Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Develop a Quantitative Strategic Planning Matrix (QSPM) on your chosen company. Use input information from Stage 1 (EFE, IFE, and CPM) to objectively evaluate feasible
- Develop a Quantitative Strategic Planning Matrix (QSPM) on your chosen company. Use input information from Stage 1 (EFE, IFE, and CPM) to objectively evaluate feasible alternative strategies identified in Stage 2 (SWOT). Provide a thorough analysis of your QSPM.
(Exxon Mobil IFE) Internal Factor Evaluation (IFE) for ExxonMobil.
Strengths | Weight | Rating | Weighted Score | |
1 | Huge producer in 21 different nations | 0.10 | 4 | 0.40 |
2 | Powerful compared to its competitors | 0.08 | 4 | 0.32 |
3 | Earns more revenue from upstream operations | 0.09 | 3 | 0.27 |
4 | Has a larger market share outside the United States | 0.07 | 3 | 0.21 |
5 | More production in North America | 0.06 | 4 | 0.24 |
6 | Utilizes advanced technology | 0.06 | 4 | 0.24 |
7 | Exxon is the largest global refiner | 0.07 | 4 | 0.28 |
8 | The lubricants business continues to expand | 0.04 | 3 | 0.12 |
9 | Among the leading petrochemical businesses globally | 0.04 | 4 | 0.16 |
Total Weighted for Strengths | 2.24 |
Weaknesses | Weight | Rating | Weight Score | |
1 | Exon lacks a mission or vision statement. | 0.04 | 1 | 0.04 |
2 | The organization's management is lacking and bias | 0.04 | 1 | 0.04 |
3 | Environmental pollution | 0.03 | 1 | 0.03 |
4 | Downstream revenues account for only about 10% of all revenues | 0.03 | 2 | 0.04 |
5 | Exxon's transitioning | 0.04 | 2 | 0.08 |
6 | Weak Downstream business | 0.04 | 2 | 0.08 |
7 | Unpromising future in refining | 0.04 | 1 | 0.04 |
8 | Refining business | 0.06 | 1 | 0.06 |
9 | High debts affecting forms of part of SBU | 0.04 | 2 | 0.08 |
10 | The decline in Chemical SBU | 0.03 | 1 | 0.03 |
Total Weighted for Weaknesses | 0.52 |
- Assess the leadership strategy needed to support your preferred alternative strategy. What characteristics are critical (i.e., Planning, Organizing, Motivating, and Controlling)?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started