Describe the characteristics of each of the four stages of growth a business organization might…

Describe the characteristics of each of the four stages of growth a business organization might experience. Provide examples to support your description.

As an organization grows, it generally progresses through four stages of increasingly formal management
structures.27

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Stage 1 : In a one-person operation, the owner does everything: sales, bookkeeping, marketing, production and
so on. Many firms remain one-person operations indefinitely due to the owner’s family obligations, financial
constraints, or contentment with the status quo.
Stage 2 : As more people join an organization, the business owner becomes a player-coach. The entrepreneur
continues to perform day-to-day tasks, but along with other employees. So the owner assumes additional employee
management duties such as hiring, scheduling, supervising, and payroll.

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Stage 3 : Firms reach a major milestone in organizational development when they add an additional level of
supervision. The owner relinquishes some direct control and begins working through an intermediary layer of
professional managers.
Stage 4 : As a company adds more layers of management and processes, it also adopts written policies, budgets,
standardized personnel practices, organizational charts, job descriptions, and control protocols.

…….   QUESTION TITLE :- Describe the characteristics of each of the four stages of growth a business organization might expe