Tag: EFE Matrix
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EFE Matrix analysis or External Factor Evaluation Matrix analysis is used in the strategic analysis of the external environment of a business organization. Specifically, it is used to identify and analyze an organization’s threats and opportunities. In other words, EFE matrix analysis is used in the evaluation of an organization’s external environment to determine the…
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QSPM matrix analysis is important for strategic, high-level management since it provides an effective analytical method for comparing alternative strategic options. In that regard, it is used by businesses to determine the best market strategies through reliable, statistical analysis. Quantitative strategic planning matrix (qspm) is divided into three stages. Initially, the factors that are crucial…