High-growth ventures differ from small businesses in that in high-growth ventures:
A) the focus is on efficiency rather than effectiveness.
B) the preferred source of funding is the owner's own money rather than other people's money.
C) the human resource system is personalized rather than professionalized.
D) the limitation of growth is dictated by market response rather than the owner's loss of control.

Question

Quizplus · Accepted Answer

In high-growth ventures, the limitation of growth is dictated by market response rather than the owner's loss of control. Unlike small businesses, the focus in high-growth ventures is on effectiveness rather than efficiency, and the preferred source of funding is often other people's money, such as venture capital or angel investors. The human resource system may also be professionalized rather than personalized in high-growth ventures, as they require skilled and specialized employees to fuel their growth.

High-Growth Ventures Differ from Small Businesses in That in High-Growth