There are various types of strategic initiatives that entrepreneurs can pursue. Some common ones include:
Product Development: Creating new products or improving existing ones to meet market demands. Market Expansion: Entering new geographic markets or targeting new customer segments. Partnerships and Alliances: Forming strategic partnerships to enhance capabilities and expand reach. Digital Transformation: Implementing new technologies to improve efficiency and customer experience. Sustainability Initiatives: Focusing on environmental and social governance to build a responsible brand.