Executive StatementEvery line of reasoning goes through the four business stops, whether it be a successful or unsuccessful enterprise. These confronts atomic number 18:1. face2.Growth3.Maturity4.Post-maturityThese four stages are the lifecycle of a business. A business goes through these stages from when it starts, till its cessation, and its duration is determined by the skill and creativity of the entrepreneur, and the success of the business.
Establishment Stage-This stage is when the business is at a high school adventure of failure, as it is its first stage- its birth, and it needs to gain a high income to cover the cost of setting up the business, and create a positive cash flow.
Strategies such as good prep and market research are essential at this stage for the business to succeed.
As you smoke see in the diagram, this is the stage where the business is still trying to get a terms in the industry, and needs to use marketing tricks to beat the ambition and get a good name.
Growth Stage-This is the stage when the business is accelerating and income is generally high. The business has a good name, and can turn over a bit of slack, but to gain the advantage, the business moldiness remain dynamic, and the entrepreneur can?t relax.
?Takeover- this occurs when matchless enterprise overtakes another bypurchasing and controlling interest.
Mergers and takeovers occur when companies have the disposition to expand. The advantages of expanding include eliminating competition, and increasing income.
Mergers and takeovers can occur by:i. plumb integration ? happens when the enterprise expands at different, yetrelated levels. Backwards integration is when a supplier is taken over by itsbuyer.
ii. Forward Integration ?...If you want to get a full essay, order it on our website: Orderessay
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