Which stage of the strategy formulation framework includes the IFE Matrix?

The IFE (Internal Factor Evaluation) Matrix is utilized during the Input Stage of the strategy formulation framework. This stage focuses on gathering and analyzing critical internal information that is vital for identifying strengths and weaknesses within an organization. The IFE Matrix serves as a tool to summarize and evaluate these internal factors, allowing decision-makers to understand how their current capabilities align with their strategic goals.

By assessing internal strengths and weaknesses, organizations can better prepare for external opportunities and threats. This evaluation sets the foundation for the subsequent stages of strategy formulation. While other stages involve decision-making or evaluating outputs, the Input Stage specifically concentrates on internal analysis, making the use of tools like the IFE Matrix highly relevant and valuable in this context.