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Essay

Strategic Audits

Essay specific features

 

Issue:

Business

 

Written by:

James B

 

Date added:

October 23, 2013

 

Level:

University

 

Grade:

B

 

No of pages / words:

8 / 2194

 

Was viewed:

7933 times

 

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Essay content:

The monitoring is not to happen once a year but to be kept on top of all year. According to Wheelen & Hunger, strategic audits “provide a checklist of questions, by area or issue that enables a systematic analysis to be made of various corporate functions and activities”. There is a very specific process that must be followed to enable a proper audit is completed...
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These steps are evaluation of current performance, environmental scanning, strategic formulation, strategic implementation, and evaluation and control. Strategic audits are types of management audit and are extremely useful as a diagnostic tool to pinpoint corporate wide problem areas and to highlight organizational strengths and weaknesses...
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