Strategy Management: External Factor Evaluation (EFE) Matrix (Video #49)

In this video, we will continue our exploration of the External Analysis step, focusing on the development of the External Factor Evaluation Matrix. The External Factor Evaluation Matrix (EFE) is a strategic management tool used to evaluate and prioritize external factors affecting an organization. It involves identifying key opportunities and threats in the external environment and assigning weightage to each factor based on its relative importance. To learn more about External Analysis for Strategy Formulation: Macro Environment Analysis: https://www.seevid.ir/fa/w/8UxTFWDY6_E Industry Competitive Analysis: https://www.seevid.ir/fa/w/LlCMD_N-tuE External Factor Evaluation (EFE) Matrix: https://www.seevid.ir/fa/w/LlCMD_N-tuE Competitors’ External Factor Evaluation (EFE) Matrix: https://www.seevid.ir/fa/w/ViFWgQtVU1s External Analysis Execution: https://www.seevid.ir/fa/w/7NZFlW-Gqxg Introduction to Strategy Formulation: https://www.seevid.ir/fa/w/gANLp18G_gA Mission, Vision & Values for Strategy Formulation: https://www.seevid.ir/fa/w/VlsgVmj616o Strategic Intent for Strategy Formulation: https://www.seevid.ir/fa/w/6VkRuuzfjrQ