ADMS 1000 Chapter Notes - Chapter 7-12: Liquor Control Board Of Ontario
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Introduction phase: the quest of legitimacy in the early stage of industry life cycle, socio political legitimacy the endorsement of an industry, activity, or organizational form by key stakeholders and institutions such as the state and government officials, opinion leaders, or the general public, cognitive legitimacy the level of public knowledge about a new industry and its conformity to established norms and methods reflected in the extent to which it is taken for granted as a desirable and appropriate activity. Growth phase: de jure standard a standard that is legally mandated and enforced by a government or standard organization, de facto standard a standard that arises by virtue of common usage and is not officially sanctioned by any authority, shakeout a large number of exits from the market at the same time as the aggregate output of the industry increases; a natural and healthy, though painful, process for an industry to purge and weed out the weaker competitors.