Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

detailed answer B. Construct an EFE Matrix for business university using the five steps as follows: 1. List key external factors as identified in the

detailed answer

image text in transcribed
B. Construct an EFE Matrix for business university using the five steps as follows: 1. List key external factors as identified in the external-audit process. Include a total of 20 factors from both the opportunities and threats. 2. Assign to each factor a weight from 0.0 (not important) to 1.0 (very important). These weights show the relative importance. The total of all the weights should equal 1.0. 3. Assign a 1-4 rating to each factor to indicate how effective the firm's current response strategy is: 1= the response is poor, 2 = the response is average, 3 = the response is above average, and 4 = the response is superior. 4. Multiply each factor's weight by its rating to get a weighted score. 5. Sum the weighted scores for each variable to determine the total weighted score for the organization. C. Using the model provided in the text, develop a Competitive Profile Matrix for business university as compared with two major competitors. List at least 12 Critical Success Factors. Critical success factors include internal and external issues

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Process

Authors: Lee Long

4th Edition

978-0201822939,0201822938

More Books

Students also viewed these General Management questions

Question

What is the binary equivalent of the hexadecimal number 0 xC 6 ?

Answered: 1 week ago

Question

6. Describe how proxemics affects our actions.

Answered: 1 week ago