1 page/≈275 words
Business & Marketing
Strategic management: External Factor Evaluation (EFE) Matrix (Essay Sample)
your mission is to construct an EFE matrix for an organization of your choice. Policy: In this discussion, we'll address the marketplace's external factors. source..
1 TITLE : External Factor Evaluation (EFE) Matrix STUDENT : INSTITUTION : DEPARTMENT : LECTURER : DATE : RUNNING HEAD: EXTERNAL FACTOR EVALUATION 2 Abstract For organizations to remain competitive and profitable, the management requires to evaluate the prevailing business conditions so as to properly reposition their operations. The business and marketing efforts also referred to as the marketplace of an organization are influenced by a variety of factors. Different strategic-management tools are employed in order to help the management to recognize and prioritize the opportunities and threats the organization could be facing. Such a strategic-management is the External Factor Evaluation (EFE) Matrix. The EFE matrix deals strictly with external factors. Internal Factor Evaluation (IFE) Matrix addresses the internal factors. EFE matrix evaluates factors that are subject to the social, political, business trends and economic will among other external forces. There are five steps ...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
You Might Also Like Other Topics Related to time management:
- Talent ManagementDescription: Undergraduate level Essay: Talent Management...1 page/≈275 words | 1 Source | APA | Business & Marketing | Essay |
- Differentiate Performance Management with the Performance Appraisal and global management pr. . .Description: Undergraduate level Essay: Differentiate Performance Management with the Performance Appraisal and global management processes...1 page/≈275 words | 1 Source | APA | Business & Marketing | Essay |
- Human Resources: Human resource managerDescription: Business and Marketing Essay: Human resource manager...1 page/≈275 words | 1 Source | APA | Business & Marketing | Essay |