![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhBmvEjr8GQbyE6G51VxQofTj6PHAWZ-43JTWwSRjK-gYnjbpssHUKiifrg5cc6ETskD3dAoXZQrT9_tviv9_n7jofkulytww2KDYtQ3KMNKrPnWojZX8APPk95EvVGC7Mv3Oybcg8HaSo/s320/industry+consolidation+life+cycle.jpg)
According to the article "The consolidation curve, Deans,Kroeger, Zeisel Dec.2002, Harvard Business Review" each industry goes through this cycle. A full cycle takes approx. 25 years. If you know where your industry stands you can optimaze your investment strategy e.g. growth v.s. value etc.
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