Finally, Jeff and Bill's business seems well established and fairly stable. They have a well-organized management system and profits are steady. At this point in its life cycle, the business is likely to face many challenges, both internal and external. To best meet these challenges, the business should:
A) increase the levels of organizational hierarchy.
B) place more emphasis on entrepreneurial activities and less emphasis on human capital development.
C) increase centralization and standardization to improve profits.
D) balance organizational efficiency with empowerment of managers and associates.
E) increase the use of informal coordination and decision-making procedures.

Question

Quizplus · Accepted Answer

At this stage, it is important for the business to balance organizational efficiency with empowerment of managers and associates. This means maintaining a well-organized management system but also allowing for flexibility and creativity among employees to adapt to changing external factors. Increasing centralization and standardization may limit this flexibility, while informal coordination may not provide enough structure for a stable and established business. Finding the right balance is key to meeting the challenges of this stage in the life cycle.

Finally, Jeff and Bill's Business Seems Well Established and Fairly