scanning‚ strategy formulation‚ strategy implementation and evaluation and control (Hunger and Wheelen‚ 2007). This week’s assignment‚ we will describe the EFAS and the IFAS. Explain the purpose of each tool? We will also explain if there are any weaknesses in the EFAS/IFAS classification system? External Factors Analysis Summary (EFAS)- Is a tool that business strategists use to organize the external factors into the generally accepted categories of opportunities and threats as well as to analyze
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“Strategic planning involves identifying the current business of a firm and the business it wants for the future‚ and the course of action or strategy it will use to pursue its objectives.” (definition) While Harley-Davidson and its competitors‚ both domestic and international‚ have been alive for decades‚ it is becoming increasingly difficult to shift such established entities to compliment a new‚ younger group of potential riders. An expanding economy‚ technological advances such as the internet
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Building Brand Community on the Harley-Davidson Posse Ride Case Summary Harley Davidson Motor Company is a world famous motorcycle manufacturing company. The Harley Owners Group (H.O.G) is an enthusiast group whose main goal is to enhance the Harley-Davidson lifestyle experience and bring the company closer to its customers. The Posse Ride is one of its key features‚ which presents an opportunity to gain feedback from customers from an intimate environment. The management team at H.O.G has
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Describe the EFAS and the IFAS. What is the purpose of each tool? Are there any weaknesses in the EFAS/IFAS classification system? The EFAS stands for the external factors analysis summary. The EFAS table lists the Opportunities and Threats faced by a company‚ which has five columns. In the first column the opportunities and threats of the company are listed‚ in the second column the weight assigned to each factor is mentioned. The total weights of the external factors add up to 1.0. The third
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ANALISIS IFAS DAN EFAS PT. LION WINGS A. Latar Belakang PT. Lion Wings PT. Lion Wings semula adalah perusahaan home industry bernama Fa Wings yang didirikan oleh Johannes Ferdinand Katuari (Oen Jong Khing) dan kerabatnya Harjo Sutanto (Tan Siek Miauw) pada tahun 1948. Mula-mula membangun pabrik kecil di pinggiran Surabaya dengan memproduksi sabun cuci detergen (sabun colek) dengan merek Wings yang hingga saat ini masih tetap diabadikan sebagai corporate brandnya. Sejak tahun 1971 sampai
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TOWS Matrix Analysis The Threats?Opportunities?Weaknesses?Strengths(TOWS) Matrix is an important matching tool that helps managers develop four types of strategies: SO Strategies‚ WO Strategies‚ ST Strategies‚ and WT Strategies. TOWS Matrix could be applied to the development of tactics necessary to implement the strategies‚ and to more specific actions supportive of tactics. SO Strategies SO Strategies use a firm’s internal strengths to take advantage of external opportunities. All managers
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The TOWS Matrix: Putting a SWOT Analysis into Action | | | Shawn Kendrick‚ VolunteerHub.comLast month’s article concentrated on utilizing a SWOT analysis to identify your organization’s strengths and weaknesses. Now that you’ve done this‚ you may be wondering what to do with the information. This is where the TOWS matrix becomes a useful tool. It is a simple but effective way to brainstorm specific strategies to address the results of your initial SWOT investigation. Below we’ll give you
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TOWS Matrix Weaknesses 1. 1. Less Funding 2. 2. Higher Tuition 3. 3. Class Size 4. 4. Non-specialized 5. Curriculum 5. Foreign TA’s SO Strategies WO Strategies 1. Develop a hotel lab 1. Use funding to hire more experience (O2‚ O3‚ O4‚ S4‚ professors ()‚ )4‚ W3‚ W5) S1) Strengths Reputation PSHRS Multiple Campuses Experienced Faculty Café Laura Lab 1. 2. 3. 4. 5. 1. 2. 3. 4. 5. Opportunities Hospitality is Worldwide Field State Funding Location Opportunity for Expansion Demand for Hospitality
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Problem Statement: Chipotle’s position being a leader in Mexican Restaurant Quick service industry is being threatened by less customer visit frequency; company should try new multi-cuisine food to fit into existing successful Model. Hypothesis: To increase customer visit frequency & gain new food lovers & customers‚ Chipotle should expand its stores or open new line of multi-cuisine restaurant to serve its valued customers by maintaining its quality & standards. Analysis Plan / Solution
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EFAS of Individual Case Anlu Hu 2013/9/7 Case #5 Starbucks Coffee Company: THE INDIAN DLIEMMA External Factors | Weight | Rating | Weighted Score | Comments | Opportunities | | | | | Population | .20 | 5.0 | 1 | NO.2 Population equal big market | Cost of labor | .15 | 5.0 | .75 | Cheap labor | Availability of workforce quantity | .1 | 4.0 | .4 | Over 50% population are 15-59 years | Less coffee retail | .05 | 2.5 | .125 | Only 3 big coffee retail company | Global Retail Development
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