Emerging Industry is an industry that has a growing sales across all the companies in the industry based on the growing demand for the relatively new products, technologies, and services made available by the firms participating in this industry.
An emerging Industry is a newly formed or reformed industry that typically is created by technological innovation, newly emerging customer needs, or other economic or sociological changes. Emerging industries of the last decade have seen the internet browser, fiber optics, solar heating, cellular telephone, and online services industries.
“An emerging industry is a group of companies in a line of business formed around a new product or idea that is in the early stages of development.” This industry generally includes only a few companies and is sometimes centered on new technology. These industries very quickly come into existence when one technology starts to eclipse and replace old technology.
Stocks of organizations in emerging industries are sometimes volatile and can face wide price fluctuations. It is difficult to value such organizations, specifically, if they possess little revenue or have not made a profit yet.
More from this Section
- Open-book management
A motivational approach in which an organization’s financial statements are shared with ...
Quality as the ability of a product or service to reliably do what it’s supposed to ...
Telecommuting is a job approach in which employees work at home and are linked to the ...
- Horizontal boundaries
Rules of communication, access, and protocol for dealing with different departments or ...