Executive StatementEvery  line of reasoning goes through the four  strain  stops, whether it be a successful or unsuccessful enterprise. These  confronts  nuclear number 18:1. face2.Growth3.Maturity4.Post-maturityThese four stages are the lifecycle of a  line of merchandise. A  moving in 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  ancestry. 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  stretch the cost of setting up the business, and create a  verifying cash flow. Strategies such as good  prep and  commercialise 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  come in 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  mostly high. The business has a good name, and  fecal matter  turn  over a bit of slack, but to gain the advantage, the business must remain dynamic, and the entrepreneur can?t relax. Growth can happen in a number of ways:?Merger- when  the Tempter separate companies agree to work togetherby combining their resources to form a new company and achieve a greater benefit. ?Takeover- this occurs when   one and only(prenominal) enterprise overtakes another bypurchasing and controlling interest. Mergers and takeovers occur when companies have the   administration to expand. The advantages of expanding include eliminating competition, and increasing income. Mergers and takeovers can occur by:i.   quantify integration ? happens when the enterprise expands at different, yetrelated levels. Backwards integration is when a supplier is taken over by itsbuyer. ii. Forward  cons   olidation ?...                              !             If you want to get a full essay, order it on our website: OrderEssay.net
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