Head Office Apple Inc.
Before going into further details, there are some important terms in IFE matrix which should be known to the individual who shall be using this tool of internal analysis of any Company or Organization.
Following are the important components of IFE Matrix: Strengths Strengths are the strong areas or attribute of the company, which are used to overcome weakness and capitalize to take advantage of the external opportunities available in the industry.
The strengths could be tangible or intangible; such as brand image, financial position, income, human resource. Weaknesses Weaknesses are the risky areas which needs to be addressed on priority to minimize its impact.
The competitors always searching for the loop holes in your company and put their best effort to capitalize on the identified weaknesses. How we can differentiate strength and weakness in IFE matrix?
The strengths and weaknesses are organized in IFE matrix in different portions mean all strengths are listed first under internal factors and then comes the internal weakness. In case if all the factors are listed altogether then the rating will help you out to identify internal strength and weakness.
Rating Rating is common word I hope you are aware of it, in IFE rating is the way out to differentiate internal strengths and weakness.
Internal weakness are further divided in two categories namely minor weakness and major weakness same goes of the strengths minor strength and major strength There are some important point related to rating in IFE matrix.
Rating is applied to each factor. Major weakness is represented by 1. As compared to major strength minor weakness need little efforts of the company to change it into strength.
The range of rating start from minimum 1. The weight range from 0. Weighted Score Weighted score value is the result achieved after multiplying each factor rating with the weight.
Total Weighted Score The sum of all weighted score is equal to the total weighted score, final value of total weighted score should be between range 1. The average weighted score for IFE matrix is 2. The company total weighted score higher then 2. Steps to develop IFE Matrix [adsense]1.
List key internal factors as identified in the internal audit process. Use a total of from ten to twenty internal factors, including both strengths and weaknesses. List strengths first and then weaknesses. Be as specific as possible, using percentages, ratios, and comparative numbers.
Assign a weight that ranges from 0. Regardless of whether a key factor is an internal strength or weakness, factors considered to have the greatest effect on organizational performance should be assigned the highest weights.
The sum of all weights must equal 1. Note that strengths must receive a 4 or 3 rating and weaknesses must receive a 1 or 2 rating. Ratings are thus company based, whereas the weights in Step 2 are industry based. Sum the weighted scores for each variable to determine the total weighted score for the organization.
What are the examples of Internal Factors?
There are few examples of internal factors of the company.Apple IFE Matrix Analysis It was pretty surprising to me to find that all the different groups came up with fairly similar ratings in their IFE matrix for Apple Inc. A CRITICAL ANALYSIS OF INTERNAL AND EXTERNAL ENVIRONMENT OF APPLE INC Usman Ali Khan environment through SWOT analysis, PESTLE analysis, BCG matrix and Porters five forces model.
A critical analysis of Apple was done on its corporate governance, corporate social analyses the external as well as internal environment of Apple Inc. with. Factors Evaluation (EFE) for Apple: EFE Matrix Model 2: Showing EFE matrix for APPLE Inc. Think Different Competitive Profile Matrix The Competitive Profile Matrix (CPM) identifies a firm‟s major competitors and its particularstrengths and weaknesses in relation to a sample firm‟s strategic position (David, ).
For Apple, Inc: 1. Develop a Internal Factor Evaluation (IFE) Matrix. Use a total of factors factors relating to the following environmental factor perspectives: Factors relating to internal aspects like: Financial Condition and Cost of Operations - Marketing, Promotion, Branding - Success/Failure of Products or Services - Intellectual Property - Market Share - Employee Skills/Quality.
Internal Factor Evaluation Matrix (IFE) Key Internal Factors Strength Nestle Nokia Group Strategic Management. Efe and Ife of Nestle. BCG MATRIX APPLE INC.
Internal Factors Evaluation Matrix. Apple Case Study Apple INC. External Factors Evaluation Matrix of ashio-midori.com Documents Similar To Apple EFE, IFE, CPM Matrix. QSPM for 3/5(2). Internal Factor Evaluation (IFE) Matrix is a strategy tool used to evaluate firm’s internal environment and to reveal its strengths as well as weaknesses.