Management audit means the examination, review of various policies and action of the management on the basis of certain specified objectives. The management audit is conducted to critically evaluate the activities and efficiency of the management. It is an independent appraisal activity. Learn about:- 1. Introduction to Management Audit 2. Definitions of Management Audit 3. Concept 4. Scope 5. Objectives [...]
In this article we will discuss about:- 1. Concept of Corporate Strategy Audit 2. Outline of Corporate Strategy Auditing Process 3. When to Conduct Strategy Audit 4. Reasons for Organising Strategy Audit Periodically. Concept of Corporate Strategy Audit: The core of strategy audit, for any corporate entity, lies on two important questions: (i) How well a strategy is working, and [...]
In this article we will discuss about:- 1. Meaning of Situation Audit 2. Process of Situation Audit 3. Fundamental Purposes 4. Description of Contents. Meaning of Situation Audit: Strategic planning is the process of making current risk-taking decision with the best possible knowledge of the future consequences and situations. It thus requires sensing of expectations and needs, creating awareness throughout [...]