| Commentary

11 Stage 4 — the peak stage

| Commentary

11 Stage 4 — the peak stage

Once a business has reached its peak, the tendency is to assume that from now on the only way is down. It is certainly true that imaginative leadership from the management team is essential to prevent atrophy and a slow decline. Following on from the comprehensive business review mentioned above, managers must be bold enough and energetic enough to embrace new ideas and, even more difficult at this stage in the life of the business, new blood. By now, competitors are bringing out new products and it is essential for the business to

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial