{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

MGT 498 - WK 4 - out what a business life cycle is can...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Week 4 - Assignments Discussion Question #7 In the Week-4 assigned readings, what ONE concept was most intriguing to you and why? This may sound silly to some of you but the one concept that I found most  intriguing this week was the fact that a business would have a life cycle. I mean it  makes sense, but I have never thought of it in this way. Perhaps this is why I find it  most intriguing. In case, some of you are as surprised by this as I was, I will include a  quote from our textbook about this.  According to (Wheelen, & Hunger, 2010, p.  233),"The organizational life cycle describes how organizations grow, develop, and  eventually decline. It is the organizational equivalent of the product life cycle in  marketing."  Now we all know that both plants and animals have life cycles, but do find 
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: out what a business life cycle is, can really help us to understand many things about our organization our business. In our textbook, it mentions various stages our company will go through in its life cycle. For instance, the first is Birth, the second is Growth, the third being Maturity, fourth as Decline, and then the last being death. Which ultimately means the business will go under. I hope that any of us who plan to open a new business or are already running a business will not have to deal with the last stage, because for most of this it would mean that we failed. References: Wheelen, T. L., & Hunger, J. D. (2010). Concepts in Strategic Management and Business Policy: Achieving Sustainability (12th ed.). Upper Saddle River, NJ: Prentice Hall....
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern