The safest strategy for an entrepreneur launching a new business to follow is a "me-too" strategy-copying products, services, and the images of already successful businesses.

Question

Quizplus · Accepted Answer

While it may seem like a safe strategy to copy an already successful business, it is not the most effective or sustainable approach. It is important for entrepreneurs to differentiate themselves and offer unique value to their customers in order to stand out in a crowded market. Additionally, copying another business can lead to legal issues and damage the reputation of the new business. It is better to take inspiration from successful businesses but create something original and differentiated.

The Safest Strategy for an Entrepreneur Launching a New Business