Question: ( A ) There are four ( 4 ) stages in the growth of a small business, namely, Stage 1 - One - person operation

(A) There are four (4) stages in the growth of a small business, namely,
Stage 1- One-person operation
Stage 3-Immediate supervision
Stage 2- Player-coach
Stage 4- Formal organization
(i) Identify the one major challenge in stage 1.(1 mark)
(ii) Identify the one major challenge in stage 2.(1 mark)
(iii) As per the concept of span of control, determine the maximum number of employees (not including the entrepreneur) that could be managed efficiently and effectively in stage 3.(2 mark)
(iv) Springing from the same concept as in (iii), what is the one break-through element that evolve a company from its being in stage 3 to stage 4?(2 marks)
(v) What would stage 4 allow the entrepreneur to achieve as an entrepreneur and why? (2 marks)
(vi) What would stage 4 allow the entrepreneur to achieve as an individual and why? (2 marks)
 (A) There are four (4) stages in the growth of a

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