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EFAS and the IFAS

Describe the EFAS and the IFAS. What is the purpose of each tool? Are there any weaknesses in the EFAS/IFAS classification system?

In your own words, please post a response to the Discussion Boards. You will be graded on the quality of your postings. You must use APA format and include a reference list. Wikipedia can not be used as a reference.

RUBRICS:
Describe the EFAS and the IFAS
What is the purpose of each tool?
Are there any weaknesses in the EFAS/IFAS classification system?

Thanks for your help!

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Describe the EFAS and the IFAS
The EFAS is the external factors analysis summary. The EFAS table lists the Opportunities and Threats faced by a company. The table 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 column has the rating given to each factor. The rating ranges from 5 outstanding to 1 poor. The rating indicates the company's response to that factor. The fourth column has the weighted score which is the rating multiplied by the weight. The fifth column is the comments column. When all the weighted scores are added a composite score ranging from 1 to 5 will be obtained. The composite score will ...

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