Given that each corporate lifecycle requires a different str

Given that each corporate life-cycle requires a different strategy. Do you think a corporation’s view of internal and external factors changes with its life-cycle?

Solution

Yes, over a period of time, as organization passes through different life cycle, the external factors such as political, economic, social, technological, environmental and legal conditions changes. Every other a day the economy changes, new technological inventions comes in place and is disrupting the existing system.

To adapt to these changes the internal factors tend to change. Often the internal factors change due to the effect of external factor and competition. These internal factors such as Strength, Weakness, Opportunities and Threat change over a period of time, over the entire life cycle.