please help business studies students (1 Viewer)

[mandiii]

when a business is in the growth stage of the business lifecycle, what sorts of challenges will the business face due to being in this stage???????

reply asap....thanksss

 

[Nasonex]

this is the stage where the business makes alot of shit.

They would need to hire more dumbcunts, because of the high demand for their goods.

 

[Aerath]

Shouldn't you have this in your textbook?

The only thing I can remember from Year 10 BS is that the growth phase is where the business might expand too quickly, and this means, purchasing too much stock, and hiring too many personnel.

 

[Foxodi]

It's true, the textbook has beautiful massive tables for those stages... Try looking in it

 

[catherinet]

Just a few off the top of my head:
Stock control, the business owners need to determine the best method of controlling their inventory.
Businesses may need to outsource some functions of the business as the employees roles become more specialised.
Businesses need to follow opportunities that would help sustain the growth of the business. (Like changing the legal structure to a partnership or public/private company)


There should be a stack of them in your text book!

 

[Dilan1]

1. There is no proper support structure
2. Unable to keep up with the levels of growth
3. Owner trying to do everything him/herself

 

[SG1991]

Increased profit

Managing liquidity by bugdeting

 

[terminator69]

- Sales/profits increase.
- More divisions have to be made. eg more staff.
- May need to outsource.

 

[spoonbender]

-Expanding too rapidly and therefore losing control of the business's direction
-Moving away from the core business activities
-Business may not have enough experience in new areas
-The need for finance to continue growth


Copied from my textbook of course.

 

[Holden56]

hey hey

yeh just like maintainin there cash flow, keeping their customer base and stuff so after maturity they stay alive