Business Management

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Are there any weaknesses in the EFAS/IFAS classification system?

  • Business Management -

    Of course. Anytime you give subjective scoring (weights, and scores) on an intangible item that weighting/scoring system at that time might turn out to be different at a later time or in different circumstances.
    The weakness is that it is trying to put a number on the value of something that time, place, and circumstances will in the end determine. If one had a crystal ball, EFAS/IFAS would be very valuable.

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