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Include as many as up to twenty, including both opportunities and threats affecting the firm and its industry. Be specific in narration.
2. Assign to each factor a weight that ranges from 0.0 (not important) to 1.0 (very important). The weight indicates the relative importance of that factor to being successful in the firm’s industry. The sum of all the factors must equal to 1.0. Weights are industry based.
3. Assign a 1 to 4 rating to each key external factor to indicate how effectively the firm’s current strategies respond to the factor. 4 superior, 3 above average, 2 average, and 1 poor...
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Common topics in this essay:
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