Question

Choose the appropriate stage of the venture life cycle in which the following activities would occur.

Answer 1

Answer:

• Transition from one-person leadership to team management leadership  - Growth
• New-product development  - Innovation or decline
• Search for capital - Start-up
• Increased competition  - Stabilization
• Venture assessment - New-Venture Development
• Attempts to acquire other firms  - Innovation or decline
• Consumer indifference to the entrepreneur's goods or services  - Stablization
• Accumulation of resources  - New-Venture Development
• Major changes in entrepreneurial strategy  - Growth
• Development of an effective entrepreneurial team - Start-up