The main challenges for a business in the introduction stage of the organizational life cycle is to:
A) beginning the process of transitioning the owner from a hands-on supervisor to a more managerial role and developing business partnerships
B) developing business partnerships and making sure the initial product or service is right
C) determining whether the owner of the business and the current management team is capable of taking the business further and developing systems and procedures
D) developing systems and procedures and beginning the process of transitioning the owner from a hands-on supervisor to a more managerial role
E) make sure the initial product or service is right and start laying the groundwork for building a larger organization

Question

Quizplus · Accepted Answer

In the introduction stage, the focus is on ensuring the initial product or service meets market needs and starting to establish a foundation for future growth.

The Main Challenges for a Business in the Introduction Stage