Strategic Audits

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Title: Strategic Audits

Essay Details:

Subject: Business

Author: Shelia C

Date: June 9, 2012

Level: University

Grade: A

Length: 8 / 2194

Essay text:

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. 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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