Answer the following questions: (Minimum 250 words per answer)
1. Do you think the Nichepreneur strategy might work for your future career plans? Explain why or why not?
2. Provide an example of an industry experiencing a red ocean. In your opinion, how might the industry be converted into a blue ocean (research if needed)?
Answer the following questions: (Minimum 150 words per answer)
3. What advice would you offer a team member that is considering starting a new business with a niche product? (Team)
Questions 4 through 9 I will be giving you throughout the week as they come in….
Hitt, M.A., Ireland, R.D., & Hoskisson, R.E. (2015). Strategic management: Competitiveness and globalization (11th ed). Stamford, CT: Cengage.