answersLogoWhite

0

EFE means the external factor evaluation matrix, it lists a series of company's external opportunities and threats, and evaluate these factors' importance from a scale of 0-1 so that they will finally add up to one. Rate how well the company is handling these factors from 1-4, then you get a score. If it's below 2.5 you are doing bad, if it's beyond 2.5 then you know your company is doing okay.

User Avatar

Wiki User

14y ago

What else can I help you with?

Continue Learning about Management

How much authority should be assigned to the project manager?

Authority is usually never assigned to the Project Manager, it is either earned (grabbed) by the Project Manager or it is based on the type of organization (functional, projectized, matrix). Functional: The Project Manager has no or little authority over the resources. Projectized: The Project Manager has almost absolute authority. Matrix: A balance between functional and projectized.


What are the advantages and disadvantages of matrix organizations?

An advantage to the matrix structure lies in the efficient use of resources because of ease of access. This structure also demonstrates efficient communication both vertically and horizontally. Because of this, once the projects have ended, the team members are likely to receive a job elsewhere in the organization. A disadvantage of the matrix structure is complexity, which can be difficult to manage. For example, if the functional manager and the project manager do not communicate well, the team members can be caught in the middle, causing confusion.


Which Businesses Use Matrix Structures?

Boeing


Which stage of the strategy formulation framework involves the quantitative strategic planning matrix?

It is the third stage - the decision stage.STAGE 1 : THE INPUT STAGEExternal Factor Evaluation (EFE) MatrixCompetitive Profile MatrixInternal Factor Evaluation (IFE) MatrixSTAGE 2 : THE MATCHING STAGEStrengths, Weaknesses, Opportunities & Threats (SWOT) MatrixStrategic Position and Action Evaluation (SPACE) MatrixBoston Consulting Group (BCG) MatrixInternal External (IE) MatrixGrand Strategy MatrixSTAGE 3 : THE DECISION STAGEQuantitative Strategic Planning Matrix (QSPM)


What type of organisational structure does nike use?

a so called matrix organization structure

Trending Questions
What is the goal when making risk management decisions? How would you ensure that everyone was involved in the planning and decision making process? Define management by objective mbo and also explain its functions? What's a stand-up meeting and how is it typically conducted in a work setting? What are the examples of line and staff organisation? Who regulates property management companies? An expanding incident may require delegation of authority for the performance of Operations Planning Logistics and Finance Administration functions The people who perform these four management fun? How does the controlling function of management contribute to achieving organizational objectives within business management? Evaluate the key aspects of employee relation management and employment legislation that affect decision making in this company an organisational context? What rm process step requires a cycle of continuous reassessment until the benefits of completing the mission outweigh the risk? Who is the manager of cineworld? How can agile principles be applied to effectively manage a robotics team? What are the main results of project integration management? What are the key differences in roles and responsibilities between a project manager and a project coordinator? What is under a CEO? What is a business management consultant? How many employees does target corporation have? Steps of vision making for an organization? How much time do good project managers spend on each process group and why? What is called the number of employees a manager directly supervises?