In the stage of inaction, managers may acknowledge the need for change but yet do nothing as organizational performance issues become increasingly obvious.
According to certain statistics, competition is the leading factor in organizational decline. Industries that are making above-average earnings draw competition. Then, more businesses start to enter this sector. As a result, established organizations experience a higher rate of deterioration.
the stage of a product's life cycle when sales are declining because the initial demand or want has subsided or because a new product innovation has been released (after the introduction stage, growth stage, and maturity stage).
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