Climax Community
Climax markets (enterprise ERP, credit cards, legacy semiconductors) feature intense competition, entrenched incumbents, high switching costs, and incremental innovation.
A climax community is a stable, self-sustaining assemblage of species where composition changes slowly. Climax communities aren't 'better' than pioneer or seral communities - they're adapted to mature conditions (deep soil, stable resources, competitive intensity) that pioneers and seral species can't survive. Climax communities are the most competitive ecosystems, not the least.
Business Application of Climax Community
Climax markets (enterprise ERP, credit cards, legacy semiconductors) feature intense competition, entrenched incumbents, high switching costs, and incremental innovation. Strategy: K-selection - invest deeply, move slowly, protect existing customers. Don't apply pioneer strategies (fast iteration, high burn) to climax markets.