MENDOZA, ROCEL L.

BSA 2 ASSIGNMENT #2
MNGT 6

LESSON #3
Quest. 1. Explain the 10 Major External Forces that affect organization.
The 10 Major External Forces that affect the organization first we have the;
Economic forces, all of these have a direct effect on how businesses produce
and distribute their products or services. Social, Cultural, Demographic, and
Natural Environment Forces, which have a Major impact on Products,
Services, Markets and customers. Political, Governmental, and Legal
Forces are external environmental variables that represent key
opportunities for organizations and industries. Technological Forces are the
effects that technological advancements have on consumers, businesses,
and society in general. Competitive Forces Collection and evaluation of
data on competitors is essential for successful strategy formulation.

LESSON #4
Quest. 2. How to develop EFE Matrix? Competitive Profile Matrix?
To create an EFE Matrix, you must first create a list of external factors and
categorize them as either opportunities or threats. Assign a Weight to Each
Factor, Assign a Rating, determine the weighted scores and total weighted score.
In regard to a sample firm's strategic position, the Competitive Profile Matrix
(CPM) identifies a firm's primary competitors, as well as their specific strengths
and weaknesses. The rating is based on strengths and weaknesses, with 4
denoting a major strength, 3 denoting a significant strength, 2 denoting a minor
weakness, and 1 denoting a major weakness.

Quest. 3. What is the importance of gathering competitive intelligence?

Competitive intelligence is important because it assists businesses in
understanding their competitive environment, as well as the opportunities and
challenges that it presents. Businesses analyze data to develop effective and
efficient business practices.

LESSON # 5
Quest. 6. What is the resource based view (RBV) in strategic management?
The Resource-Based View (RBV) analyzes and interprets an organization's
internal resources, emphasizing resources and capabilities when developing a
strategy to achieve long-term competitive advantages. Resources can be thought
of as inputs that allow businesses to carry out their operations. Method for
Gaining a Competitive Advantage External factors are less important than internal
resources. 3 All Categories Included Physical resources, Human resources and
Organizational resources.

Quest. 7 How to determine and priorities a firms internal strength and weakness ?
This strategy-formulation tool summarizes and evaluates the major
strengths and weaknesses in a company's functional areas, as well as providing a
foundation for identifying and evaluating relationships between those areas. 5
steps: List key internal factors. (10 – 20 Factors) , Assign a weight that ranges from
0 (not important) to 1.0 (very important) to each factor , Assign 1 to 4 rating to
each factor ( major weakness to major strength) , Multiply each factor and Sum
the weighted scores.