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Sometimes the term business life cycle is used interchangeably with the organizational life cycle, while the two are different. The organizational life cycle is a more inclusive term for all kinds of organizations which includes even government organizations , but the business life cycle refers more specifically only to for-profit companies .
Enterprise life cycle (ELC) in enterprise architecture is the dynamic, iterative process of changing the enterprise over time by incorporating new business processes, new technology, and new capabilities, as well as maintenance, disposition and disposal of existing elements of the enterprise.
There are many practical case studies that have used the economic theories in the corporate development. [6] For example, the product life cycle theory has discussed the entire product life cycle based on the economic perspective, which can be categorized by introduction, growth, maturity and decline.
Using theory and methods drawn from such behavioral sciences as industrial/organizational psychology, industrial sociology, communication, cultural anthropology, administrative theory, organizational behavior, economics, and political science, the change agent's main function is to help the organization define and solve its own problems. The ...
The following outline is provided as an overview of and topical guide to organizational theory: Organizational theory – the interdisciplinary study of social organizations . Organizational theory also concerns understanding how groups of individuals behave, which may differ from the behavior of individuals.
Real business-cycle theory (RBC theory) is a class of new classical macroeconomics models in which business-cycle fluctuations are accounted for by real, in contrast to nominal, shocks. [1] RBC theory sees business cycle fluctuations as the efficient response to exogenous changes in the real economic environment.
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Modigliani, beginning in the 1950s, was an originator [9] of the life-cycle hypothesis, which attempts to explain the level of saving in the economy. [10] The hypothesis that consumers aim for a stable level of consumption throughout their lifetime (for example by saving during their working years and then spending during their retirement).