Final answer:
During the maturity stage of a business, successful leaders adapt to market changes, invest in employee development, maintain discipline, and make strategic financial decisions while attracting outside investment and ensuring company safeguards.
Step-by-step explanation:
During the maturity stage of a business, successful leaders often exhibit certain characteristics and strategies that facilitate sustained growth and stability. One key characteristic is the ability to adapt to changing market conditions by innovating and staying relevant to consumer needs. These leaders are often seen investing in employee development to foster a growth mindset within their organization and build a strong, adaptive team. Moreover, a successful leader adheres to method and discipline, ensuring that the business continues to follow ethical practices and maintains effective operational procedures, which are crucial for long-term success.
Financial acumen is also vital; leaders must make strategic decisions about whether to raise capital through avenues like issuing stock or borrowing, considering the company's debt capacity and shareholder interests. They understand that as their firm gets established, the need for personal relationships with managers decreases, and they can leverage a wider availability of information to attract capital from outside investors. These strategies combined with rigorous safeguarding measures to prevent company failure, enable leaders to sustain the business during the maturity phase and prepare for future development opportunities.