Your textbook discussed some of the strategic issues that arise as industries go through different life cycle stages: explain Management's strategic priorities at each life cycle stage. What must companies do to successfully cross "the chasm?" 2. Describe the advantages and disadvantages of being a first mover or a follower in a high-tech industry. 3. In his writings on "national competitive advantage," Michael Porter identified attributes of a nation that affect the global competitiveness of industries located in that nation. Describe those attributes. How can they endow a country's particular industry with comparative advantages over the same industry in other countries