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
- Spring '12
- Management, New Jersey, Saddle River, New Jersey, Bergen County, New Jersey, Allendale, New Jersey