Mayo615's French Odyssey Week 11 Report
Channel: Mayo615
Date: 2019-06-10

Hello! 
…and welcome to the Week 11 Update of Mayo615’s Odyssey to France, and how to transform Big Ideas into Big Realities. 
Anyone starting a new company should understand the concept of the “corporate life cycle”, and use it as a guide for understanding where the company is in that cycle, to understand the risks at each stage, and to recognize the need for action to change course. This graphic shows a typical corporate life cycle and different possible paths as the company matures. Management of the corporate life cycle also dovetails with the concept of a “strategic inflection point,” which I briefly discussed in my Week 5 Report, The Internet of Things. John Chambers, the former CEO of Cisco Systems has pointed out that the rapid acceleration in market changes has also accelerated the corporate life cycle, emphasizing the importance of understanding it. Companies abound that were initially very successful and yet eventually closed their doors, or were acquired because the company did not anticipate market changes and the need to adapt to the new situation. 
Remember that my website, mayo615.com has over 400 posts on a wide range of management and technology topics, including the corporate life cycle and strategic inflection points.
That’s my management update for this week. We look forward to your comments and questions. We will respond to all comments and may feature comments in our update videos. If you like what you see here, recommend us to others and click here to SUBSCRIBE NOW