Question

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

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

Answer 1

• 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