What is an organizational life cycle?

What will be an ideal response?

An organizational life cycle is a sequence of stages of growth and development through which organizations may pass.

The four principal stages of the organizational life cycle are birth, growth, decline, and death. Organizations pass through these stages at different rates, and some do not experience every stage. Moreover, some companies go directly from birth to death without enjoying any growth if they do not attract customers or resources. Some organizations spend a long time in the growth stage, and many researchers have identified various substages of growth through which an organization must navigate. There are also substages of decline. Some organizations in decline take corrective action, change quickly, and turn themselves around. The way an organization can change in response to the problems it confronts determines whether and when it will go on to the next stage in the life cycle and survive and prosper or fail and die.