Explain the actions the business needs to take to advance its goals and/or expand its competitive advantage.

BUS475 – Integrated Business Topics – University of Phoenix| BUS 475 – Integrated Business Topics | University of Phoenix

To ensure that a company’s goals are met and/or its advantage is expanded, certain steps must be taken. To identify new opportunities, such as growth potential or products/services to offer, a business must conduct research on the market and analyze its competitors. Businesses should also consider strategies like forming strategic alliances with partners who can help them increase their market shares or improving their online presence to reach out more customers.

Businesses must also stay up-to-date on industry trends to be able to quickly adjust if necessary. It is important to stay informed about the latest technologies and news in their industry, as well as use data-driven insight when making decisions. Investments in training initiatives and employee development programs can provide employees with skills and knowledge necessary to successfully navigate through change, while also increasing overall engagement.

Ultimately, taking these measures will not only help businesses stay ahead of the competition but also allow them to make informed decisions about how best to move forward – ultimately driving long-term success.