The life cycle of entrepreneurial firms poses different management challenges at each stage and requires different management competencies at each stage.

Question

Quizplus · Accepted Answer

This statement is true. The different stages of the entrepreneurial firm life cycle include the idea generation stage, start-up stage, growth stage, maturity stage, and exit stage. Each stage poses unique challenges and requires different management skills and competencies to navigate successfully.

The Life Cycle of Entrepreneurial Firms Poses Different Management Challenges