Use the IE Matrix to Analyze and Set Your Strategy
You will be able to design your corporate strategy using the Internal-External (IE) Matrix by the end of this guided assignment. The IE framework is a diagnostic and prescriptive tool for increasing competitiveness and efficiently allocating resources. The framework is used to compare the income and percentage profit of an organization's various divisions using the IFE-EFE matrix.
In addition, the IE matrix, one of the best online matrices courses, has three key sections that inform the strategy to be pursued based on the study performed. The project is aimed at business leaders and strategists who wish to make well-informed strategic decisions for their companies. You will be able to use the model to make effective strategic decisions by the end of the project.
THE SKILLS YOU WILL DEVELOP
- Corporate strategy
- Leadership
- Management
- Entrepreneurship
LEARN STEP BY STEP:
- Explain the application of the IE Matrix in setting corporate strategy for your organization
- Compute the Internal Factor Evaluation matrix to ascertain your strengths and weaknesses
- Apply External Factor Evaluation matrix to find out your opportunities and threats
- Determine the internal and external score of the analyzed division of the organization
- Compute the revenue and profit of the divisions of your organization
- Tabulate the figure of the divisional internal and external factors with the framework
- Sketch the model to determine where each of the divisions falls on the cells
- Analyze the model and use it to make strategic decisions for your organization
Rating: N/A
Website: coursera.org/projects/use-the-ie-matrix-to-analyze-and-set-your-strategy
