Opportunities are external elements that a company may able to exploit to its advantage.

An opportunity is a major favorable situation in a firms environment. Key trends are one source of opportunities. Identification of a previously overlooked market segment, changes in competitive or regulatory circumstances, technological changes, and improved or supplier relationships could represent opportunities for the firm.

Webster Dictionary Meaning

1. Opportunities
- of Opportunity
Share it:  Cite

More from this Section

  • External environment
    The term external environment refers to factors and forces outside the organization that ...
  • Leader’s vision
    An articulation of a simple criterion or characterization of what a leader sees the company ...
  • Democratic style
    Democratic style described a leader who involves employees in decision making, delegates ...
  • Long-term plans
    Long-term plans as those with a time frame beyond three years. ...
  • Locus of control
    Locus of control is the degree to which people believe they control their own fate. People ...