{"title":"Strategic Plan Audits: Structure and Expected Outcomes","authors":"D. Auld","doi":"10.5539/ijbm.v18n5p43","DOIUrl":null,"url":null,"abstract":"A strategic audit is an objective review and evaluation of a strategic plan (or set of plans) that have been put into motion by senior leaders and key stakeholders designed to meet an organization’s future objective. [CMOE, 2023] How such an audit is executed will have a direct impact on the ultimate value of the exercise. In this paper, we examine and discuss the structure of a strategic audit, the context in which the audit is conducted, frequency of audits and the application of simple tools to focus and audit. Future empirical research on the topic of strategic audits would shed light on the usefulness of such audits although the ability of obtain pertinent information and data to undertake such analysis in the for-profit sector would be challenging.","PeriodicalId":38990,"journal":{"name":"International Journal of Business and Management Science","volume":"1 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2023-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Business and Management Science","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.5539/ijbm.v18n5p43","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"Business, Management and Accounting","Score":null,"Total":0}
引用次数: 0
Abstract
A strategic audit is an objective review and evaluation of a strategic plan (or set of plans) that have been put into motion by senior leaders and key stakeholders designed to meet an organization’s future objective. [CMOE, 2023] How such an audit is executed will have a direct impact on the ultimate value of the exercise. In this paper, we examine and discuss the structure of a strategic audit, the context in which the audit is conducted, frequency of audits and the application of simple tools to focus and audit. Future empirical research on the topic of strategic audits would shed light on the usefulness of such audits although the ability of obtain pertinent information and data to undertake such analysis in the for-profit sector would be challenging.
期刊介绍：
The International Journal of Business and Management Science (IJBMS) (Print: ISSN 1837-6614; Online: 1985-692X) is a double-blind peer-reviewed semiannual journal. Generally the journal publishes the articles that expand knowledge on business and management issues. Business Complexity and Performance Management were the two of the top ten problems IJBMS cover pageof 20th century management. In the 21st century, overcoming such problems seem to be challenging to educators and practitioners. Do educators and practitioners agree on which management skills are required for success in the 21st century? These all issues call for substantial research to achieve a very modern sustainable business era of the global economy. IJBMS intends to focus on the business and management issues with the vision of sustainable competitiveness along with scientific evidences. The quantitative approach for analyzing a research problem is promoted by IJBMS.
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