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Answer the following in short essay form:
Listed below are ten industries. Classify each one as (a) emerging, (b) rapid growth, (c) mature / slow growth, (d) stagnant / declining, (e) high velocity / turbulent, or (f) fragmented.
Do research on the Internet, if needed, to locate information on industry conditions and reach a conclusion on what classification to assign to each of the following. Defend your conclusion.
1. Exercise and fitness industry
2. Dry cleaning industry
3. Poultry industry
4. Camera film and film-developing industry
5. Wine, beer, and liquor retailing
6. Watch industry
7. Cell phone industry
8. Recorded music industry (CD's, tapes)
9. Computer software industry
10. Newspaper industry
Exercise and fitness industry-(b) Rapid Growth- in this, the livings of an individual focuses on the healthier lifestyle. To decrease the growing epidemic of obesity, it concentrates on the mass media entertainment to publicize the growing and advanced health and wellness program ("Rapid Growth in Emerging Markets and Developing Economies: Now and forever?” 2014). Therefore, I at this moment conclude that this industry falls under the category of rapid-growth.
Dry cleaning industry-(d) Stagnate/declining- at the time of establishments, it is a belief that it is associated with the plethora of hazardous chemicals. Moreover, as it is impacted the green environment, the societal efforts in order to protect the planet becomes more important, so the use of this dry cleaners industry soon going to be decline in this era of technophile equipment’s that makes one individual to do their work themselves without seeking the perfection from a professional of doing it.
Poultry industry-(e) High-Velocity/Turbulent- as, worldwide, it is one of the fastest growing industry. As, there is high demand for poultry in most of the different cultures and ("Transition and Turbulence", 1997) the consumption of meat and eggs also in rose up by the consumers in this developing nations.
Camera film and film-developing industry-(d) stagnant/declining- as the industry on the path of the negative growth curve and most probably will continue to be in future also.
Wine, beer, and liquor retailing-(c) mature/slow growth- it falls into this category, as due to a heavy amount of internal and external competition among the first labels of brands in the market were regulated. Though, this industry, gives the variety of drinks, but it works according to the occasion or events. Therefore, I at this moment conclude that this industry falls under the category of mature/slow growth.
Watch industry-(c) mature/slow growth- nowadays, there is more focus on the luxury watches, it is the demanded element in the market that results in its growth as time span is the important factor that fitted on the wrist of an individual. Therefore, I at this moment conclude that this industry falls into the category of slow/mature growth industry ("COMPETING IN MATURE INDUSTRIES," 2016).
Cell phone industry-(b) rapid growth- as, it is one of the most wanted objects in the market. Its new features and design attract the youngsters in approaching it, as it seems trendy in hands of an individual ("Rapid Growth in Emerging Markets and Developing Economies: Now and forever?” 2014). Its High volume of demand due to its beautifully designed array of new technophile mobiles and moreover its useful accessories that make its advanced industry. Therefore, I at this moment conclude that this industry falls under the category of rapid growth.
Recorded music industry (CDs, tapes)-(d) stagnant/declining- nowadays, as it time for the new era of digital music, handy music, DJ’s, iPod, etc. So this industry moves towards the phase of declining path. Therefore, I at this moment conclude that this industry falls under the category of stagnant/declining.
Computer software industry-(e) high velocity/turbulent- yes, it becomes the most important aspect of each and every individual’s lives. Through the way of this industry, many things become easy to assess, though increases the growth of the sector and implement more and more of applications so to be in the lead of technology. Therefore, I at this moment conclude that this industry falls into the category of high velocity/turbulent ("Transition and Turbulence," 1997).
Newspaper industry-(d) stagnant/declining- this industry becomes weak as now everything becomes portable via the use of the internet. The news was shrinking at the fast pace due to the emergence of advanced technology, this way communication becomes easy to read and assess at anytime, anywhere, etc. Therefore, I at this moment conclude that this industry falls under the category of declining/stagnant industry.
COMPETING IN MATURE INDUSTRIES. (2016). Merrifield.com. Retrieved 26 March 2016, from http://www.merrifield.com/articles/1_1.asp
EMERGING MARKETS IN TRANSITION: GROWTH PROSPECTS AND CHALLENGES. (2014). Retrieved 26 March 2016, from https://www.imf.org/external/pubs/ft/sdn/2014/sdn1406.pdf
Rapid Growth in Emerging Markets and Developing Economies: Now and Forever?. (2014). Retrieved 26 March 2016, from https://www.piie.com/publications/pb/pb14-26.pdf
Strategy for Emerging Industries. (2016). Retrieved 26 March 2016, from http://auxilus.com/download/912-0005_Strategy_for_Emerging_Industries.pdf
Transition and Turbulence. (1997). Princeton.edu. Retrieved 26 March 2016, from https://www.princeton.edu/~asmits/Bicycle_web/transition.html