IFE (Internal Factor Evaluation) Matrix

IFE (Internal Factor Evaluation) Matrix

Introduction

Internal Factor evaluation is strategic management tool that is used for evaluating and auditing major weaknesses and strengths of functional business areas of any company. It is a step for synthesis of an internal audit of strategic management. This strategic management instrument helps in evaluating major weakness and strength of organizational functional areas, it assist in explaining the relationship between different areas of an organization. In developing an IFE Matrix intuitive judgments must be applied, so the fact that this technique is far more important to understand in depth factors including the actual ...