Question: It is important for an organisation to understand where it is in the industry life cycle as it provides valuable insights for strategic planning and

It is important for an organisation to understand where it is in the industry life cycle as it provides valuable insights for strategic planning and decision

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making. By understanding the current stage of the industry life cycle, an organisation can make informed choices regarding resource allocation, market positioning, and innovation strategies. This understanding helps in anticipating competitive dynamics, identifying potential opportunities and threats, and developing appropriate strategies to stay competitive and sustainable.

With this in mind, suggest strategies that your chosen entity should employ to be sustainable in its industry.

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