The entrepreneur need not concentrate on environmental analysis since most of the external factors are generally uncontrollable.

Question

Quizplus · Accepted Answer

Environmental analysis is an important aspect of strategic planning for an entrepreneur. While some external factors may be uncontrollable, it is still important to understand the external environment and its potential impact on the business. This includes factors such as political, social, economic, technological, and legal factors that can affect the business. By conducting an environmental analysis, the entrepreneur can identify opportunities and threats in the market and adjust their strategies accordingly.

The Entrepreneur Need Not Concentrate on Environmental Analysis Since Most