Criticality of Business Health Check -
Business expansion is a critical step in the survival of the firm. Unlike in the olden ages where a well-established business could go on for generations without going through a significant change, the current business models need constant expansion, improvisation as well as structural and constitutional changes to have the upper hand in the market. It is partly due to the over-competitive nature of the market, and partly due to a reduction in the research and development lifecycle for consumer products.
Business expansion is a critical step in the survival of the firm. Unlike in the olden ages where a well-established business could go on for generations without going through a significant change, the current business models need constant expansion, improvisation as well as structural and constitutional changes to have the upper hand in the market. It is partly due to the over-competitive nature of the market, and partly due to a reduction in the research and development lifecycle for consumer products.
- Category
- Management

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