[Autom. eng. transl.] The dynamics of the sector are the changes that lead to the birth, structural change and extinction of the sector. The sector: • arises as a result of an innovation in the satisfaction of customer needs, by subjects who see in this innovation the prerequisite for the generation of a profit, where by profit we do not mean a simple positive difference between revenues and costs, but a return higher than the cost of capital; • changes in a structural way on the initiative of those who work inside or outside the sector; • it is extinguished when the subjects that make up the sector recognize that the conditions for obtaining a profit by satisfying the needs of customers are no longer valid. Sometimes, extinction occurs with delay, due to the presence of "exit barriers" of various kinds.
|Translated title of the contribution||[Autom. eng. transl.] Sector dynamics and strategic change|
|Title of host publication||La strategia di business|
|Editors||P Russo, V Coda, G Invernizzi|
|Number of pages||37|
|Publication status||Published - 2021|