Strategic Management
3rd Edition
ISBN: 9781259420474
Author: Frank T. Rothaermel The Nancy and Russell McDonough Chair; Professor of Strategy and Sloan Industry Studies Fellow
Publisher: McGraw-Hill Education
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Chapter 1, Problem 1MS
Summary Introduction
To explain: The effect of the industry growth on the decision.
Expert Solution & Answer
Explanation of Solution
The effect of the industry growth on the decision:
The effect of the industry growth will have some effect on the decision of the new career of a person. The impact will be the most important concern while selecting the new career.
If the goal of Person X is to become the head of a large company, the market growth of the company and its expansion factors will be given higher priority. But, the success of a person in his / her career can be achieved at different places.
Hence, for Person X it is essential to identify a company which has good leadership traits and work culture and not worry too much about the market growth and the industry effects of that particular industry.
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