Industry Life Cycle

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Embryonic: invest in R&D to set company apart from others, source talent, marketing strategy to gain awareness, closed innovation/patents, secure investments

Growth: marketing, continue to innovate, reduce costs,

Shake out: improve efficiency, merge/acquire,

Maturity: reinvest, enter new markets, increase dividends

Decline: divest, leave, merge/acquire

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Value Net

Customer value proposition: helps where to focus innovation to meet customer wants/needs