What is a key feature of the development stage in business?

The development stage in business primarily focuses on laying the groundwork for future growth and sustainability, which often involves updating employee knowledge and skills. This step is critical as businesses need employees who are well-versed in the latest technologies, practices, and industry trends to innovate and enhance productivity. By investing in employee training and development, a company not only improves its workforce's capabilities but also fosters motivation and retention. This foundational investment prepares the business to navigate future challenges and capitalize on new opportunities effectively, which is crucial in a competitive environment.

In contrast, while improving supply chain logistics, reducing operational expenses, and exploring international markets can also be relevant to a business's growth strategies, they typically come into play after the foundational aspects—like employee training—have been established. These strategies focus on operational efficiencies and market expansion rather than the core skill development necessary during the developmental phase.