Describe, briefly, different types of business strategies that are unique to entrepreneurs. Do not include growth,
harvest, retrenchment, and international strategies, as these will be discussed in Unit 5.
Elaborate on one strategy, describing how it would not be appropriate for a corporate environment, but would be successful in the entrepreneurial environment. Illustrate the application of the entrepreneurial strategy in a real-world example with either the entrepreneur you are researching for your project or another well-known entrepreneur.
1 Studying their competitor
Entrepreneurs are aware of their copmetitors,their products/services.
This knowledge help them designing their products,promotion techniques and capitalizing on