In developing an IFE Matrix, what is an important guideline? A. Never assign a rating of more than 4.0 for a factor. B. Never assign a weight of more than 1.0 for a factor. C. Include factors that are actionable, quantitative, comparative, and divisional (AQCD) to the extent possible. D. Include at least 20 factors. E. Assign higher weights for factors that have higher ratings.

Question

Anderson Romero

Business

10 May, 11:40

In developing an IFE Matrix, what is an important guideline? A. Never assign a rating of more than 4.0 for a factor. B. Never assign a weight of more than 1.0 for a factor. C. Include factors that are actionable, quantitative, comparative, and divisional (AQCD) to the extent possible. D. Include at least 20 factors. E. Assign higher weights for factors that have higher ratings.

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Mcdonald · Answer 1

In developing an IFE Matrix, what is an important guideline (C) Include factors that are actionable, quantitative, comparative, and divisional (AQCD) to the extent possible.

Explanation:

Internal Factor Evaluation (IFE) matrix is used for analyzing and evaluating the major functional areas of a business.

It is a strategic management tool used for auditing and evaluating the strength and weaknesses of a Business and its functional areas.

The ratings in internal matrix refer to how strong or weak each factor is in a firm.

The ratings range from 4 to 1, where 4 means a major strength, 3 - minor strength, 2 - minor weakness and 1 - major weakness. Strengths can only receive ratings 3 & 4, weaknesses - 2 & 1.

In developing an IFE Matrix, what is an important guideline (C) Include factors that are actionable, quantitative, comparative, and divisional (AQCD) to the extent possible.