Question: Why is the life - cycle model a useful tool for analyzing industry evolution?Strategic groups are less likely to change within the lifecycle.New rivals need

Why is the life

-

cycle model a useful tool for analyzing industry evolution?Strategic groups are less likely to change within the lifecycle.New rivals need to be identified and tracked over time.Differences and similarities become more pronounced over time.Each rival can be analyzed based on the stage in the life

-

cycle.

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