IFE matrix

IFE matrix

IFE matrix means Internal Factor Evaluation Matrix; is a popular strategic management tool for auditing or evaluating major "internal strengths" and "internal weaknesses" in functional areas of a organization or a business.

IFE matrix also provides a basis for identifying and/ or evaluating relationships among those areas. The Internal Factor Evaluation matrix or short IFE matrix is used in strategy formulation [http://www.maxi-pedia.com/IFE+EFE+matrix+internal+factor+evaluation] .

The IFE Matrix together with the EFE matrix is a strategy-formulation tool; that can be utilized to evaluate how a organization or a company is performing in regards to identified internal strengths and weaknesses of a organization or a company. The IFE matrix method conceptually relates to the Balanced Scorecard method in some aspects [http://www.gwu.edu/~crn40013/strataud/MSDW.htm] .

References


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