Kit's new business rocketed upwards in its first year, but its progress stagnated thereafter. His mentor noted that Kit 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, Kit was needlessly and constantly "looking over their shoulder" to check their work. As evidenced by these reasons, Kit'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

Kit's failure to delegate his work and give responsibility to his employees is hindering the progress of his business. Delegation is an essential skill for entrepreneurs to ensure proper utilization of resources, timely delivery of projects and overall growth of the business.

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