The main challenges for a business in the introduction stage of the organizational life cycle is ________.
A) beginning the process of transitioning the owner from a hands-on supervisor to a more managerial role and developing business partnerships
B) developing business partnerships and making sure the initial product or service is right
C) determining whether the owner of the business and the current management team is capable of taking the business further and developing systems and procedures
D) developing systems and procedures and beginning the process of transitioning the owner from a hands-on supervisor to a more managerial role
E) making sure the initial product or service is right and starting to lay the groundwork for building a larger organization

Question

Quizplus · Accepted Answer

In the introduction stage of the organizational life cycle, the main challenges for a business are to make sure the initial product or service is right and to start laying the groundwork for building a larger organization. This includes developing a solid brand and marketing strategy, establishing processes for production and delivery, and creating a strong customer base. Developing business partnerships and transitioning the owner from a hands-on supervisor to a more managerial role may come later in the growth stage. Determining whether the owner and management team are capable of taking the business further and developing systems and procedures is also important but may be addressed in later stages.

The Main Challenges for a Business in the Introduction Stage