Internal factor evaluation steps:
1.List key internal factors identified in the internal Ă˘â‚¬â€śaudit process .
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You wonâ€™t have to worry about the quality and deadlinesOrder Paper Now
Use a total of 20 internal factors including strengths and weakness
List strengths first and then weakness be as specific as possible using percentages , ratios and comparative numbers.
2. Assign a weight that ranges from 0.0( not important) to 1.0 ( all important).
The weight assigned to a given factor indicates the relative importance
Of the factor in the companyĂ˘â‚¬â„˘s industry.
Regardless whether a key factor is an internal strength or weakness factors to have the greatest effect on organizational performance should be assigned the highest weights.
3. Assign a 1 to 4 rating to each factor to indicate whether that factor represents a major weakness (rating =1), minor weakness( rating=2), a minor strength ( rating =3) or a major strength(rating =4)
A strength must receive a 3 or 4 and a weakness must receive 1 or 2 .
4. Multiply each factors weight by its rating to determine a weighted score for each variable.
5. Sum the weighted scores for each variable to determine the total weighted score forthe company.