Development Stage
Businesses and industries pass through four developmental stages:
- Embryo (new)
- Mature (stable)
- Growth
- Decline.
If you can't get direct information about your industry's developmental stage from books, articles or other sources, you will have to make some educated guesses based on the characteristics of these various stages.
If production or sales figures seem to be growing, leveling off or declining over time, this may indicate that the industry itself is at the growth, maturity or decline stage.
If no extensive time series data exists for your industry, it may be in the embryonic stage.
See the RRC Library E-Stat Research Guide and the Statistical Data Sources Research Guide for information on E-Stat and other sources of time series data.
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