Perform an External Factor Evaluation on the external environment of your chosen corporation. The critical thing to remember about this analysis is that you should develop a thorough understanding of the external opportunities and threats chosen. Because of the importance of factor knowledge, you should acquire a minimum of one MLA citation for each and every external factor discussed. Your analysis MUST include a chart similar to the one attached at the end of this document. Parameters: EFE • Choose 6-10 external factors for analysis, 5 max. opportunities and 5 max. threats (total factors will depend on the nature of the industry) • Each factor should be presented and discussed completely under its own heading • A MLA-format citation should be included for each factor telling where you got your information • Five pages or less (excluding chart) • Chart must begin the assignment and be on one page only • Double spaced, Typed • Note: all external factors should be derived from your external research; i.e., you should not present speculation, made-up/fictitious, or “common knowledge” as researched factors. You should therefore only present factors that you can prove through your research and citations. For each factor write a paragraph or two as necessary discussing the nature of the factor, how it will impact the firm, and its importance to the future strategy of the firm (i.e., tell me why you assigned the rating score that you did) and cite where you got your information from.
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