18Audit of Business Goals/Strategy
You have asked a very good question what one needs to do is to Audit on following points. These are from Business Excellence Model of EFQM. For example the from the first point one can deternine if the the Organization has a process to gather and understand the market information etc.
The following points will be good guidelines for any strategy audit. Based on these points whether the leadership in the organization is developing vision, mission and values and how the vision - mission values are communicated to all people in the organisation as also other stakeholders.
Although it is long mail - Hope you will find it useful. You may get more details on this model at http://www.efqm.org/ In case you need more information please let me know
Regards
nishikant
a Policy and strategy (directions) are based on the present and future needs and expectations of stakeholders
- gathering and understanding information to define the market and market segment the organization will operate in both now and in the future;
- identifying, understanding and anticipating the needs and expectations of current and future stakeholders including customers, employees, partners, society and shareholders;
- identifying, understanding and anticipating developments in the market place, including competitor activity;
b Policy and strategy (directions) are based on information from performance measurement, research, learning and external related activities
- analysing output from internal performance indicators;
- analysing output from learning activities;
- analysing external images and brand awareness data;
- analysing the performance of competitors and best in class organization;
- analysing data regarding existing / potential partners core competencies;
- analysing data for both long and short term social, environmental, safety and legal issues;
- analysing data on the effects of products and services throughout their entire life-cycle;
- identifying and understanding economic and demographic indicators;
- analysing data to determine the impact of new technologies and business models on the performance of the organization.
c Policy and strategy (directions) are developed, reviewed, updated
- developing, reviewing and updating policy and strategy consistent with the organization’s mission, vision and concepts of Excellence;
- balancing both long and short-term needs and expectations of stakeholders;
- assessing risks and identifying ways of addressing these risks;
- identifying present and future competitive advantage;
- identifying core capabilities and needs for partnerships / alliances to deliver policy and strategy;
- reaffirming presence in established markets or requirement to change market approach;
- aligning strategy with those of partners and alliances;
- identifying critical success factors;
- aligning and continuously developing social and environmental standards with partners;
- evaluating the relevance and effectiveness of policy and strategy.
d Policy and strategy (directions) are communicated and deployed through a framework of key processes
- identifying and designing and communicating the framework of key processes needed to deliver the organization’s policy and strategy;
- communicating policy and strategy to stakeholders and evaluating the awareness of it;
- aligning, prioritising, agreeing, cascading and communicating plans, objectives and targets as well as following up achievements;
- establishing organization wide reporting mechanisms to track progress.
From India, Mumbai
Hello Amruta,
You need to give more details about where you are going to do the project, what sort of an organisation you are considering, how much time have you got, what is the nature of the project, etc., in order to guide you properly.
also see my post regarding the differences amongst internship reports, project and academic dissertaions.
Wish you all the best.
Narasimhan
From United Kingdom
You need to give more details about where you are going to do the project, what sort of an organisation you are considering, how much time have you got, what is the nature of the project, etc., in order to guide you properly.
also see my post regarding the differences amongst internship reports, project and academic dissertaions.
Wish you all the best.
Narasimhan
From United Kingdom
Thanks for your help actually the Assignment was given to me by my HR Audit professor i needed to present it today itself I made the PPT to the extend possible by me 35581
From India, Mumbai
From India, Mumbai
Amruta,
Good effort!
Probably your audit supervisor did not guide you properly on the pres.
The presentation prepared by you looks ( pl. excuse me ) plain "copy and paste" from the net. The presenation is so vast that I doubt anybody esp. in Big 4 Accounting and Consulting firm like mine, will have the time to go through it.
A presentation should be crisp with bullet points, aligned, formatted, views sequenced with appropriate headings, pic/graphics where appropriate etc . This is very very important.
Please do not misunderstand me, I also made mistakes.
Good Luck !
Regards
Ak
From Kuwait, Kuwait
Good effort!
Probably your audit supervisor did not guide you properly on the pres.
The presentation prepared by you looks ( pl. excuse me ) plain "copy and paste" from the net. The presenation is so vast that I doubt anybody esp. in Big 4 Accounting and Consulting firm like mine, will have the time to go through it.
A presentation should be crisp with bullet points, aligned, formatted, views sequenced with appropriate headings, pic/graphics where appropriate etc . This is very very important.
Please do not misunderstand me, I also made mistakes.
Good Luck !
Regards
Ak
From Kuwait, Kuwait
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TS16949 Internal Audit (Jul05) NCRs.ppt