this question is for the BA341 course. Explain the stages in the corporation. discuss stage 1

Expert Solution

- Stages in the corporation :

Seed and development stage
Start up stage
Growth and establishment stage
Expansion stage
Maturity and possibly exit stage

- Stage 1 : Seed and development stage : - This is the very beginning of the business lifecycle, before your startup is even officially in existence. You’ve got your business idea and you are ready to take the plunge. But first you must assess just how viable your startup is likely to be.

At this stage, you should garner advice and opinion as to the potential of your business idea from as many sources as possible: friends, family, colleagues, business associates, or any industry specialists you may have access to. Ultimately the success of your business will come down to many factors– including your own abilities, the readiness of the market you wish to enter and, of course, the financial foundation in place.In some ways, this is the soul-searching phase. It’s where you take a step back and consider the feasibility of your business idea, and also ask yourself if you have what it takes to make it a success.

jeff jeffy answered 2 years ago

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