Title: Competency Assessment: (CU3 M2) Managerial Concerns
Course: SkillsCom BA 260 15.0 > Section: Credit Unit 3 Module 2- Marketing in a New Venture

Part 1: Below is a reminder of the managerial concerns of growing ventures discussed earlier and a list of the different life cycle stages of a venture:

Managerial Concerns

A. The distinctiveness of size

B. Continuous learning

C. Community

D. Time management

E. One person band
Life Cycle Stages of a Venture

1. New venture development

2. Startup activities

3. Venture growth

4. Business stabilization

5. Innovation or decline

In Part 1 of this Competency Assessment your task is to discuss in detail which managerial concerns (A - E) are relevant in which stage(s) of a venture (1 - 5). Describe why each of the managerial concerns are relevant to the stages you have identified.  Keep in mind that some stages will have multiple managerial concerns, and some managerial concerns will be applicable to more than one stage in the venture life cycle. This should be evidenced in your answer. Title this section "Part 1" in your MS Word document.

Part 2: In this Module you learned about the skills needed to be a leader in today's business world, both in the the Video on leadership here (YouTube), and the section of Chapter 13 entitled: “Achieving Entrepreneurial Leadership in the New Millennium”. How can these essential leadership skills might be used to address the managerial concerns of a growing venture (listed above in A - E)? For each managerial concern, identify at least 1 unique leadership skill (i. e. one that you haven't already connected to other concerns) that is best suited to address that concern.  Title this section "Part 2".