What comes after the 'Take-Off' stage in the Business Life Cycle?

In the Business Life Cycle, the stage that follows the 'Take-Off' phase is characterized by the business entering a more stable and established period of growth and operation. 'Resource Maturity' reflects the point where the organization has developed its capacity, resources, and capabilities to operate efficiently and effectively on a larger scale.

During this phase, businesses typically optimize their operations, refine their processes, and solidify their market position as they move beyond the initial growth phase. By focusing on resource maturity, companies can strategically allocate their resources toward sustaining long-term growth, increasing efficiency, and enhancing competitive advantage. This maturation process involves leveraging the foundation built during the 'Take-Off' stage to foster stability and continued expansion in the marketplace.

The other options pertain to different stages or strategies but do not represent the immediate next phase following 'Take-Off.' For example, 'Success' often describes a general outcome of successfully navigating earlier phases rather than a specific next step. 'Pivot or Persist' refers to a decision point during uncertainty rather than a definitive stage of growth, while 'Exit Plan' usually relates to strategies for leaving the business rather than its progression.