External Factor Evaluation (EFE) Matrix An External Factor Evaluation (EFE) Matrix allows strategists to summarize and evaluate economic‚ social‚ cultural‚ demographic‚ environmental‚ political‚ governmental‚ legal‚ technological‚ and competitive information. The EFE matrix consists of five steps process. Five-Step process: • List key external factors (10-20) Opportunities & threats. You have to prepare a list of all external factors which will affect the EFE matrix. These factors should
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model. The IE matrix is a continuation of the EFE matrix and IFE matrix models. Internal-External IE matrix work? The IE matrix belongs to the group of strategic portfolio management tools. In a similar manner like the BCG matrix‚ the IE matrix positions an organization into a nine cell matrix. The IE matrix is based on the following two criteria: 1. Score from the EFE matrix -- this score is plotted on the y-axis 2. Score from the IFE matrix -- plotted on the x-axis The IE matrix works
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implementation‚ and evaluation of multifunctional decision that able organization to reach its long-term goal (David‚ 1999). Before these‚ we had to set our statement of mission‚ and detect internal and external factors. At the end of this step IFE and EFE matrix obtain. Setting IE matrix and SWOT table‚ some main strategies that confirm our mission are attainable. Make decision relate to selection of best strategy by using QSPM matrix and giving some intuitions about their applicability. Mission
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STEP 3 - EFE‚ CPM‚ and IFE External Factor Evaluation (EFE) Prepare the following: 1) Conduct external audit 2) List key external factors as identified in the external-audit process. Include a total of 10-20 factors from both the opportunities and threats. 3) Assign to each factor a weight from .0 (not important) to 1.0 (very important). These weights show the relative importance. The total of all weights should equal 1.0. 4) Assign a 1-4 rating to each factor to indicate
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contributing to the government even in may ways for developing of the national economy. 2. What factors should SpiceJet consider before strategizing its operations in India. Use tools such as CPM (Competitive Profile Matrix)‚ EFE Matrix (External Factor Evaluation)‚ & IFE (Internal Factor Evaluation) which serves to identify various factors and forces that are critical in formulating appropriate strategies needed to accomplish the organization’s objectives. You can learn this tools from referred
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3 Case Abstract 4 History 5 Timeline of Important Milestones 5 Vision Statement 7 Mission Statement 7 Opportunities 9 Threats 9 External Factor Evaluation (EFE) Matrix 9 CPM 11 Internal Audit 12 Strengths 13 Weaknesses 13 Financial Ratio Analysis 13 Company and Industry Performance 14 Internal Factor Evaluation (IFE) Matrix 17 SWOT Matrix 18 SPACE Matrix 21 Grand Strategy Matrix 24 The Internal-External (IE) Matrix 26 Balanced Score Card (Figure 1) 28 Balanced Scorecard
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interrelated? 6) What is the current position of the co and where it wants to be in the future? Justify this by using BCG Matrix 7) Suggest which strategy does the co should be adopting using Space Matrix 8) Develop the EFE‚ IFE and IE Matrix 9) Justify the usefulness of EFE‚ IFE and IE Matrix for this study 10) Which generic competitive model should be adopted by the company? 11) Prepare the value chain analysis to support your generic competitive model 12) How is the application of ishikawa
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DELAWARE STATE UNIVERSITY (MBA – Spring 2011) Strategic Management Case Study Executive Summary: 3 Current Vision 4 Current Mission 4 Values 5 Current Strategies: 6 Developed Vision 7 Developed Mission 7 Reason for new mission 8 SWOT Analysis 9 External opportunities: 9 External Threats: 10 Financial and Operating Performance Analysis 11 Close Competitors 11 Ratio Analysis 11 Key Industry Ratios 14 Operating Profit margin
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alternative courses of action. These are to invest or not to invest in the fireworks industry. The tools that helped me analyze this case and led me to certain recommendations are the PEST Analysis‚ the Internal Factor Evaluation (IFE) Matrix‚ the External Factor Evaluation (EFE) Matrix‚ the Internal-External Matrix‚ and the Threats-Opportunities-Weaknesses-Strengths Matrix. The fireworks industry has potential. Jerry Yu may invest in this industry. He just has to make sure that the factory he is investing
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Vision Statement & Mission Statement 4 Vision Statement: 4 Mission Statement: 4 External Audit 5 Opportunities & Threats 5 Competitive Profile Matrix (CPM) 6 External Factor Evaluation (EFE) Matrix 7 Internal Audit 8 Strengths & Weakness 8 Financial Ratio Analysis 9 Internal Factor Evaluation (IFE) Matrix 10 SWOT Matrix 11 SPACE Matrix 12 Internal External Matrix 13 Recommendations 14 Case Abstract The Estee Lauder Companies Inc. engages in the manufacture‚ marketing‚ and sale of skin
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