Perform an External Factor Evaluation (EFE) on the external environment of your chosen and approved corporation. (My approved Corporation is META (FACEBOOK)).

The critical thing to remember about this analysis is that you should develop a thorough understanding of the external opportunities and threats you have identified. Because of the importance of factor knowledge, you MUST acquire a minimum of one APA citation for each external factor discussed. Remember to include an APA in-text citation to correspond with your APA listing in the References section at the end of your paper.

Your analysis MUST include a chart.

Choose 6-10 external factors for analysis, 5 maximum opportunities and 5 maximum threats (total factors will depend on the nature of the industry).

Each factor should be presented and discussed completely under its own heading. An APA-format citation MUST be included for each factor listing where you found your information.

Five pages or less (excluding chart).

Chart must begin the assignment and be on one page only.

APA format paper, no cover page.

APA first page header.

APA 1" side, top, and bottom margins.

Double-spaced 12-point Times New Roman font.

Note: All external factors should be derived from your external research, i.e., you should not present speculation, made-up/fictitious personal beliefs and assertions, or common knowledge as researched factors. You must therefore, only present factors that you can prove through your research and citations. Plagiarism will result in a zero for this assignment.

For each factor create a topic heading. Write a paragraph or two, as necessary, discussing the nature of the factor, how it will impact the firm, and its importance to the future strategy of the firm (i.e., explain why you assigned the rating score that you did) and cite the source of your information.

List key external factors as identified in the external-audit process. Include a total of from eight to ten factors, including both opportunities and threats affecting the firm and its industry. List the opportunities first and then the threats. Be as specific as possible, using percentages, ratios, and comparative numbers whenever possible.

Assign to each factor a weight that ranges from 0.0 (not important) to 1.0 (very important). The weight indicates the relative importance of that factor to being successful in the firm's industry. Opportunities often receive higher weights than threats, but threats too can receive high weights if they are especially severe or threatening. Appropriate weights can be determined by comparing successful with unsuccessful competitors or by discussing the factor and reaching a group consensus. In the end, the weight assigned is wholly up to you and your considered judgment the more important a factor is to future success, the greater the weight assigned. The sum of all weights assigned to the factors must equal 1.0.

Assign a 1-to-4 rating to each key external factor to indicate how effectively the firm's current strategies respond to the factor, where 4 = the response is superior, 3 = the response is above average, 2 = the response is average, and 1 = the response is poor. Ratings are based on effectiveness of the firm's strategies to date in your judgment. It is important to note that both threats and opportunities can receive a 1, 2, 3, or 4.

Multiply each factor's weight by its rating to determine a weighted score.

Sum the weighted scores for each variable to determine the total weighted score for the organization.

Regardless of the number of key opportunities and threats included in an EFE Matrix, the highest possible total weighted score for an organization is 4.0 and the lowest possible total weighted score is 1.0. The average total weighted score is 2.5. A total weighted score of 4.0 indicates that an organization is responding in an outstanding way to existing opportunities and threats in its industry. In other words, the firm's strategies effectively take advantage of existing opportunities and minimize the potential adverse effect of external threats. A total score of 1.0 indicates that the firm's strategies are not capitalizing on opportunities or avoiding external threats.