Both of these instruments represent a table with appropriate factors external or internal listed in the first column. For each factor it is thus possible to calculate a weighted score rating multiplied by weight showing the contribution of this factor into the overall score of the company.
Data presented in tables do not speak for themselves. Whenever you present the results of data analysis, you must interpret the data.
What does it indicate? What does it mean? What are the implications? Class, for this week's individual assignment ensure you create your table or if you don't want to format in a table, just ensure you have all the information on your Word Document that should go in the table.
If you want to insert a table into your Word document, click on insert tab then click on table and select how many rows and columns. Ensure you answer the questions below and include in-text citations, reference page with properly formatted references, and ensure everything is in 3rd person and no opinions.
SFAS Questions that need to be addressed: Of the external EFAS and internal IFAS factors listed, which are the strategic most important factors that strongly affect the company's present and future performance?
Will this be an attractive industry in the future? What is happening in the external macro- environment and competitive environment to change the competitive dynamics of the industry? Does the company's current strategy fit with the external environment?
Are the company's activities and attributes appropriate for this environment? Review of Mission Statement 1. Are the current vision and mission appropriate in light of the key strategic factors and problems?
What is the likely future of this company if it continues on its current path? Should the mission statement be changed? If the mission statement is changed, what will be the most probable effects on the company? TOWS Questions that need to be addressed: Does the current strategy need to be changed or revised.
What evidence supports changing?
What are the major feasible alternative strategies available to the company? What are the pros and cons of each?Strategic factor analysis summary, Business Management.
Analysis of Strategic Factors.
MGT Strategic Management CH6. Description. Strategy formulation: Situation Analysis and Business Strategy. Total Cards. -Summarizes an organization's strategic factors by combining the external factors from the EFAS table with the internal factors from the IFAS table. Term. Please review Guidelines for the Strategic Audit Report/Preparing the tables: EFAS, IFAS, SFAS, and TOWS Week 4 homework guidance. Class, for this week's individual assignment ensure you create your table (or if you don't want to format in a table, just ensure you have all the information on your Word Document that should go in the table.). EFAS (External Factors Analysis Summary) and IFAS (Internal Factors Analysis Summary) are two techniques aimed at evaluating the external and internal environment of the company, and the performance of the company in these environments (Hunger & Wheelen, ).
Since you are aware that your analysis of strategic factors or SFAS (Strategic Factor Analysis Summary) is based on IFAS and EFAS tables, and since we will need to understand your choices, you are required to submit the three tables in Excel format in one separate file from your written Word assignment.
Purpose of EFAS and the IFAS The EFSA and the IFSA was designed to be used with the SWOT analysis. When they are combined, they are a powerful analysis tool that is used to form business strategies for the success of the company.
Please review Guidelines for the Strategic Audit Report/Preparing the tables: EFAS, IFAS, SFAS, and TOWS Week 4 homework guidance. Class, for this week's individual assignment ensure you create your table (or if you don't want to format in a table, just ensure you have all the information on your Word Document that should go in the table.).
List each of the factors developed in your IFAS and EFAS tables in Column 1. 2. Weight each factor from (Most Important) to (Not Important) in Column 2 based on that factor’s probable impact on the company’s strategic position.
As with the EFAS and IFAS tables presented earlier, the weight column must still total 3. In Column 3 (Rating), enter the ratings of how the company's management is responding to each of the strategic . The development of precision agriculture, the use The following steps should be used to complete the EFAS table 1.
In column 1 (External Factors), list the 8 to 10 most important opportunities and Essentials of Strategic Management, Prentice Hall, , page 5.