week 3 discussion management and growth

Discussion 1: “Developing Successful Stage I and Stage II Organizations.” Please respond to the following:

Describe the key problems and challenges involved in building a successful new venture in Stage I.
Discuss the challenges of developing a successful Stage II organization during expansion. Why do you think that many successful Stage I firms struggle in Stage II during expansion?

Discussion 2: “Developing a Successful Stage III Organization.” Please respond to the following:

Discuss the key problems facing an organization as it changes from an entrepreneurship to a professionally managed company in Stage III.