Identify a true statement about entrepreneurial firms.

Question

Quizplus · Accepted Answer

Entrepreneurial firms typically start small and have limited resources, which makes it difficult for them to manage an organizational structure. As such, they tend to have a flat organizational structure, with a limited number of employees, typically between 5 to 50. While some entrepreneurial firms may grow to have more than 100 employees, it is unexpected for them to do so. They tend to focus on growth in terms of revenue and profitability, rather than headcount. Therefore, option D is a true statement about entrepreneurial firms.

Identify a True Statement About Entrepreneurial Firms