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They can increase their control over resources by growing and becoming larger. Growth allows an organisation to increase its division of labour and specialisation and thus develop a competitive advantage. An organisation that is able to acquire resources is likely to generate additional resources that allow it to grow further. Over time, organisations transform themselves - they become something very different than they were when they started.
The organisational life cycle is a sequence of stages of growth and development through which organisations may pass. The four stages of the organisational life cycle are birth, growth, decline and death...
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Common topics in this essay:
- Growth & Life cycle of Organisations
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