The Corporate Life Cycle - Stage 7

The Corporate Life Cycle - Stage 7
Let's recap the stages to date:1. Brainchild2. Birth3. Infant4. Toddler5. Adolescent6. Prime (Adult)So to Stage 7. - EARLY DECLINEBusinesses that do not reinvent themselves at the PRIME stage inevitably go into early decline. Sales begin to decrease, customer numbers fall, competitors seize their market-share, past profits reduce and the business starts to make losses.So what does the business do? It fires its CEO and replaces him/her. BUT they are not addressing the problem which lies at t...

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