What are the stages of a corporations life cycle How can a c

What are the stages of a corporation\'s life cycle? How can a corporation\'s life cycle be extended? What is strategy implementation? What questions must strategy makers consider to begin the implementation process? It is important to assess the strategy-culture compatibility when implementing a new strategy. Do you think that culture follows strategy, or does strategy follow culture? What is Six Sigma? Why would a company want to implement it?

Solution

Explanation:

There are 10 life cycle stages of corporation and each have different perspective in it

-Courtship

- Infant

- Go-Go

- Adolescent

- Prime

- Late Prime

- Aristocracy

- Recrimination

- Bureaucracy

- Death

Courtship:

This is the initial stage of companies where the company has not born yet but there is commitment is started to begin in owner or founder of company and working on it hard.

Infant:

The stage where company has just started and taking baby steps where it struggle to maintain its position in market among big established players. In this stage company will face shortage of cash, lower sales, lack of market experience.

Go - Go:

In this stage company is progressing slowly with hard work and dedication of founder, founder will accept any opportunity that is put against him as he struggling to make his mark in market, no clear sense where to go and what to accept.

Adolescent:

Stage where dealing is hard to done and founder had fear of losing onto business, task of running business is hard for him as structure is not so clear like a teenager don’t know what to do with their future. There will be less flexibility.

Prime:

This stage is like twenties of people where he started to go on perfect track with life organization will stay in profits and taste the success after long waiting. Focus will be on present situation based on past decisions of company.

Late Prime:

This is the stage where aging will be seen far from founder’s view although it’s not in aging process but we can say that we can feel in next few year there will be wrinkles on skin. Organizations have better taste of success but become complacency. Finance will be offer control for short term goals.

Aristocracy:

This stage is where company will acquires another business instead of focusing on starting a new one and no progress feeling started inside, run out of new challenges.

Recrimination:

Started to feel that company is unable to satisfy the customer enough and customer suddenly becomes headache for business. Business will be declined too much and market position will be lost.

Bureaucracy:

This will be only survival option for the company, where different policy will be taken into consideration and if government feel that company is worthy for survival they will help it to survive and given the support to stay in market for long time.

Death:

In this stage company get bankrupt or being sold.

- In later stage of company where death is going to happen for the company if anyone want to extend the life cycle of company he start beginning revival of company. Company will be sold to the successful person and the reverse investment being done where the owner will change the company was operated and bring it to maturity stages will financial help and injecting it with more working capital, and better operation management of company with efficient staff.