According to the life cycle of entrepreneurial firms, the breakthrough stage signifies the stage in which the

A) entrepreneur recognizes a niche in the market and formulates an idea to take advantage of it.
B) entrepreneur experiences the advantages of market success and financial stability.
C) entrepreneur faces the continuing management challenge of remaining competitive in a changing environment.
D) business model begins to work well, growth is experienced, and the complexity of managing the business operation expands significantly.
E) entrepreneur struggles to get the new venture established and survive long enough to test the viability of the underlying business model in the marketplace.

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Mozhdeh Dorraji · Accepted Answer

Final Answer : D, Explanation :  The breakthrough stage is characterized by the success of the business model, growth, and increased complexity of managing the business operation. This stage is often marked by an increase in revenue and customers, and the need to scale up operations to meet demand. The entrepreneur is likely to face new challenges in managing resources, developing new products or services, and finding new markets to exploit. This stage is crucial for the long-term success of the business, as the entrepreneur must balance growth and profitability with maintaining the core values and vision of the company.

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