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From a planning perspective, a business would be much better off if life cycles were short....

From a planning perspective, a business would be much better off if life cycles were short. True or false

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Answer #1

True. We should always have short business cycles. Moreover, in case of a long term goal, we should even break it into short term goals, thus reducing the business life cycle. Short Life cycles helps us in realizing the resource utilization quickly and thus availing us with options of taking quick curative actions and hence improving effectiveness and efficiency of project. Moreover, due to short term business cycles, we achieve the benefits of our effort periodically and hence, assurance of business success. Moreover, Having short term projects helps us make market relevant outcomes, as in long life cycles there is a high possibility that the outcome loses its market relevance due to change in trend.

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