
6How is technology changing the workplace
improve productivity and efficiency pg.240
7History of technology (years)main
pg 241
8What is the relationship between technological evolution and industry evolution?
- innovation and Disruption
- Competitive Advantage
- globalization
Industries that effectively leverage and adapt to technological advancements are more likely to thrive, while those that resist change may face challenges in remaining competitive and sustainable over time. (disrupt)
9Describe the different stages of the industry cycle with a special focus on competitive forces?
on slides https://eclass.yorku.ca/modesource/view.php?id=2622533