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4.2 The industry life cycle

The model of the industry life cycle represents an industry as if it were a biological organism going through the stages of birth, growth, maturity and decline. This helps us to understand how a particular firm can become the ‘leader of the pack’ through innovation. In Section 2 it was explained that an economic model is a deliberate simplification of the world, which helps to provide a systematic way of thinking about causa
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4.1 Introduction

This section will explore the interaction of technology and costs with market demand in shaping industrial structure throughout the industry life cycle. Many industries begin as a numerous and turbulent group of firms jostling for position, experimenting with new and idiosyncratic products, and turn into a much smaller, more stable number of firms, making standardised products by routine methods. In this section we add a rather different view of firms to that developed in Author(s): No creator set

3.1 Introduction

In this section the focus turns towards the supply side of the market, towards firms and industries, exploring the importance of costs and technological change in the organisation of production. The objective is to understand some of the different kinds of change in industrial structure, namely changes in the number and size of firms in an industry. One such change saw the emergence of Ford, initially one among many similar firms jostling for position in the US automobile industry, as the ind
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1 Technological change, demand and costs

The new economy

Over the past 40 years global computing power has increased a billionfold. Number-crunching tasks that once took a week can now be done in seconds. Today a Ford Taurus car contains more computing power than the multimillion-dollar mainframe computers used in the Apollo space programme. Cheaper processing allows computers to be used for more and more purposes. In 1985, it cost Ford
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1 Inclusive education: Knowing what we mean

There is no doubt that inclusive education is a contested area. Indeed, nationally and internationally, it is the focus of what Daniels has called ‘extraordinary debates concerning definition and ownership’ (Daniels, 2000, p. 1). In this opening section we will look at a range of perspectives on what inclusive education means – drawn from a variety of sources, both ‘official’ and individual. But first let us look at what inclusive education means to you.

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Episode 114: Growing bodily tissues: An engineering perspective

Biomolecular engineer Associate Professor Andrea O'Connor discusses the engineering behind growing tissues and organs. With science host Dr Shane Huntington.

Guest

Associate Professor Andrea O'Connor -


Author(s): up-close@unimelb.edu.au (University of Melbourne)

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Leading Innovation
Since innovation is “not necessarily always predictable,” Daniel Vasella declines to discuss it in a systematic way, and instead, focuses on a case study of one of his company’s flagship pharmaceuticals, Gleevec. The discovery, development and marketing of this drug, which fights the rare chronic myeloid leukemia (CM
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Episode Forty Nine: November 2010
Jon Snow on the art of war. Plus new perspectives with artist Clive Head, and rivalry: Florence vs. Siena.
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Obesity: Balanced diets and treatment
The incidence of obesity is on the increase in affluent societies, and the phenomenon commands increasing attention from health professionals, legislators and the media. This unit looks at the science behind obesity, examining the dietary, physiological and genetic aspects of the topic.
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The focus this semester will be a discussion and analysis of national, and in particular, international perspectives on promoting positive development through youth participation in, and leadership of, civil society. The course will present the work of scholars and practitioners who have pursued (a) the building of civil society through the strategy of youth civic engagment and the fostering of healthy individual development; and (b) the promotion of positive development through engaging youth i
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There’s a consensus here that m

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