In the ___stage of the life cycle of entrepreneurial firms, the entrepreneur experiences the advantages of market success and financial stability, while also facing continuing challenges of meeting the needs for professional management skills.

Question

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In the maturity stage, the entrepreneurial firm has achieved market success and financial stability. However, the entrepreneur still faces challenges in professional management skills as the firm continues to grow and expand. They may need to bring in outside expertise to manage the company effectively.

In the ___Stage of the Life Cycle of Entrepreneurial Firms