scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 1,239
Managing Life Cycles Influences in an Organization For everything in life there is a season and the same holds true for business There is a life cycle that successful businesses inevitably pass through They endure the perils up start-up often on a shoestring they grow to greater size and stability permitting the owners to think about building wealth for themselves and their employees and they progress to a point where owners have to think about valuing and succession or sale of the business Forbes p9 Your intelligence gathering--what you need to know and when you need to know it--will vary depending on the cyclical speed of the industry life cycles When you recognize cyclical trends you will be able to determine effective intelligence strategies If you work in a relatively new industry you will want to identify potential new or would-be surprise competitors Near the end of the growth stage you will need intelligence that will help hold market share during the markets eventual decline Inside R D p NA Start Up Stage The start up stage is the most trying stage A newly formed company is still testing out the waters Expenditure is high and usually greater then the revenue due to start up costs and other start up fees This is the time where you need to have strong management personnel that will stick with the company during the not so lean times They have to have clear defined goals that they can pass on to their department Each stage also demands different talents and perspectives and new leaders usually have to be brought in as businesses progress The visionary who is well suited to leading a new business through its early experimental stages is often poorly equipped to guide the venture through the expansion and integration stages when sales and organizational skills become more important than bold thinking and creativity Garvin 2004 The managers job is three-fold
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA