Business Growth & Decline. 9.1 Preliminary Topic: Nature of Business. Syllabus. stages of the business life cycle establishment growth maturity post-maturity responding to challenges at each stage of the business life cycle factors that can contribute to business decline
9.1 Preliminary Topic: Nature of Business
establishmentgrowth (incl mergers & acquisition)maturitypost-maturity
The business life cycle refers to the stages of growth and development a business can experience.
The stages are: establishment, growth, maturity and post-maturity.
In each stage of the cycle, a business is confronted with new challenges and presented with different opportunities.
Lack of Management Expertise
Businesses don’t plan to fail, they fail to plan.
A company has two options when facing financial difficulties:
Voluntary & involuntary Cessation