EXAMPLE OF BAD DECISION MAKING:RCA. In the 1960s, RCA began to diversity beyond the scope of its traditional business. It bought an unrelated set of companies, including publisher Random House in 1965, car rental company Hertz in 1967 and frozen food maker Banquet in 1970. The company became hard to manage and it was eventually sold to General Electric Co. (NYSE: GE) in 1986.
In this example: 1. this company bought to many businesses at once causing them to lose lots of money. 2. It became hard to handle so many businesses. 3. So they had to sell the whole company.
How would a manager use the business life cycle to assist in making decisions? So that can track if the Decisions they are making are leading them in the right path to grow or maturity and to stay away of decline. but all decision's do not have the same answer and each one effects the business differently.