External Factor Evaluation|Quick homework help
Posted: January 24th, 2023
I am attaching the other parts that will help you do this part.
External Factor Evaluation (EFE)
In this opening paragraph, explain what the significance is regarding an External Factor Evaluation for an organization (see Table 7). This explanation must include the rankings 1 to 4 as well as the weighting 0.00 to 1.00. This paragraph must have 5 to 6 academic sentences with 2 to 3 current scholarly sources. In addition, explain the results of your EFE analysis regarding the total weighted score. Indicate whether the value you obtained was greater than the average (2.5), less than or equal to and what this means. You should include Table 7, which will include the matrix of the evaluation of the 20 external factors.
Table 7
External Factor Evaluation Matrix
Opportunities
Weight
Rating
Weighted score
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Threats
Weight
Rating
Weighted score
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Totals
1.00
#.##
The following are my eight factors (i.e., 4 opportunities, 4 threats).
Four Opportunities. Provide a minimum of 5 to 6 academic sentences explaining why you chose these four opportunities to improve the total weighted score, whether the score was above or below the 2.50 total weighted score. You must have at least 4 to 6 current scholarly sources to validate your claims. An example of an opening sentence to this paragraph should read: The following four opportunities were identified from my External Factor Evaluation (see Table 8): (a) xxxx, (b) xxxx, (c) xxxx, and (d) xxxx.
First Selected Opportunity. Begin sentence here and explain why you chose this opportunity.
Second Selected Opportunity. Begin sentence here and explain why you chose this opportunity.
Third Selected Opportunity. Begin sentence here and explain why you chose this opportunity.
Fourth Selected Opportunity. Begin sentence here and explain why you chose this opportunity.
Four Threats. Provide a minimum of 5 to 6 academic sentences explaining why you chose these four threats to improve the total weighted score, whether the score was above or below the 2.50 total weighted score. You must have at least 4 to 6 current scholarly sources to validate your claims. An example of an opening sentence to this paragraph should read: The following four threats were identified from my External Factor Evaluation (see Table 8): (a) xxxx, (b) xxxx, (c) xxxx, and (d) xxxx.
First Selected Threat. Begin sentence here and explain why you chose this threat.
Second Selected Threat. Begin sentence here and explain why you chose this threat.
Third Selected Threat. Begin sentence here and explain why you chose this threat.
Fourth Selected Threat. Begin sentence here and explain why you chose this threat.
Table 8
Four Opportunities and Four Threats Factors
SOLUTION
External Factor Evaluation (EFE) is a strategic management tool used to assess the external factors that can positively or negatively impact an organization. These factors can include economic conditions, technological changes, demographic trends, and political and legal factors. The EFE matrix is a tool used to evaluate these external factors and can help an organization identify opportunities and threats that may impact their operations. The EFE matrix is used to evaluate an organization’s external environment and to identify areas where they can take advantage of opportunities or protect against threats. It is a useful tool for evaluating a company’s overall competitive position and for developing strategic plans.
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.