Construct an IFE Matrix (Strength & Weakness)for (Yorkville University, Online C
ID: 468503 • Letter: C
Question
Construct an IFE Matrix (Strength & Weakness)for (Yorkville University, Online Canadadian University)
Purpose This exercise gives you the opportunity to evaluate your university’s major strengths and weaknesses., an organization’s strategies are largely based on striving to take advantage of strengths and improving upon weaknesses. Instructions
Develop a IFE Matrix for the university. You may use the strengths and weaknesses determined in Assurance of Learning Exercise 1D on page 37.
Step 2 What strategies do you think would allow your university to capitalize on its major strengths? What strategies would allow your university to improve upon its major weaknesses?
David, Fred R.; David, Forest R.. Strategic Management: A Competitive Advantage Approach, Concepts & Cases (Page 125). Pearson Education. Kindle Edition.
Explanation / Answer
Please note: I can only facilitate you in making IFE matrix your University. I cannot make a matrix on behalf of you. Being a university student, you should know the internal strengths and weakness of your university.
IFE matrix or Internal Factor evaluation matrix is a matrix is a management tool which plots the strengths and weakness of a particular business. In your case, you should know the strengths and weakness of your University. If you do not know the stengths and weakness, conduct an internal audit of your University.
Step 1: Conduct an internal evaluation or internal audit of the university and list the important features of the university. Say for example, your evaluation criteria should be based of following factors.
This is just a sample list. You can add any thing from your end too.
Step 2: Now divide these attributes into strengths and weakness.
Step 3: Note give the rating for each attribute from 1-5, also give the weights for each attribute such that the total % should be equal to 100%
Step 4: Calculate weighted score
Example:
Total weighted score - 2.85
weight % = 100
If the total weighted score is below 2.5 then it points to internal weakness. If it is above 2.5, then the university has strong internal position.
Internal strengths weight Rating Weighted score Teaching staff 30% 4 1.2 Academics 25% 4 1 Internal weakness Canteen facilities 25% 1 0.25 Online courses 20% 2 0.4