Which phase follows 'Survival' in the Business Life Cycle?

In the Business Life Cycle, the phase that follows 'Survival' is 'Success.' After a business has navigated the challenges associated with survival, which often involves stabilizing cash flow and establishing a customer base, it enters the success phase. During this phase, the business typically experiences growth and improvement in profitability. The focus shifts to optimizing operations, increasing market share, and honing strategic objectives to ensure sustainable performance.

In this phase, businesses might invest in marketing, product development, and enhancing customer relationships to capitalize on their established market position. Achieving success indicates that the business has moved beyond merely surviving and is now thriving, which is crucial for long-term sustainability.

While other options, such as 'Take-Off' and 'Resource Maturity,' represent important concepts in the broader discussion of business development, they do not directly follow the 'Survival' phase in the traditional sequence of the Business Life Cycle. 'Exit Plan' refers to strategies for transitioning out of the business, which also occurs later in the lifecycle. Thus, 'Success' is the most accurate subsequent phase following 'Survival.'