The Main Challenges for a Business in the Introduction Stage

question 52

Multiple Choice

The main challenges for a business in the introduction stage of the organizational life cycle is ________.

• 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) making sure the initial product or service is right and starting to lay the groundwork for building a larger organization

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Definitions:

Poor Communications

The failure to convey or exchange information effectively, resulting in misunderstandings or conflicts.

Operations Management

The process of planning, organizing, and supervising the production, manufacture, or provision of services, emphasizing efficiency and effectiveness.

Being Flexible

The capacity to adapt to new, different, or changing requirements and conditions in a responsive and practical manner.

Self-management

The ability of an individual to manage their own activities, emotions, and behaviors effectively without external supervision.