Chapter 4Managing the Advanced Stages of Growth

The previous chapter dealt with the issues encountered by growing entrepreneurial organizations as they move through the first four stages of growth: from a new venture (Stage I) to consolidation of an established business (Stage IV). If management has accomplished the developmental tasks described, then on completing Stage IV, the enterprise will have become a professionally managed organization. This chapter continues the discussion of the organizational life cycle and presents a framework for identifying and managing the advanced stages of growth: Stages V to VII.

Some businesses will have the opportunity to grow in size beyond Stage IV, and this growth will present a new set of organizational ...

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