Corporate Life cycle and Strategic Implementation (Essay Sample)

Corporate Life cycle and Strategic Implementation Student’s Name Institutional Affiliation stages of a corporation's life cycle Industries and corporate organizations undergo different operational stages. These stages are used to define and determine a business or a firm’s position at different developmental phases. Corporate life cycle of a firm or an industry is a description of phases or positions through which a firm undergoes from establishment, growth, development to stagnation or death (Michael, Ireland, & Hoskisson, 2009). These phases or rather stages include are stated as birth, growth, maturity and death. Each stage in a corporate life cycle is defined and distinguished by specific and definite characteristics (Michael, Ireland, & Hoskisson, 2009). Google Inc. has undergone and successfully passed two of the phases of corporate life cycle. The birth stage of a firm is also known as the startup stage. This stage characterized by accumulation of capital and recruitment of staff. It may also experience financial constraints. Google was born and founded by Larry Page and Sergey Brin in 1995. During the start up phase, the firm faced critical financial hardships. This prompted the founder to partner with other individuals and companies. The company growth stage was characterized by incorporation in 1998 as well as registration into the IPO market in 2014. Strategic implementation Strategic implementation refers to the plans and policies that a firm must adapt and effectively follow in order to accomplish corporate goal and objectives (Hunger, Hoffman, & Bamford, 2015). Strategic implementation in a firm is more efficient and conducive where the employee and staff are incorporated in driving the strategic plan. The motivation of shareholders and implementers of strategic developmental objectives is crucial (Levitt, 2016). In Google Inc, members of staff are inspired and motivated to work consistently to deliver the mission of the company. Proper communication as well as incorporating the objectives and goals of the company in the day to day activities is a big stride in strategic implementation (Levitt, 2016). Approaches used to identify potential employees Different companies use different systems to prepare for promotion as well as promote workers and staff. One of the most effective systems used is reasonable performance appraisal system (Levitt, 2016). The system is efficient is identifying the most qualified worker for a given position. Also, some firms have adapted v...