Discuss why an Entrepreneur should know about different stages of Growth of a Firm and how they are managed in a prudent manner so as not to loose your competitive advantage in the market place? hat is meant by sustained growth and why is it important? Also discuss the potential downsides to firms growth? (2 + 2 + 2) b) Ijaz Shahid just succeeded his father as the CEO of a consumer products firm in Faisalabad, Punjab. Prior to returning to the family business, Ijaz had spent 11 years at Procter & Gamble in Karachi. jaz’s dad built a solid company, but over the past five years, its growth was flat. Ijaz wants to grow the company, but at the same time, doesn’t want to disturb its healthy culture or overshoot its ability to manage its growth. Ijaz’s question to you is, “How do I manage this careful balance?” What would you tell him? (2) c) Define networking. Why is it important for an entrepreneur to have a vibrant social and professional network? What type of networking opportunities are available via your college or university, or entrepreneurial-minded organizations in the city or town that you live in, which could be helpful to you in your entrepreneurial career?

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