1.

Define strategies.

Answer»

There are two kinds of forces which contribute to the emergence of an enterprise in the similar manner as the parents who cause birth to a child. When the strength of an entrepreneur in terms of ability, potentials and knowledge identified itself with the prevailing market environment, it gives rise to a new enterprise in industrial or market sector. Before giving a tangible form to his enterprise the entrepreneur makes his strategies and following this not only the birth of a new enterprise takes place but its future growth and visibility is also ensured so that this blossoming enterprise acquire a symbol of growth. 

Bill Bolton and John Thompson have stated “strategies are the things that enterprises do, the paths they follow and decision they take in order to reach certain points and level of success.”



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