Using the Industry Life-Cycle Model, Explain How the Threats and Opportunities

question 33

Essay

Using the industry life-cycle model, explain how the threats and opportunities for existing firms in an industry change over time.

---

Definitions:

Central Traits

The handful of outstanding traits that describe a person’s behavior.

Cardinal Traits

The most pervasive and powerful human traits.

Functional Autonomy

The concept that motives in an adult are independent of the early experiences in which they originally appeared.

Perseverative Striving

Perseverative striving is the repeated and continuous effort towards a goal, even in the face of obstacles, frustration, or evidence that the goal may be unattainable.