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How can you be innovative in a mature industry

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Reference no: EM132333198

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 paper provided an understanding of the mature industry or company. Based on the questions provided the paper discussed about the impact of maturity level of the industry or company have on strategy. It also discussed certain ways that help companies to be innovative in a mature industry. The paper states that a company must promote innovation and build positive relations with the clients to bring innovation. It also provided relevant information of whether a company should be conservative to enhance rapid growth. It discussed the fact that being conservative affects the growth of the business to a great extent and also creates an impact on business operations.

Reference no: EM132333198

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