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For a business to be successful in the early growth stage of the organizational life cycle, two impo

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For a business to be successful in the early growth stage of the organizational life cycle, two impo

For a business to be successful in the early growth stage of the organizational life cycle, two important things must happen:
A) a decision must be made whether the owner-manager or the current management team is capable of taking the business further and business partnerships must be established
B) the founder or owner of the business must start transitioning from his or her role as the hands-on supervisor to a more managerial role and increased formalization must take place
C) the founder or owner of the business must start transitioning from his or her role as the hands-on supervisor to a more managerial role and the business must be cash flow positive
D) increased formalization must take place and the business must achieve price-stability
E) a decision must be made whether the owner-manager and the current management team is capable of taking the business further and the organization must start laying the groundwork for future growth

Textbook

Entrepreneurship: Starting and Operating a Small Business

Edition: 3^rd

Authors: Mariotti, Glackin

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8 years ago

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Registered in a two-year entrepreneurship course

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