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EBK STRATEGIC MANAGEMENT: CONCEPTS
3rd Edition
ISBN: 8220102807938
Author: Rothaermel
Publisher: YUZU
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Question
Chapter 1, Problem 1MS
Summary Introduction
To explain: The effect of the industry growth on the decision.
Expert Solution & Answer
![Check Mark](/static/check-mark.png)
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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