Changes in the organization's management, marketing, finance/accounting, production/operations, R&D, and MIS strengths and weaknesses should be the focus of a revised
A) mission.
B) IFE matrix.
C) vision.
D) EFE matrix.
E) EPM matrix.

Question

Quizplus · Accepted Answer

The IFE matrix (Internal Factor Evaluation matrix) analyzes the internal strengths and weaknesses of an organization in terms of management, marketing, finance/accounting, production/operations, R&D, and MIS. Therefore, it is the best choice for a revised analysis of these areas within an organization. A mission and vision statement do not provide a detailed analysis of the organization's internal factors, while the EFE matrix and EPM matrix focus on external factors.

Changes in the Organization's Management, Marketing, Finance/accounting, Production/operations, R&D, and MIS