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

Info iconThis 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.  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 
Background 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

This note was uploaded on 04/03/2012 for the course BUSINESS M MGT 498 taught by Professor Tugtekingokaydin during the Spring '12 term at University of Phoenix.

Ask a homework question - tutors are online