Question: Processes and procedures are formalized when a company is in the stage of the business life cycle, as leaders rely more on rigid bureaucratic systems

Processes and procedures are formalized when a company is in the stage of the business life cycle, as leaders rely more on rigid bureaucratic systems to manage increased complexity. This rigidity can inhibit a company's ability to adapt to environmental changes.

maturity

decline

growth

startup

Processes and procedures are formalized when a company is in the

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