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 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 identify and list the most important external factors (EFAS) and internal factors (IFAS) that may affect the company's strategic position. This step helps in understanding the company's key strengths and weaknesses as well as the opportunities and threats in the external environment. Once the EFAS and IFAS are identified, the weighted scores can be calculated, and the ratings of how the company's management is responding to each strategic factor can be entered to develop the SFAS matrix. Indicating short-term duration and entering the weights for internal factors are subsequent steps in the process.

In the Development of a SFAS Matrix, the First Step