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Article
Entrepreneur’s roles during business growth stage and their exit routes: The case of the public relations industry
DeReMa (Development Research of Management): Jurnal Manajemen (2023)
  • Tuong-Minh Ly-Le
  • Viet Tho Le
Abstract
This research article aims to examine the entrepreneur’s roles during the business growth stage and their exit routes, with a focus on the public relations industry in Vietnam. The findings highlight the transition of entrepreneurs from hands-on involvement in all aspects of the business to assuming strategic roles during the growth stage. Founders play a crucial role in setting the company’s vision, establishing a solid organizational culture, and fostering innovation. The decision of whether to maintain control or delegate management responsibilities is critical, with some entrepreneurs choosing to retain control due to their emotional attachment, while others recognize the need to delegate to professional managers.
Keywords
  • entrepreneurship,
  • business growth,
  • exit routes,
  • Vietnam,
  • SMEs
Publication Date
2023
DOI
10.19166/derema.v18i2.7294
Citation Information
Ly-Le, T. M., & Le, V. T. (2023). Entrepreneur’s roles during business growth stage and their exit routes: The case of the public relations industry. DeReMa (Development Research of Management): Jurnal Manajemen, 18(2), 144-156. https://doi.org/10.19166/derema.v18i2.7294