Categories: Strategic Management

External Factor Evaluation Matrix Harrah’s

&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> &&num;160&semi;<&sol;p>&NewLine;<p align&equals;"justify">By adding the weighted score of various opportunities and threats of Harrah&&num;8217&semi;s Entertainment &comma; we get the total weighted score of 3&period;06&period; Here it should be noted that the highest possible total weighted score of a firm is 4 whereas the lowest possible total weighted score is 1&period; The total weighted score remains in the limit of 1 to 4 regardless of the total number of opportunities and threats&period; Similarly&comma; the average total weighted score is 2&period;5&period; If the total weighted score of a company is 4&comma; it means that the company is effectively taking advantage of existing opportunities and is also able to minimize the risk&period; On the other hand&comma; the total weighted score of 1 shows that firm is not able to take advantage of current opportunities or avoid external threats&period; <&sol;p>&NewLine;<p align&equals;"justify">&NewLine;In the case of Harrah&&num;8217&semi;s Entertainment&comma; the total weighted score is above average&comma; which means that the Harrah&&num;8217&semi;s strategies are effective and the company is taking advantage of existing opportunities along with minimizing the potential adverse effects of external threats&period; &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;

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