Evaluation of the strategies of target market selection on the basis of IFE and EFE matrixes using linmap technique (A case study of Bushehr province)

Authors

1 Assistant Professor of Industrial Management, Persian Gulf University

2 MSC of Industrial Management, Persian Gulf University

Abstract

One of the most important requirements of developing appropriate strategies for international marketing is correct identification of target markets. Using quantitative techniques and decision making skills will lead to better results regarding the evaluation of marketing strategies. In this study, first we have used internal factor evaluation (IFE) matrix for recognizing and comparing strengths and weaknesses (internal factors) of Bushehr export companies regarding participation in their target markets and then we have used external factor evaluation (EFE) matrix for recognizing and comparing opportunities and threats (external factors).
As the effective criteria have been categorized in this four level (strengths, weaknesses, opportunities and threats), we have used LINMAP technique separately for each level and at last we've unified the results of each level by using of Borda method.

Keywords


Article Title [Persian]

Evaluation of the strategies of target market selection on the basis of IFE and EFE matrixes using linmap technique (A case study of Bushehr province)

Authors [Persian]

  • Hamid Shahbandarzadeh 1
  • Fatemeh Haghighat 2
Abstract [Persian]

One of the most important requirements of developing appropriate strategies for international marketing is correct identification of target markets. Using quantitative techniques and decision making skills will lead to better results regarding the evaluation of marketing strategies. In this study, first we have used internal factor evaluation (IFE) matrix for recognizing and comparing strengths and weaknesses (internal factors) of Bushehr export companies regarding participation in their target markets and then we have used external factor evaluation (EFE) matrix for recognizing and comparing opportunities and threats (external factors).
As the effective criteria have been categorized in this four level (strengths, weaknesses, opportunities and threats), we have used LINMAP technique separately for each level and at last we've unified the results of each level by using of Borda method.