question archive Weighted Scores & Total Weighted Score The score is the result of weight multiplied by rating
Weighted Scores & Total Weighted Score The score is the result of weight multiplied by rating
Subject:ManagementPrice: Bought3
Weighted Scores & Total Weighted Score The score is the result of weight multiplied by rating. Each key factor must receive a score. Total weighted score is simply the sum of all individual weighted scores. The firm can receive the same total score from 1 to 4 in both matrices. The total score of 2.5 is an average score. In external evaluation a low total score indicates that company's strategies aren't well designed to meet the opportunities and defend against threats. In internal evaluation a low score indicates that the company is weak against its competitors. In our example, the company has received total score 2.40, which indicates that company's strategies are neither effective nor ineffective in exploiting opportunities or defending against threats. The company should improve its strategy and focus more on how take advantage of the opportunities. Learning Activity 1 Process Questions 1. If you were hired as a consultant for your university, what specific element of the value chain would you seek to improve first? 40 | Pap
