This LinkedIn exchange asks why so many new entrants start up in growth industries when it’s obvious that most will fail. Another big case : during 2000-09 Europe added about 12 low-fare airlines – maybe 20 started and 8 failed? No – 60 started and 48 failed!
But I guess the industry dynamics make some kind of sense. In early years, the profit opportunity looks great (early airlines made ...Continue Reading →