Pierce's new business rocketed upwards in its first year, but its progress stagnated thereafter. His mentor noted that Pierce was having a hard time "letting go"-giving his two best employees responsibility to take on assignments that they were obviously ready to handle. In fact, Pierce was needlessly and constantly "looking over their shoulder" to check their work. As evidenced by these reasons, Pierce's entrepreneurial venture was being threatened by his failure to
A) delegate.
B) plan.
C) go public.
D) use formal control systems.
E) properly use funds.

Question

Quizplus · Accepted Answer

Pierce's failure to delegate responsibilities to his capable employees is hindering the growth and success of his entrepreneurial venture.

Pierce's New Business Rocketed Upwards in Its First Year, but Its