Janelle is very innovative and attentive to detail. As she starts her own company, she leads her employees and ensures that every detail is attended to. As her company grows, she finds it more difficult to deal with and motivate her employees. She is more interested in the product. What stage of growth is Janelle's company going through?

Question

Business

Franco Patrick

23 March, 10:40

Janelle is very innovative and attentive to detail. As she starts her own company, she leads her employees and ensures that every detail is attended to. As her company grows, she finds it more difficult to deal with and motivate her employees. She is more interested in the product. What stage of growth is Janelle's company going through?

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Answers (1)

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Gillian Humphrey · Answer 1

Answer: Stage 3 - Success stage.

Explanation:

Businesses are different in capacity and size for growth and are characterized by different organization structures, independence of action, and varied management styles.

The success stage is the stage at which companies seek whether to exploit their accomplishments and expand or rather enhance the stability of the company stable and profit. The main issue is to use the firm as an avenue for growth or means of support for the owners as they engage in complete or partial disengagement from the firm. During this stage, as the company grows, employers are more interested in the product and its growth.