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Explain the Five Stages of Group Development

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Essay

Explain the five stages of group development.


Definitions:

Available Cash

The funds that a company or individual has on hand that are readily accessible for use or investment.

External Causes

Factors outside of an individual's or organization's control that can impact outcomes or performance.

Company Management

The process of directing and controlling a business or organization through the making and implementation of decisions.

Fast-growth Firms

Companies that experience rapid expansion in terms of revenue, profitability, or market share over a short period.

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