Discuss the organizational characteristics that arise during the four (4) stages of organizational growth. Comparing the characteristics of a company in Stage I with those of the same company in Stage IV (after years of steady growth), is anything important lost? Explain.
Discuss the key steps in the process of making the transition from an entrepreneurship to a professionally managed firm. Of the key steps in this process, which is the most difficult? Why?
Describe common personal characteristics of an entrepreneur. Which characteristic is commonly associated with a successful entrepreneurial company? Name an "uncommon" characteristic you believe would contribute to being a successful entrepreneur - one not mentioned in the readings.
Discuss the consequences of the CEO's desire for personal control over all activities in an entrepreneurial organization. Which consequence can be the most damaging to an organization? Why?