A Firm’s history is given in a timeline from its inception in Year 1995 to Current Year: 1995 Invented and filed patent for software that improved production process. 1997 Introduced new innovations...

A Firm’s history is given in a timeline from its inception in Year 1995 to Current Year:

1995    Invented and filed patent for software that improved production process.

1997    Introduced new innovations that went on the market at low price.

• Major sales growth with expansion of the market share.


• Another firm emerges as a serious competitor with new technology.

2003    Management observing its products are not doing good business decides to diversify.

• New chief executive takes up position.