What is Competitive profile Matrix - CPM
- Wednesday, November 19, 2008, 12:24
- Strategic Management
- 6,905 views
- Add a comment
Competitive profile matrix is essential tool used in strategic management process, it contain all the important critical success factors of industry. Success factor can vary form industry to industry, every industry consider different success factor, all the companies in CPM are measured on same scale by considering the same success factor. In IFE we only consider internal strengths and weakness and EFE constraint is to consider only internal factor from PLEST (Political,legal,environmental, social and technological) but Competitive profile matrix is not bound by any constraint, all the success depends upon the importance it can be external or internal doesn’t matter.
(1 votes, average: 1.00 out of 5)
Loading ...About the Author
Adam has written 384 stories on this site.
Related Tutorials & Articles
CPM-Competitive Profile Matrix for Pakistan State Oil EFE is used to collect competitive intelligence information from external environment. It not focuses on internal issues. Whereas CPM is little different from EFE it also consider the internal issues and best feature of CPM that it allow to compare the competitor critical success factor with your organization. • ...Read more
The EFE matrix allows strategies to summarize and evaluate economic, social, cultural, demographic, environmental, political, governmental, legal, technological, and competitive information. Steps in developing the EFE matrix: Identify a list of KEY external factors (critical success factors). Assign a weight to each factor, ranging from 0 (not important) to 1.0 (very important). Assign a 1-4 rating to each critical...Read more
EFE is used to collect competitive intelligence information from external environment. It not focuses on internal issues. Whereas CPM is little different from EFE it also consider the internal issues and best feature of CPM that it allow to compare the competitor critical success factor with your organization. • Find out critical success factor. • Assign weight...Read more
The EFE matrix is the strategic tool used to evaluate firm existing strategies, EFE matrix can be defined as the strategic tool to evaluate external environment or macro environment of the firm include economic,social,technological,government,political, legal and competitive information. The EFE matrix is similar to IFE matrix the only difference is that IFE matrix evaluate the internal...Read more
A summary step in conducting an internal strategic management audit is to construct an Internal Factor Evaluation (IFE) Matrix. This strategy formulation tool summarizes and evaluates the major strengths and weaknesses in the functional areas of a business, and it also provides a basis for identifying and evaluating relationships among those areas. Intuitive judgments are...Read more
Write a Comment
Gravatars are small images that can show your personality. You can get your gravatar for free today!
