In the development of a SFAS matrix, the first step is to
A) enter the ratings of how the company's management is responding to each of the strategic factors.
B) calculate the weighted scores.
C) list the most important EFAS and IFAS items.
D) indicate short-term goals for the duration.
E) enter the weights for all of the internal factors.

Question

Quizplus · Accepted Answer

The first step in developing a SFAS matrix is to list the most important external factors analysis summary (EFAS) and internal factors analysis summary (IFAS) items. This involves identifying the key factors that affect the company's strategic position, such as industry trends, market share, and competitive advantage. Once these factors are identified, they can be assigned a weight based on their relative importance to the company's success. The ratings and weights are then used to calculate the weighted score for each factor, which is used to construct the SFAS matrix.

In the Development of a SFAS Matrix, the First Step