Choose the appropriate stage of the venture life cycle in which the following activities would occur.

Transition from one-person leadership to team management leadership

New-product development

Search for capital Increased competition

Venture assessment Attempts to acquire other firms

Consumer indifference to the entrepreneur's goods or services

Accumulation of resources

Major changes in entrepreneurial strategy

Development of an effective entrepreneurial team

Transition from one-person leadership to team management leadership - Growth New-product development - Innovation or decline Search for capital - Start-up Increased competition - Stabilization Venture assessment - New-Venture Development Attempts to acquire other firms - Innovation or decline Consumer indifference to the entrepreneur's goods or services - Stablization Accumulation of resources - New-Venture Development Major changes in entrepreneurial strategy - Growth Development of an effective entrepreneurial team - Start-up