"latter" refer to which one

Question

Small and medium-sized business entrepreneurs typically prefer to look at the evolution of their companies in terms of business growth. They develop their businesses as legacies and strive to keep them relevant in the long-run.

On the other hand, serial entrepreneurs typically look to grow their brand and likely sell it at its peak for maximum profit. They look at their business ventures from the life cycle perspective.

This article takes a deep look into the latter outlook of business evolution.

 به کدام اشاره می کند؟latter

Answer 1

با توجه به معنای کلمه، به نظر میرسه به مورد دوم اشاره شده.