Response to the following problem:
Your company has been growing at 10% per year for each of the last five years. One of your major lines of business has become obsolete, so you decide on a sales growth objective of an average of 3% per year for each of the next five years.
The industry is growing at 5% and you have set a very modest market share objective of increasing it from 22.1% to 22.4%. Can this be achieved?
Explain why or why not in a few sentences.