1 Defining Your Competitive Advantage - a competitive advantage means you are ahead of the competition or have strategies in place to be ahead of potential competition.

2 Setting Operations Goals - operation goals are the daily activities of the organization (more short-term) that align with the organization's long-term goals.

3 Planning Market Penetration - plans to gain more market share through your product or service strategies.

4 Financial Forecasting - making predictions about all aspects that can affect the financial future of your business.

5 Team Building - creating a team of diverse, knowledgeable, skilled, committed, etc. individuals who will work together to accomplish organizational goals.

6 Business Plan Presentation - compiling all the parts of your business plan to confidently make a presentation to win over investors, bankers, etc. as well as to be prepared to start your business.

Answer rating: 100% (QA)

1 In this week I was able to learn about competitive advantage as being the conditions allowing a company to offer goods and services of the same value as those of their competitors at a lower price o... View the full answer