Week 5

Question 1

What are the stages of the industry life cycle?

Answer 1

1- Introduction
2- Growth
3- Maturity
4- Decline

Question 2

What are some features of mature industries?

Answer 2

1- Low rates of technological change

2- Market saturation

3- Slowing innovation

Question 3

What are some features of declining industries?

Answer 3

Excess capacity

Lack of technological change

Older machines and employees

Question 4

What are some of the key success factors in mature industries?

Answer 4

1- Sources of cost advantage e.g, economies of scale

2- Sources of differentiation advantage

3- Sources of innovation

Question 5

What are some key factors influencing change?

Answer 5

Tech

Competition

Systemic Risk

Social forces and capitalism’s crisis

Question 6

What is the future of strategy?

Answer 6

1- Complexity
2- Digital
3- Choices
4- Dilemmas and paradoxes

Question 7

What is strategic agility?

Answer 7

The ability of organisations to detect and respond to strategic opportunities and threats fast and easily