SPECIFICATION OF THE FIRM LIFE CYCLE IN CHOSEN INDUSTRIAL SECTOR

The life cycle of the firm is general abstract expression of the firm existence in the business environment. The business environment has its own specifics in each industrial sector. It is therefore logical, that life cycle of the business will have also its specific attributes reflecting the industry sector, in our case - mining. In the article are analyzed each phases of the business life cycle and we try to specify differences and development of the life cycle business in the chosen industrial sector towards theoretical model of the business life cycle.