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

Signature assignment: swot analysis | BUS 475 – Integrated Business Topics | University of Phoenix

In order for a business to advance its goals and/or expand its competitive advantage, it must take certain actions to ensure success. This includes conducting market research and analyzing competitors in order to identify opportunities for growth or new products/services that can be offered. Additionally, businesses should consider developing strategies such as forming strategic partnerships with key partners that could help increase their market share or strengthening their online presence in order to reach more potential customers.

It is also essential that businesses stay informed about industry trends so they can quickly adapt if needed. This means staying up-to-date on the latest news and technologies within their sector as well as using data-driven insights to inform decision making when possible. Moreover, investing in training and development initiatives can help equip employees with the knowledge and skills necessary for navigating change successfully while fostering greater engagement levels overall.

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.