The SFAS (Strategic Factors Analysis Summary) table is Exhibit 3 of your SA.
The SFAS (Strategic Factors Analysis Summary) table is Exhibit 3 of your SA.
Complete the SFAS as described on pages 171-173 in the textbook. Focus on identifying the 10 most important strategic factors. Be sure to keep your SWOT tags on each SF.
Revise the weights to add to 1.0 and the ratings as needed.
You must complete the Comments Column in the table. Repeat or revise your comments for each strategic factor from the previous EFAS and IFAS tables.
Be sure to explain WHY it is a strategic factor; a quantified estimate of the potential impact (QPI) in the future of the SF; how you assigned the weight; and how you assigned the rating; and for Internal SF identify the Core Competencies (CC) and Distinctive Competencies (DC). Use the same quantitative analysis that you did for the EFAS and IFAS to estimate and quantify the potential impacts in the future; the impact on the firm’s future survival; and how well or how badly the firm is handling the SF right now.
Use the SFAS Template provided in Module 5. These are just templates with words of reference. Use your own thinking and words.
How to Create a TOWS Matrix A good explanation to transition from SFAS to TOWS is in reading TOWS Matrix Handout.docx in Module 5 PPT readings.
Using the SFAS you submitted for BUS485A, create a 2×2 matrix for the TOWS matrix as it is shown in TemplateSA-EXH7-TOWS.docx.
Make sure you have at least 2 strategies in each cell of the 2×2 matrix.
the readings:
The EFAS and IFAS Tables plus the SFAS Matrix were developed to deal with some of the criticisms of SWOT analysis and have been very effective. The SFAS (Strategic Factors Analysis Summary) Matrix summarizes an organization’s strategic factors by combining the external factors from the EFAS Table with the internal factors from the IFAS Table. The EFAS and IFAS examples given of Maytag Corporation (as it was in 1995) in Table 4–5 and Table 5–2 list a total of 20 internal and external factors. These are too many factors for most people to use in strategy formulation. The SFAS Matrix requires a strategic decision maker to condense these strengths, weaknesses, opportunities, and threats into fewer than 10 strategic factors. This is done with a management team review and then by revising the weight given each factor. The revised weights reflect the priority of each factor as a determinant of the company’s future success. The highest-weighted EFAS and IFAS factors should appear in the SFAS Matrix.
As shown in Figure 6–1, you can create an SFAS Matrix by following these steps:
In Column 1 (Strategic Factors), list the most important EFAS and IFAS items. After each factor, indicate whether it is a Strength (S), Weakness (W), an Opportunity (O), or a Threat (T).
In Column 2 (Weight), assign weights for all of the internal and external strategic factors. As with the EFAS and IFAS Tables presented earlier, the weight column must total 1.00. This means that the weights calculated earlier.EFAS and IFAS will probably have to be adjusted.
In Column 3 (Rating) assign a rating of how the company’s management is responding to each of the strategic factors. These ratings will probably (but not always) be the same as those listed in the EFAS and IFAS Tables.
In Column 4 (Weighted Score) multiply the weight in Column 2 for each factor by its rating in Column 3 to obtain the factor’s rated score.
In Column 5 (Duration), depicted in Figure 6–1, indicate short-term (less than one year), intermediate-term (one to three years), or long-term (three years and beyond).
In Column 6 (Comments), repeat or revise your comments for each strategic factor from the previous EFAS and IFAS Tables. The total weighted score for the average firm in an industry is always 3.0.
A table.A table.
The resulting SFAS Matrix is a listing of the firm’s external and internal strategic factors in one table. The example given in Figure 6–1 is for Maytag Corporation in 1995, before the firm sold its European and Australian operations and it was acquired by Whirlpool. The SFAS Matrix includes only the most important factors gathered from environmental scanning, and thus provides information that is essential for strategy formulation. The use of EFAS and IFAS Tables together with the SFAS Matrix deals with some of the criticisms of SWOT analysis. For example, the use of the SFAS Matrix reduces the list of factors to a manageable number, puts weights on each factor, and allows one factor to be listed as both a strength and a weakness (or as an opportunity and a threat).
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
