Question: Consider the changes that have occurred in a comparatively new industry (e.g., wireless telecommunications, smartphones, video game consoles, online brokerage services, and fitness clubs). Then,

Consider the changes that have occurred in a comparatively new industry (e.g., wireless telecommunications, smartphones, video game consoles, online brokerage services, and fitness clubs). Then, address the following questions:

  • To what extent has the evolution of the industry followed the pattern predicted by the industry life-cycle model?
  • What are the features of the industry have that have influenced its pattern of evolution?
  • At what stage of development is the industry today? How is the industry likely to evolve in the future?

Provide references.

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