Posts Tagged external opportunities

The EFE Matrix (External Factor Evaluation Matrix)

The EFE Matrix (External Factor Evaluation Matrix)
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 factors of the company and EFE matrix evaluate ... Full article

External Audit of Amazon.com

External Audit of Amazon.com
Opportunities 1. Pressure to permanently ban the Internet Tax 2. State of the economy is improving 3. Customer spending increased 4. Currency fluctuation (weak dollar) 5. Increased number of Internet users in the US 6. Broadband access technology 7. Increased number of Internet users worldwide 8. Online sales predicted to increase 9. Low interest rate 10. One European currency - Euro Threats 1. Taxes imposed for EU customers 2. Unemployment level highest sine 1994 3. Currency fluctuation 4. Failure to ... Full article

The Quantitative Strategic Planning Matrix (QSPM)

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,The Quantitative Strategic Planning Matrix (QSPM) Step 1 Make a list of the firm's key external opportunities/threats and internal strengths/weaknesses in the left column of the QSPM. This information should be taken directly from the EFE Matrix and IFE Matrix. A minimum of 10 external critical success factors and 10 internal critical success factors should be included in the QSPM. Step 2 Assign weights to ... Full article

The Matching Stage- SWOT Matrix

The Matching Stage- SWOT Matrix
The SWOT Matrix The SWOT Matrix is an important matching tool that helps managers develops four types of strategies: a.SO strategies—use a firm’s internal strengths to take advantage of external opportunities. b.WO strategies—are aimed at improving internal weaknesses by taking advantage of external opportunities. c.ST strategies—use a firm’s strengths to avoid or reduce the impact of external threats. d.WT strategies—are defensive tactics directed at reducing internal weaknesses and avoiding external ... Full article
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