Entrepreneurs who want to start or build a business based on inside-out analysis will first need to
A) have an in-depth understanding of the general environment.
B) select and implement a focus strategy.
C) determine the strength, position, and likely responses of rival businesses.
D) have a solid grasp of the resources and capabilities that are available to them.

Question

Quizplus · Accepted Answer

Inside-out analysis focuses on identifying a company's resources and capabilities and leveraging them to create business opportunities. Therefore, entrepreneurs must have a solid grasp of the resources and capabilities available to them before starting or building a business based on this analysis.

Entrepreneurs Who Want to Start or Build a Business Based