During the collectivity stage, Jeff, Bill, and their associates work long hours for low pay, and the business continues to grow. Their continued success will force them to enter the next life-cycle stage in which they must:
A) create a stronger family feeling among associates.
B) improve efficiency in operations.
C) streamline the management hierarchy.
D) utilize informal decision-making processes.
E) reward creativity and innovation.

Question

Quizplus · Accepted Answer

As the business continues to grow, the owners will need to focus on improving efficiency in operations to maintain profitability and sustainability. Streamlining the management hierarchy may also be necessary, but improving efficiency is the most important step for continued success. Creating a stronger family feeling, utilizing informal decision-making processes, and rewarding creativity and innovation may all be important factors, but they are not the most crucial steps for the next life-cycle stage.

During the Collectivity Stage, Jeff, Bill, and Their Associates Work