Based on your knowledge and observation, Identify an industry in which expansionist strategy has generally been followed by most firms in the past. Under which conditions will it be better for a firm to follow the wait$-$and$-$see strategy rather than the expansionist strategy? Then identify a firm or an industry that has done so successfully.

Please support your opinions, for example, using your knowledge, experience, understanding$/$reasoning$,$ observation, real$-$world examples$/$cases$,$ and$/$or other sources. If you are using online resources as well, please provide a link to those online resources $($e$.$g$.,$ news, cases, etc. etc.$)$