Keywords: Stages
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Journal Articles
International Journal of Organizational Analysis (2015) 23 (1): 21–40.
Published: 09 March 2015
... – Simulations reveal that organizations evolve through five stages of development: from an entry (flat/parallel) stage, through a hybrid or mixed stage, to the massively serial (hierarchical) stage. As firms evolve, the risk/return ratio first falls as employment expands, but later rises as higher levels...

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