Week 3 Discussion Management and Growth

Anonymous
timer Asked: Oct 15th, 2018
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Question Description

Discussion 1: “Developing Successful Stage I and Stage II Organizations.” Please respond to the following:

  • Describe the key problems and challenges involved in building a successful new venture in Stage I.
  • Discuss the challenges of developing a successful Stage II organization during expansion. Why do you think that many successful Stage I firms struggle in Stage II during expansion?


Discussion 2: “Developing a Successful Stage III Organization.” Please respond to the following:

  • Discuss the key problems facing an organization as it changes from an entrepreneurship to a professionally managed company in Stage III.

Tutor Answer

shellyt
School: University of Virginia

Attached.

Running head: MANAGEMENT AND GROWTH

Management and Growth
Institution:
Date:

1

MANAGEMENT AND GROWTH

2

Starting a new business can lead to profits in the future. However, there are many
challenges which an individual experience when starting a new venture in stage one. To build a
successful venture, one is expected to face challenges and problems. The way one responds to
these challenges determines to a larger extent whether the venture becomes a success or not.
Among the key challenges is finance. To build a successful new venture, finance stands out as a
key problem that many entrepreneu...

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Anonymous
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