Mature Industry Assignment Help
How much of an impact does the "maturity" level of the industry or company have on strategy?
How can you be innovative in a mature industry?
How can you be conservative in an introductory/rapid growth situation?
Should you be conservative??? Back up your assertions with resources, and your own research or experience.
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The maturity level of the industry or company creates an impact on the company's strategy by enhancing sustainable growth and helps in achieving the desired target (Beasley, Branson & Pagach, 2015).
According to my experience, it is important for an organization to promote innovation and to strengthen the relationship with the clients to innovate in a mature industry.
In an introductory/rapid growth situations, a conservative mindset is not appropriate as rapid growth is an active way to implement something that is going to be effective (Schumacher, Erol & Sihn, 2016).
Therefore, it can be said that the companies must not be conservative as it may create a negative impact on the business. Being conservative may also hinder the rapid growth of an industry or company.
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