Describe the life cycle of an organisation. What are the components of Human Resource Development under HRM that play a significant role in the life cycle of an organisation?

The organizational life cycle is the life cycle of an organization from its creation to its termination. It also refers to the expected sequence of advancements experienced by an organization, as opposed to a randomized occurrence of events. The relevance of a biological life cycle relating to the growth of an organization, was discovered by organizational researchers many years ago. This was apparent as organizations had a distinct conception, periods of expansion and eventually, termination.

Generally, there are five stages to an organization's life cycle

Stage 1: Existence : Commonly known as the birth or entrepreneurial stage, “existence” signifies the start of an organization's expansion. The main importance is centered around the acknowledgement of having an adequate number of customers to keep the organization or business active.

Stage 2: Survival : At this stage, organizations look to pursue growth, establish a framework and develop their capabilities. There is a focus on _______ ______ _________ ___ ___ _________ ________ _________ ________ _______ _____.
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