External Factor Evaluation (EFE) Matrix

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<p align&equals;"justify">External Factor Evaluation &lpar;EFE&rpar; Matrix is a strategic management tool which allows the strategists to examine the cultural&comma; social&comma; economic&comma; demographic&comma; political&comma; legal&comma; and competitive information&period; EFE Matrix indicates whether the firm is able to effectively take advantage of existing opportunities along with minimizing the external threats&period; Similarly&comma; it will help the strategists to formulate new strategies and policies on the basis of existing position of the company&period; An example of external factor evaluation &lpar;EFE&rpar; matrix is given for the Perrigo Company &lpar;Leading global healthcare supplier that develops&comma; manufactures and distributes over-the-counter &lpar;OTC&rpar; and prescription pharmaceuticals&rpar;&period;<&sol;p>&NewLine;<h3>&&num;160&semi;<&sol;h3>&NewLine;<h3>Steps in the Construction of EFE Matrix<&sol;h3>&NewLine;<p> &&num;160&semi;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;