15. Barringer, B. R., & Jones, F. F. (2004, Apr). Achieving Rapid Growth Revisiting The Managerial Capacity Problem Flashcards

1
Q

The administrative framework consits of which two kind of services for a firm’s growth?

A
  • Entrepreneurial services
  • Managerial services
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2
Q

What constrains the ability to increase managerial services?

A
  • The time required to hire and socialzie new managers
  • How motivated managers are to grow their firm
  • Adverse selection
  • Moral Hazard
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3
Q

What are measures that can help lessen the impact of adverse selection?

A
  • Maintaining high standards
  • Providing financial incentives
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