Industry Life Cycle

Definition *

The Industry Life Cycle (ILC) model integrates technological, firm and industry evolution in terms of trajectories and outcomes that can be observed exogenously (Klepper, 2002). The ILC and Product Life Cycle (PLC) are often used interchangeably; however, the ILC model tends to focus on aggregate industry development, whereas the PLC focuses on product-level trends. The model describes how an industry grows from its initial origins, through maturity and eventually into decline (Rice & Galvin, 2006).

* Please note this is a 'in production' concept and as such this definition is not ready to be referenced

Industry Life Cycle business evidence is in the process of being written by our faculty. If you want to encourage pushing up the priority of Industry Life Cycle, then please comment below, and use the share buttons on the left. The more, comments and shares the more we push the creation of Industry Life Cycle forward.

Industry Life Cycle business application is in the process of being written by our faculty. If you want to encourage pushing up the priority of Industry Life Cycle, then please comment below, and use the share buttons on the left. The more, comments and shares the more we push the creation of Industry Life Cycle forward.

Industry Life Cycle professional tools are in the process of being created by our faculty. If you want to encourage pushing up the priority of Industry Life Cycle, then please comment below, and use the share buttons on the left. The more, comments and shares the more we push the creation of Industry Life Cycle forward.

Industry Life Cycle further reading is in the process of being found by our faculty. If you want to encourage pushing up the priority of Industry Life Cycle, then please comment below, and use the share buttons on the left. The more, comments and shares the more we push the creation of Industry Life Cycle forward.