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Mature industrial markets

The Industry Lifecycle

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Updated Jun 26, What is a Mature Industry A mature industry is an industry that has passed both the emerging and growth phases of industry growth.

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As industries develop and change, they go through phases of a lifecycle.

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Kashif Ikram The aim of this study management challenge is to investigate the application of late stage Product Life Cycle PLC concepts in the medical device market.

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After enjoying the profits and market share available in growth markets, firms must learn to compete when the market becomes mature and growth slows.

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