Strategic Audit of a Corporation

Strategic Audit of a Corporation

The strategic audit is an ongoing process. It is independent review and examination of corporations' records and activities to assess the adequacy of system controls, to ensure compliance with established policies and operational procedures, and to recommend necessary changes in controls, policies and procedures.

A strategic audit provides a checklist of questions, by area or issue that enables a systematic analysis to be made of various corporate functions and activities.

· See Appendix 1.A (P. #58-65)

Objectives of the Project:

The purpose of this project is to train you to assess an organization's strategy through a technique known as the strategic audit . It is a useful tool to pinpoint corporate wide problem areas and to highlight organizational strengths and weaknesses.

To achieve this project, you will form a group and pick a company – of your own choice- and make the strategic audit for this selected company by following the below Criteria.

The project will have the following Phases:

I. Current Situation (Phase I)

A. Current performance

B. Strategic Posture

II. Corporate Governance

A. Board of Directors

B. Top Management

III. External Environment: Opportunities and Threats (SWOT) (Phase II)

A. Societal Environment

B. Summary of External Factors

IV. Internal Environment: Strengths and Weaknesses

A. Corporate Structure

B. Corporate Culture

C. Corporate Resources:

a. Marketing

b. Finance

c. Operational and Logistics

d. Human Resources Management

e. Summary of Internal Factors

V. Strategic Alternatives and Recommended Strategy (Phase III)

A. What are the major feasible alternative strategies available to the corporation?

B. Specify which of the strategic alternatives you are recommending for the corporate business

C. What is the impact of your recommended strategy on the company overall performance

VI. Report should conform to the reporting standards.

Outline of the report

1) Table of contents

2) Executive summary

3) Business Overview

A. Organization Profile

B. Location

4) Current Situation

5) Corporate Governance

6) External Environment

7) Summary of External Factors

8) Internal Environment

9) Summary of Internal Factors

10) Strategic Alternatives and Recommended Strategy

11) References

12) Appendices

Instruction Notes:

Your work will be assessed on the following criteria:

· Marks will be awarded for the selection of the corporation, answering all the questions that are needed for a complete strategic analysis of a company.

· All deadlines should be followed and late submission is unacceptable.

· Plagiarism and Copy Paste will be marked as ZERO

· You have to submit each Phase assignment on the Moodle ONLY

· Your assignment has to be submitted in Word document format:

· A cover sheet include: (Name, ID#, Course Name”BUS490 ; Fall 2015, Strategic Audit of a ……………………Phase#,

· Style used is to be font size 12, Times New Roman

· Paragraph spacing: 1.5

· The main content must be in black

· References and citations must be mentioned properly

Marking Scheme

Phase 1: Current Situation; Corporate Governance; 6%

Phase 2: Eternal Environment; 6%, Internal Environment; 6%

Phase 3: Final Report; 7%

This project is worth 20% of your overall marks

Thank you

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