Create an external factor analysis (EFAS) table for the company you researched. 1. In the external factors

Fantastic news! We've Found the answer you've been seeking!

Question:

Create an external factor analysis (EFAS) table for the company you researched.

1. In the external factors column, list at least six opportunities you saw in the company you researched. Underneath the opportunities, list at least six threats you saw in the company you researched.

2. In the weight column, assign an importance factor to each of these issues from 0.0-1.0. These ratings are based on the probable impact on a particular company’s current strategic position. The higher the weight, the more important the factor to the current and future success of the company. You may not be privy to the exact information for this company, so in some cases you will need to use your best judgment.

3. In the rating column, assign a rating factor from 5.0-1.0 (5.0 is outstanding; 1.0 is poor). These ratings are based on the company’s response to that particular factor. It is your judgment call on how the company is currently dealing with each specific factor. Once again, you may need to make an estimate in this area if you are not privy to all of the information.

4. in the weighted score column, multiply the weight from column 2 by the rating in column 3 to get the factor’s weighted score.

5. In the comments column, explain why a particular factor was selected and how its weight and rating were estimated.

6. At the bottom of column 4, add the weighted scores for the external factors. is the company doing better or worse than others in the same industry? Complete this answer underneath your table. In your essay, address the following questions:

Describe the general forces of socio cultural, technological, economic, environmental, and political-legal, in the societal environment. How does your company address each of these?

Distinguish between a fragmented and consolidated industry, and describe examples of each. Given the business area of your company, does the company exist in a fragmented or consolidated industry? Within this industry type, is the company more consolidated or fragmented?

In what ways may a corporation’s structure and culture be internal strengths or weaknesses? Look at your organization, and analyze its structural and cultural strengths and weaknesses. How can the weaknesses be improved? How would an EFAS table help in this situation?