Which of the following is the first step in developing an IFE Matrix?
A)Summing the weighted scores for each variable
B)Identifying the organization's strengths and weaknesses
C)Identifying the organization's functions of business
D)Determining the lead strategist
E)Determining the organization's structure

Question

Quizplus · Accepted Answer

The first step in developing an Internal Factor Evaluation (IFE) Matrix is to identify the organization's strengths and weaknesses. This involves conducting an internal analysis of the organization's resources, capabilities, and competencies. Once the strengths and weaknesses have been identified, they can be assigned a weight and a rating to develop the IFE Matrix.

Which of the Following Is the First Step in Developing