Explain the relevance of punctuated equilibrium

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Using the industry life cycle model, explain how the threats and opportunities for existing firms in an industry change over time. In your answer, also explain the relevance of “punctuated equilibrium,” sometimes called “jumping curves,” for strategic planning. Provide an example (or examples) of an industry that has progressed through some (or all) of the life cycle stages.

Reference no: EM132188808

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