Question

In the ______ phase of the organizational life cycle, the organization is usually very small and agile, focusing on new products and markets. The founders typically focus on a variety of responsibilities, and they often share frequent and informal communication with all employees in the new company.

Answer 1

Answer:

Entrepreneurship

Explanation:

Different phases of  organizational life cycles can be observed depending on the stage of the company. These cycles are,

• Entrepreneurship
• Survival and Early Success
• Sustained Success
• Renewal (or Decline)

In the initial stage which is  Entrepreneurship Phase,  all of the founders take part in various activities, no formality is formed between founders and employees. Generally lots of ideas are present and company is actively searching to define correct market and products to focus on.