Dear Samer:

I think EFE model does help! Please take a look at this recent research (Capps and Glismeyer, 2012) study recommending that the strategists incorporate an ECPM and ICPM into their strategic analysis and planning to help improve their organization's future competitive position:

The authors argued that the Internal Factor Evaluation and External Factor Evaluation matrices allow an organization to visualize their strengths, weaknesses, opportunities, and threats while a Competitive Profile Matrix utilizes critical success factors to allow an organization to compare itself to other competitors.

The authors wondered if substituting basic internal strengths and weaknesses categories, and external opportunities and threats classifications for the conventional CSFs in a forced ranking method could extend the Competitive Profile Matrix to allow additional strategic understanding.

The authors further argued that the goal of extending the Competitive Profile Matrix using the forced ranking of important organizational factors when evaluating an organization's relative competitive position against major competitors was successfully realized. An External Competitive Profile Matrix (ECPM) and an Internal Competitive Profile Matrix (ICPM) better draw awareness to internal and external categories that need an organization's attention!

• Capps, J., Glissmeyer, M. D., (2012). Extending the Competitive Profile Matrix Using Internal Factor Evaluation And External Factor Evaluation Matrix Concepts. Journal of Applied Business Research, 28 (5), 1059-1062.

Hope this helps!

Nadeem

Yes I do, this is so because there cannot be any effective strategic plan without taking cognizance of external forces. If that is so, there is also no effective action plan without drawing from the strategic plan.

I agree with Justin and Nadeem. Both an External Competitive Profile Matrix (ECPM) and an Internal Competitive Profile Matrix (ICPM) are required to estimate the SWOT.

I have studied the implications of following various management styles in the following article.

As you could infer, Internal cooperation and coordination are required for ICPM efficiency and external for ECPM efficiencies.

Article What Management Style is Considered Best for Team-Based Orga...

Dear researcher

1. Yes.

2. Some others were:

• Institutional and Program Accreditation Processes (Standards);

• Rankings of HEIs;

• External Quality Monitoring (EQM), also referred to as External Quality Review (EQR);

• Assessment-and-Outcomes Movement, which calls for the development of performance evidence and attention to value-added questions;

• SMART performance pyramid and

• Performance indicators.

3. Please refer to,

Information Management Model for Intellectual Capital of HEIs in Oman: Theoretical Quantitative Approach and Practical Results. J. of Information and Knowledge Management, 2018, Vol. 17, No. 1, pp.1-38. (World Scientific).

Yes, it improves organization performance.