Internal Factor Evaluation Matrix

Internal Factor Evaluation Matrix (IFE Matrix) is a strategy-formulation tool that summarizes and evaluates a firm's major strengths and weaknesses in the functional areas of a business, and provides a basis for identifying and evaluating relationships among those areas.

Definition

According to the Strategic Management by David and David (15th edition),

Internal Factor Evaluation Matrix (IFE Matrix). A strategy-formulation tool that summarizes and evaluates a firm's major strengths and weaknesses in the functional areas of a business, and provides a basis for identifying and evaluating relationships among those areas.