At the __________ stage of the life cycle of entrepreneurial firms,the management challenge is one of fighting for existence and survival.

Question

Quizplus · Accepted Answer

During the birth stage of the entrepreneurial firm, the primary focus is on developing and introducing a new product or service to the market. The management challenge at this stage is to establish a viable business model, gain market acceptance, and generate revenue. Survival is a key concern during this stage, as many new ventures fail to make it past this point.

At the __________ Stage of the Life Cycle of Entrepreneurial