The strength of each of the six driving forces of industry competition varies according to the

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The strength of each of the six driving forces of industry competition varies according to the stage of industry evolution. As the industry evolves, the relative importance of each factor may shift. For example, in the early stages of an industry, technological change may be the most important driving force, whereas in later stages, competitive rivalry may become the most significant factor.

The Strength of Each of the Six Driving Forces of Industry