Executive StatementEvery line of reasoning goes through the four profession 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 personal credit line. A job 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 line of merchandise. 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 run the cost of setting up the business, and create a positivist cash flow. Strategies such as good prep and market place 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 go away a terms in the industry, and needs to use marketing tri cks to beat the ambition and get a good name. Growth Stage-This is the stage when the business is accelerating and income is loosely high. The business has a good name, and evict turn all over a bit of slack, but to gain the advantage, the business mustiness remain dynamic, and the entrepreneur can?t relax. Growth can happen in a number of ways:?Merger- when demon separate companies agree to work togetherby combining their resources to form a new company and achieve a greater benefit.
?Takeover- this occurs when nonpareil enterprise overtakes another bypurchasing and controlling interest. Mergers and takeovers occur when companies have the impulse to expand. The advantages of expa nding include eliminating competition, and i! ncreasing income. Mergers and takeovers can occur by:i. fairly integration ? happens when the enterprise expands at different, yetrelated levels. Backwards integration is when a supplier is taken over by itsbuyer. ii. Forward integrating ?... If you want to get a full essay, order it on our website: OrderEssay.net
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