AFM241 Lecture Notes - Lecture 6: Critical Thinking, Unique Key, Business Analytics

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM241
• Professor: Theophanis Stratopoulos

Document Summary

The lifecycle of a new capability in a new-to-the world organization begins with the founding stage, which lays the basis for subsequent development of the capability. A development stage follows this initial stage, marked by gradual building of the capability. Eventually, capability building ceases and the capability reaches the maturity stage. Once the capability reaches the maturity stage, or even before then, a variety of events may influence the future evolution of the capability. The capability then may branch into one of at least six additional stages of the capability lifecycle: retirement (death), retrenchment, renewal, replication, redeployment, and recombination. These six stages may follow one another in a variety of possible patterns over time. Some of these branching stages also may take place simultaneously. Importantly, in each branch of the capability lifecycle, historical antecedents in the form of capability evolution prior to branching influence the subsequent evolution of the capability. h&p 2003 foundation- development-maturity-