13 Jan What do the respective weighted

Week 3 learning activity

General instructions:

Research, apply and answer in your own words with appropriate reference(s) and in-text citation(s) to this week’s readings, videos, and/or examples from current events to support the position and/or rationale.

Label your responses specifically “Learning activity 1”, and “Learning activity 2”.

Write in 250 words at least for initial response. Due by Thursday.

Write in 75 words for each follow-up response (at least 2 follow-up responses for each learning activity) by expanding the discussion topic substantively and explore other possibilities and/or solutions, thereby enriching class learning. Due by Sunday.

Each week there are 2 learning activities. Each learning activity requires 1 initial response, and 2 follow-up postings. Hence, for 2 learning activities of each week, 2 separate initial responses and 4 follow-up postings in total are required to meet the discussion requirements.

In each of the weekly learning activities (that is, weekly discussion participation forum) in this course, learners are not allowed to use the same companies as those are instructed as the focal companies in the Assignment 1, Assignment 2, and Assignment 3 Phase 1 of this course.

Week 3 Learning Activity 1

External Factor Evaluation (EFE) Matrix allows strategists to summarize and evaluate economic social, cultural, demographic, environmental, political, governmental, legal, technological, and competitive information. (David, 2005, p.101)

Requirement 1: Select one (1) focal company out of the following industries:

A hospital chain, (2) A seafood processing company (3) A die-cast toy manufacturing company, (4) A hunting accessory manufacturing company, and (5) A carpet manufacturing company

Requirement 2: Discuss briefly some relevant background information about that company and its industry in regards to its external environment.

Requirement 3: Determine at least 3 external factors as “opportunities”, and 3 other external factors as “threats”.

Requirement 4: Compile an External Factor Evaluation (EFE) Matrix (with specific internal factors, weights, scores, and weighted scores) as an analytic tool for technically evaluating the focal company.

EFE (External Factor Evaluation) Matri

EFE – Key External Factors

Opportunities

Weight

Rating

Weighted Score

Threats

Totals for EFE

1.0

(Leave this cell blank)

Requirement 5:

Why did you choose those opportunities and threats?

(Please keep in mind you need to discuss at least 3 supporting reasons for each of these respective factors.)

What do the respective weighted EFE scores mean for that organization from a strategic planning viewpoint?

What are some strategic implications by interring based on the total weighted scores that are derived from the EFE matrix respectively?

Support the rationale for your explanation.

Use the appropriate APA formatted scholarly reference sources and corresponding in-text citations in all your postings.

Week 3 Learning Activity 2

IFE (Internal factor evaluation) matrix of a focal company or organization is a strategy-formulation tool that summarizes and evaluates the major strengths and weaknesses in the functional areas of a business, and it also provides a basis for identifying and evaluating relationship among those areas. (David, 2005, p.147)

Requirement 1: Use the same company that you have selected in Learning Activity 1.

Requirement 2: Discuss briefly some relevant industry and background information about that company in regards to its internal environment.

Requirement 3: Determine at least 3 internal factors as “strengths” and 3 other internal factors as “weaknesses”.

Requirement 4: Compile an Internal Factor Evaluation (IFE) Matrix (with specific internal factors, weights, scores, and weighted scores) as an analytic tool for technically evaluating the focal company.

IFE (Internal factor evaluation)

IFE – Key Internal Factors

Strengths

Weight

Rating

Weighted Score

Weaknesses

Totals

1.0

(Leave this cell blank)

Reference

David, F.R. (2005). Strategic management: Concepts and cases.(10th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall

Requirement 5:

Why did you choose those strengths and weaknesses?

(Please keep in mind you need to discuss at least 3 supporting reasons for each of these respective factors.)

What do the respective weighted IFE scores mean for that organization from a strategic planning viewpoint?

What are some strategic implications by inferring based on the total weighted scores that are derived from the IFE matrix respectively?

Support the rationale for your explanation.

Use the appropriate APA formatted scholarly reference sources and corresponding in-text citations in all your postings.