Question
It is often said that entrepreneurial ventures often only have a life-span of 1.5 generations. This means that most start-ups fold shortly after the founder
It is often said that entrepreneurial ventures often only have a life-span of 1.5 generations. This means that most start-ups fold shortly after the founder hands over control to new leadership. With this in mind, assess your own strengths and weaknesses in terms of delegating authority and relevant leadership characteristics. Based on your personal assessment, if you were to start a new venture today, what sort of organizational structure would you select and why so as to ensure the continuation of the business entity after you retire? What impact would this have on your writing of a business plan for the start-up venture?
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