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appears to be the focal priority. Mean sales revenues growth is 91 per cent per annum, and mean employment growth is 29 per cent per annum.

Expansion – slightly older and larger enterprises with more complex organisational structures and a mean of 3.18 organisational levels. The organisation is still very centralised and is a little

more formal than in the start-up stage. Functional specialisation is generally adopted, with a mean of 3.4 specialised functions. Product commercialisation appears to be the focal priority. Mean sales revenues growth is 297 per cent per annum, and mean employment growth is 94 per cent per annum.

Figure 1: Hanks et al. (1993) Enterprise Life-Cycle Model

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