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Reviewing Industry Life‐Cycle Theory: Avenues for Future Research

27 Pages Posted: 5 Nov 2011  

Mirva Peltoniemi

University of Jyväskylä

Date Written: December 2011


This paper explicates the key mechanisms and research themes of industry life‐cycle theory and assesses the extent to which empirical evidence supports such an approach. It is based on a review of 216 industry life‐cycle studies. The review of the theory is organized around industry emergence and transition to industry maturity. The key research themes concern changes in industry structure, changes in the nature of innovation, and the determinants of survival. Three potential special cases, i.e. services, complex products and systems, and cultural industries, are identified, and five research questions for future enquiry are presented.

Suggested Citation

Peltoniemi, Mirva, Reviewing Industry Life‐Cycle Theory: Avenues for Future Research (December 2011). International Journal of Management Reviews, Vol. 13, Issue 4, pp. 349-375, 2011. Available at SSRN: https://ssrn.com/abstract=1955094 or http://dx.doi.org/10.1111/j.1468-2370.2010.00295.x

Mirva Peltoniemi (Contact Author)

University of Jyväskylä ( email )

Seminaarinkatu 30
Jyväskylä, 40100

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