God, grant me the serenity to accept the things I cannot change, The courage to change the things I can, And the wisdom to know the difference. (Serenity Prayer, Reinhold Niebuhr)

Industry Structure Analysis

Industry Evolution

  1. Fragmented - new industries form and grow with a variety of smaller firms who compete on various differientiating propositions. Over time, weaker competitors either go out of business or get purchased by better performing competitors. Eventually, most industries move on to the second form:
  2. Consolidated - the merger or acquisition of many smaller companies into a few much larger ones (Wikipedia).

International Industry Types