Question

The "Turning Point" is described in the work of Lippett and Schmidt as having an organizational basis and presenting leadership and strategy issues not experienced in previous stages of the organizational life cycle. Select the entry below which is incorrect in describing what happens at this stage. (Select one.) a. The firm must introduce new products or a new product family based on innovation activities during the Growth stage b. The firm faces severe challenges in continuing to grow at the rate experienced during startup C. The firm achieves improved stability and can more readily focus on building profits d. The firm gains considerable credibility if it successfully traverses the Turning Point

Answer 1

Ans C

During the Turning point, the firm faces instability and cannot focus on profits. It is important to traverse the stage in order to have higher gains in future