Discuss the role of family members in assisting in the process of making informed decisions about starting an own business

Our families have been with us through our growing years and they saw every bit of our strengths, weaknesses, capabilities and tendencies as a person. It is natural that when we solicit for decision on very important matters such as business, we seek for their opinion as they see the ‘blind spot’ in the situation.

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;