Explain how you would match the business’s strengths to its opportunities.

BUS475 Integrated Business Topics| BUS475 Integrated Business Topics | University of Phoenix

Matching a business’s strengths to its opportunities involves recognizing what the company is good at, and then finding ways of leveraging that knowledge and expertise towards achieving success in areas where new potential exists. If the company is already a leader in one market, or industry, they might look to expand its reach into other industries with similar resources or skills. Additionally, examining what competitors are doing can provide insights on unexplored niches while analyzing customer feedback through surveys & other mediums may reveal untapped needs within respective target demographics which can be pursued further.

The key to turning weaknesses into strengths is to identify the limitations that are affecting your performance, and then strategize how you can either fix them or make them more advantageous. It could be as simple as outsourcing certain aspects of manufacturing or human resource management to companies that have lower overheads. This allows for internal focus on core competencies and better alignment with the desired outcome. Alternatively, external partnerships could also help cover certain gaps within organizational capabilities – providing access to wider talent pools without needing additional hiring/training which would otherwise take place.

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