The Corporate Life Cycle - Stage 8

The Corporate Life Cycle - Stage 8
Stage 8 of the life cycle - BUSINESS DEATHThe business has milked its success at PRIME. It has become complacent and then arrogant. It fails to move with the times and re-invent itself. In EARLY DECLINE when profits turned to losses and losses began to grow it acted too late and its decline continued.It is now beyond saving.In a desperate bid to stave off its inevitable demise it calls in a big management consultancy to rescue it and their bill finishes it off!Businesses fail because owners...

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