Why is inclusion of about 20 factors recommended in the EFE Matrix, rather than about 10 factors or about 40 factors?
Answer to relevant QuestionsIn developing an EFE Matrix, would it be advantageous to arrange your opportunities according to the highest weight, and do likewise for your threats? Explain. Explain how to conduct an external strategic-management audit. Let’s say your boss develops an EFE Matrix that includes 62 factors. How would you suggest reducing the number of factors to 20? In your opinion, what are the four major external threats facing PetSmart, and the four major opportunities? Realizing the importance of quantification in stating key factors, how could your factors be quantified? Identify ...Think of an organization you are very familiar with. List three resources of that entity that are empirical indicators.
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