Final answer:
Company success relates to how well a company adapts to challenges throughout its life cycle, not a specific stage. The growth and maturity stages can bring different opportunities for success, but there are no guarantees.
Step-by-step explanation:
Some studies suggest that the success of a company is not guaranteed at any particular stage of its life cycle, but rather it is contingent on how well the company adapts to the challenges it faces as it moves from one stage to the next. It's clear that success is not independent of the life cycle stage, as various stages present different challenges and opportunities for growth. During the growth stage, companies may experience a surge in success due to expansion and increased market presence, but this does not mean success is guaranteed. In the maturity stage, companies often have a more established presence and potentially greater resources to manage challenges, which could lead to a higher likelihood of success. However, survivorship rates, or the likelihood of a company to continue thriving, are not consistent throughout the lifecycle and can vary widely depending on numerous factors, such as the effectiveness of management, market forces, and the company's ability to innovate and adapt.