Business Report Layout Essay
A major company reconstruction and reorganization may be required at this stage (refer to diagram). Marketing strategies. Now the enterprise is undergoing one of four different possible outcomes (refer to diagram). These stages are as follows: Steady – The business is not expanding or declining, income remains same as in the maturity’ stage. Customers are satisfied, but if the business wishes to increase profits, action must be taken. Decline – Customers arena satisfied with the product or good at the current price, and income and loyalty drops.
Recovering from a decline can prove difficult, as taking out loans becomes hard, suppliers restrict their credit, product become obsolete, employers may leave, and if it’s a public company, share price will drop. Renewal – a smart business will solve a problem before it happens. To prevent a decline from happening, an enterprise may consider renewing their company. Renewal includes conducting market research for new product or goods, and then based on the results, selling new and improved products to the economy.
Cessation – Business either decided to end, or it didn’t anticipate a loss in sales, resulting in it going broke. This could be due to bad management, lack of market anticipation, fear of
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