Final answer:
To determine the current phase of the industry life cycle The Mauritius Commercial Bank Ltd is in, one must evaluate whether the bank is in decline or experiencing renewal after the banking crisis post-2007. Recent performance data is essential to make a precise analysis.
Step-by-step explanation:
Assessing the phase of the industry life cycle The Mauritius Commercial Bank Ltd is in requires understanding the characteristics of the various phases and applying them to the current state of the bank. In light of the provided information, which references a banking crisis following the subprime mortgage fallout after 2007, it indicates a period of turmoil in the banking industry with many banks facing potential bankruptcy. If The Mauritius Commercial Bank Ltd was affected similarly, it might have been in a decline phase, characterized by diminishing profits and an increased risk of failure due to the devaluation of assets.
However, without contemporary data on The Mauritius Commercial Bank Ltd's performance post-2011, it's difficult to ascertain the current phase accurately. Typically, the decline phase can stimulate restructuring efforts and adaptation to new market conditions that could lead institutions into a renewal if successful. Therefore, to identify the current life cycle phase of The Mauritius Commercial Bank Ltd, one would need to analyze the bank's recent performance and strategic initiatives in response to past challenges.