Published by:
Harvard Business Publishing
Length: 10 pages
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Abstract
As a business organization goes through the three developmental stages of birth, youth, and maturity, it faces a predictable series of nonfinancial crises. The criteria for determining the stage of development of an organization depend more upon the manner of coping with these recognizable crises than upon the number of employees in the company, its share of the market, or its managerial sophistication. To provide effective leadership in a developing organization, management communicates objectives and actions to all staff members and, thus, provides a common viewpoint and frame of reference.
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Abstract
As a business organization goes through the three developmental stages of birth, youth, and maturity, it faces a predictable series of nonfinancial crises. The criteria for determining the stage of development of an organization depend more upon the manner of coping with these recognizable crises than upon the number of employees in the company, its share of the market, or its managerial sophistication. To provide effective leadership in a developing organization, management communicates objectives and actions to all staff members and, thus, provides a common viewpoint and frame of reference.