Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Internal factor evaluation ife matrix

27/11/2021 Client: muhammad11 Deadline: 2 Day

Develop both an external factor evaluation (EFE) matrix and an internal factor evaluation (IFE) matrix for a chosen organization, and write an analysis of the pros and cons and applications for use of each of these analytical tools.

An EFE matrix summarizes the results of an external audit. Using an IFE matrix to identify and prioritize internal factors fosters communication across functions and allows functional employees to articulate their concerns about the organization's business condition. An EFE matrix, an IFE matrix, and a SWOT analysis, which identifies the internal strengths and weaknesses and the external opportunities and threats to an organization, are often completed together.

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:

Competency 1: Evaluate key elements of the strategic planning process.
Develop an EFE matrix that includes factors, weights, ratings, and total weighted scores.
Develop an IFE matrix that includes factors, weights, ratings, and total weighted scores.
Competency 2: Analyze issues associated with stakeholders in the strategic planning process.
Interpret how the organization can capitalize on strengths.
Interpret how the organization can improve on weaknesses.
Illustrate potential issues for stakeholders in the functional areas.
Competency 3: Apply a sequential process for developing and implementing strategies, goals, objectives, and tactics as part of the strategic plan implementation.
Discuss the pros and cons and application of each of the analytical tools.

Because of increased turbulence in business markets, an external audit is an important part of strategic management. An external audit includes collecting and evaluating information about competitors, technology, and legal, governmental, political, environmental, demographic, cultural, social, and economic trends in the marketplace. Organizations must empower their employees to identify, monitor, forecast, and evaluate external forces. Failure to do so might mean missed opportunities or ineffective strategies. It is important to use the Internet and information technology to gain information about the competition. Using an external factor evaluation (EFE) matrix and competitive profile matrix can help evaluate markets.

Organizations also audit their internal strengths and weaknesses, including the major functional areas. The core operations of most organizations include management, marketing, finance, operations, research, and information systems. An internal audit helps ensure an organization's health and may help establish competitive advantage and strengthen bottom-line performance. To do an internal assessment, strategists identify and evaluate internal strengths and weaknesses and formulate strategies for effectiveness. The process of doing an internal audit is an opportunity for employees throughout the organization to participate in choosing the future of the organization. Involvement in the process can energize and mobilize the enterprise.

Preparation
Select an organization for which to create an external factor evaluation (EFE) matrix and an internal factor evaluation (IFE) matrix. Ideally, the company you choose will be a familiar one and one to which you have easy access, such as your place of employment or a company close to where you live. You may use the same organization for other assessments in this course.

EFE Matrix and IFE Matrix
Complete the following:

Using the EFE Matrix Template linked in the Resources under the Required Resources heading, record the external factors, weights, ratings, and total weighted scores for your chosen organization. Once you complete the table in the template, discuss the pros and cons and applications for use of this analytical tool. You may record the written portion of the assessment in the template document, or you may create a separate document.
Using the IFE Matrix Template linked in the Resources under the Required Resources heading, record the internal factors, weights, ratings, and total weighted scores for your chosen organization. Once you complete your IFE matrix table, discuss the pros and cons and applications for use of this analytical tool for the organization. In addition, propose strategies that address the following. You may record the written portion of the assessment in the template, or you may create a separate document.
What do you think would allow the organization to capitalize on its strengths?
What do you think would allow the organization to improve upon its weaknesses?
What are potential issues for stakeholders in their functional areas?
Additional Requirements
Written communication: Written communication is free of errors that detract from the overall message.
APA formatting: If you use sources, ensure that resources and citations are formatted according to APA (6th edition) style and formatting.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Academic Guru
Finance Homework Help
Instant Assignment Writer
Top Grade Tutor
Isabella K.
Buy Coursework Help
Writer Writer Name Offer Chat
Top Academic Guru

ONLINE

Top Academic Guru

I will provide you with the well organized and well research papers from different primary and secondary sources will write the content that will support your points.

$39 Chat With Writer
Finance Homework Help

ONLINE

Finance Homework Help

I reckon that I can perfectly carry this project for you! I am a research writer and have been writing academic papers, business reports, plans, literature review, reports and others for the past 1 decade.

$38 Chat With Writer
Instant Assignment Writer

ONLINE

Instant Assignment Writer

I have written research reports, assignments, thesis, research proposals, and dissertations for different level students and on different subjects.

$21 Chat With Writer
Top Grade Tutor

ONLINE

Top Grade Tutor

I will provide you with the well organized and well research papers from different primary and secondary sources will write the content that will support your points.

$39 Chat With Writer
Isabella K.

ONLINE

Isabella K.

I am an elite class writer with more than 6 years of experience as an academic writer. I will provide you the 100 percent original and plagiarism-free content.

$37 Chat With Writer
Buy Coursework Help

ONLINE

Buy Coursework Help

As per my knowledge I can assist you in writing a perfect Planning, Marketing Research, Business Pitches, Business Proposals, Business Feasibility Reports and Content within your given deadline and budget.

$18 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Thin lens equation problems - Discussion - Eugene fife goldman sachs - M1a1 abrams technical manual - Research Paper - What is sony's mission statement - Practical Connection Assignement - Student success course syllabus - Eliminating wordiness exercise 3 answers - Compare and contrast thesis statement - Non chronological report vocabulary - Scissors and comb bonner - Evidence-Based Project, Part 3: Advanced Levels of Clinical Inquiry and Systematic Reviews - Digital stories for kids - Is 230 d fundamentals of emergency management - Tic tac toe java program code - ME - Online - Research paper 5 - Essay on imagine you are a tree - Seeing the world through strengths colored glasses means - Rrr reduce reuse recycle - Revolutionary mothers essay - Strategies X2 ( Due 24 hours) - Change Management Plan - Penn foster writing skills part 2 answers - Implications of a biblical worldview in education - Constant growth dividend valuation model calculator - Discuss this - Mass of empty 150ml beaker - Auction theory - Developmental reading assessment chart - Sedimentary rock crossword clue - Atrium house of vettii - A company's relevant range of production is - Macbeth annotations act 1 scene 2 - U.S History - Business - Why does a rubber band heat up when stretched - Air enters a cm diameter pipe - What is donum vitae - Gordon roddick net worth - Cardiff university harvard referencing - Key organizational enablers for effective demand management - The fall of the house of usher theme - Any aspect of surveillance state - Psychology lab report example - Velodyne subwoofer repair manual - Annotated bibliography ama - WK 11 socw 8205 Discussion 2: Social Work in Palliative Care - What is the half life of hydrogen 3 - Irobot mission statement - Waeco reversing camera spares - PHI-413-107200 Ethical and spiritual - Volti society and technological change - Wuthering heights family tree - Manhattan plaza hd s2 manual - Requesting Paper - Discussion 3.1 - 11 oz to ml - Order # 9521 - Liliana razzini silk - Project management network diagram questions and answers pdf - Excel solver how many subproblems - How to do a webliography - Approaches to Addressing Issues - Average toe length graph - Possible zeros of a polynomial - Rectus femoris injection site - Ansys gpu acceleration supported cards - Ig solid wall lintel - Discussion - They say i say chapter 11 he says contends summary - What is psychology's historic big issue - Baskin robbins cakes canada - Make allusions crossword clue - University of herts studynet - Cómo son los hermanos de pilar simpáticos - Cfs fc-t. rowe price wholesale global equity - Design options for a distribution network - Chris johnson driving instructor - Voluntary response sample article - Non lodgement advice 2021 - Media ethics issues and cases philip patterson lee wilkins pdf - Zinc and vinegar chemical reaction - Malcolm in the middle season 5 episode 16 - Discussion organ lea - Joy luck club a pair of tickets - Fonthill kinsmen craft show 2019 - Sirona inlab sw 18 - Suppose honda's total cost of producing - Discussion: Cognitive Behavioral Therapy: Family Settings Versus Individual Settings - Independent events venn diagram - English 122 english composition i - Moment of inertia theorem of parallel axis - Three point perspective worksheet - Oedipus asks kreon to kill him, since suicide would be blasphemy against the gods. - Human resource management mcgraw hill 7th edition - Today the price of a jeep is $25,000. in 1970 the price was $5,000. what is the price relative? - Kendall 9525 scd express - Lol u tk him 2da bar - Question 6