By Stage 3 of growth for an entrepreneurial firm, the owner should start implementing more structured control systems.

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By Stage 3, the entrepreneurial firm is experiencing rapid growth and increased complexity. To maintain control and alignment with strategic objectives, the owner should start implementing more structured control systems. These systems include formalized policies and procedures, internal controls, reporting and measurement systems, and performance management systems.

By Stage 3 of Growth for an Entrepreneurial Firm, the Owner