Internal Factor Evaluation Matrix Wal-Mart

&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">Internal factor evaluation &lpar;IFE&rpar; matrix is a strategy formulation tool which is used to examine the strengths and weaknesses in the functional area of a business&period; In IFE Matrix it is more important to thoroughly understand the factors included rather than the actual numbers&period; Therefore intuitive judgments are required in developing IFE Matrix&period; Step by step construction of IFE Matrix is given for the Wal-Mart &lpar;An American public corporation that runs a chain of large discount department stores and a chain of warehouse stores&rpar;&period;<&sol;p>&NewLine;<h3>&&num;160&semi;<&sol;h3>&NewLine;<h3>Steps in the Construction of IFE Matrix <&sol;h3>&NewLine;<p> &&num;160&semi;<&sol;p>&NewLine;<ol>&NewLine;<li>&NewLine;<div align&equals;"justify">In the first column&comma; lists down all the strengths and weaknesses&period; IFE matrix should include 10 to 20 key internal factors&period;<&sol;div>&NewLine;<&sol;li>&NewLine;<li>&NewLine;<div align&equals;"justify">In the second column&comma; assign weights to each factor ranging from 0&period;0 &lpar;not important to 1 &lpar;most important&rpar;&period; Greater weights should be given to those internal factors which have grater influence on the organizational performance&period; The sum of all weights must equal 1&period;<&sol;div>&NewLine;<&sol;li>&NewLine;<li>&NewLine;<div align&equals;"justify">In the third column&comma; rate each factor ranging from 1 to 4&period; Here&comma; rating 1 represents major weakness&comma; rating 2 shows minor weakness&period; Similarly&comma; rating 3 indicates minor strength whereas rating 4 shows major strength&period; It means that weakness must receive 1 or 2 rating while strength must get 3 or 4 rating&period;&NewLine;<&sol;div>&NewLine;<&sol;li>&NewLine;<li>&NewLine;<div align&equals;"justify">In the fourth column&comma; calculate weighted score by multiplying each factor&&num;8217&semi;s score by its rating&period;<&sol;div>&NewLine;<&sol;li>&NewLine;<li>&NewLine;<div align&equals;"justify">Find the total weighted score by adding the weighted scores for each variable&period;<&sol;div>&NewLine;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p> &&num;160&semi;<a href&equals;"http&colon;&sol;&sol;mba-lectures&period;com&sol;wp-content&sol;uploads&sol;2010&sol;11&sol;image&period;png"><img style&equals;"border-bottom&colon; 0px&semi; border-left&colon; 0px&semi; display&colon; block&semi; float&colon; none&semi; margin-left&colon; auto&semi; border-top&colon; 0px&semi; margin-right&colon; auto&semi; border-right&colon; 0px" title&equals;"image" border&equals;"0" src&equals;"http&colon;&sol;&sol;mba-lectures&period;com&sol;wp-content&sol;uploads&sol;2010&sol;11&sol;image&lowbar;thumb&period;png" width&equals;"500" height&equals;"338" &sol;><&sol;a> &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;