Entrepreneurs thrive in high-growth evolving markets. There is more revenue to compete for every year, and entrepreneurial innovation can be a key driver of value creation. However, every growth market must mature eventually, and entrepreneurs must be able to navigate the transition to maturity. Often the very basis for competition and value creation will change radically when a market matures.
What Can We Learn From Innovation in Mature Industries?
What Can We Learn From Innovation in Mature Industries? | Tim Kastelle
Show less Teens are often called immature by their parents or older peers. Because of this, you might be on a mission to become more mature. In general, maturity comes with age—you may not be able to truly mature until you go through different life experiences. Still, if you want to come off as more mature to others, there are a few areas you can tweak. Become more mature by improving your behavior, emotional responses, intellectual abilities, and communication style. An important part of acting mature is controlling your emotions, so try your best not to take your feelings out on other people.
50 Examples of Corporations That Failed to Innovate
All industries have similar life cycles. Knowing where your company stands in the process can help you plot a winning strategy. Everyone knows that most new industries are fragmented and consolidate as they mature. But how does that work exactly? Our long-term analysis of mergers around the globe has found that most industries progress predictably through a clear consolidation life cycle—and that companies can plot with some precision where they fall in the cycle.
Mature Industry An industry at the stage in its life cycle where it grows at the rate of the economy at large. This is marked by earnings growth or shrinkage in line with most of the rest of the economy. Companies in mature industries often pay higher dividends than those in a growth industry or a transition industry.