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tk-hassan
10-14-2020, 07:48 AM
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The business life cycle of an organization or company is very similar to the theory of the product life cycle and refers to 5 main successive stages of development of the company: start, growth, maturity, recession and reactivation of the company. At the moment, when you make the decision to set up a business, you are in the business life cycle.
Business Life Cycle

Each phase of the life cycle of an organization requires an organizational structure and specific management instruments. Each development period of the organization�s life cycle is considered in more detail.

Full Article Source: https://www.temok.com/blog/business-life-cycle-the-main-stages-and-their-challenges/