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When new ventures enter high-growth industries, their success rates would be higher than when they enter the industries under low growth and high competition[33, 34].
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Craftsmen used to enter the industry through family connections, but the supply is dwindling.
Now, Japan is expected to enter the industry, and both Boeing and Airbus Industrie want it as a partner.
This situation invited several attempts by newcomers to enter the industry, but all proved unsuccessful.
Nor does it encourage competitors to enter the industry, which many regard as an oligopoly.
"Once you enter the industry, bits of paper don't count for anything.
Offering tutoring and work experience, Roux attempts to help his team enter the industry.
Typical employers for graduates keen to enter the industry include breeding companies, training yards, promotion companies and rural leisure industries.
Regulators will need to watch out for opportunists tempted to enter the industry given the frothy valuations agencies now enjoy.
People choosing to enter the industry don't — believe me — do it for the money or the career prospects.
"Many who enter the industry come from a design background, or increasingly, from a hybrid background," says Ronald.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com