Notes #4 - Two forms of R&D Internal Organization has full...

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Two forms of R&D Internal Organization has full control over its R&D department Contract Organization hires independent researchers or agencies to develop specific products Management Information System Information is the cornerstone of all organization and major source of competitive advantage or disadvantage to management Function is to improve the performance and quality of management decisions Internal Factors Evaluation Matrix Strategic management formulation tool to identify and evaluate the major strengths and weaknesses and assess their relationship in the functional areas of
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Unformatted text preview: business IFE Matrix Development Steps 1. In Column 1 ( internal factors ), list 10-20 internal factors as identified in the internal-audit process. List strengths first and then weaknesses. 2. In Column 2 ( weight ), assign a weight that ranges from 0.0 ( not important ) to 1.0 ( all-important ) to each factor. The weight assigned to a given factor indicates the relative importance of the factor to being successful in the firm's industry. The sum of all weights must equal 1.0....
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  • Spring '13
  • N/A
  • Management, internal factors, Factors Evaluation Matrix

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