Industry Structure
Refers to the overall structure of an industry, which influences strategic decisions.
Implications
The organization and characteristics of an industry, including the number of firms, market concentration, barriers to entry, product differentiation, and the nature of competition, often used to analyze market dynamics and inform strategic decisions.
Example
Example: A strategic consultant examines the industry structure of the pharmaceutical sector, noting high barriers to entry, significant regulatory requirements, and a concentrated market dominated by a few large firms, advising clients on competitive strategies.
Related Terms
Different from industry trends, which focus on changes over time, industry structure is concerned with the existing organization and competitive landscape within an industry.
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