conducting a strategic audit Essay -- essays research papers

Conducting a Strategic studyhttp//www.albany.edu/pm157/audit.htmlhttp//faculty.uwstout.edu/adekolaa/STRAMGT/powerpoints/Wal-Mart%20-%202000.ppt256,1,Wal-Mart 2000One purpose of this course is to train you to assess an memorial tablets strategy. Part of your skill development is utilizing knowledge to address the real problems of a credit line organization. At the same time, technology is increasing your ability to buzz off information rapidly from multiple sources. Being able to gather and using up such information result become a competitive extremity for anyone in business and management. To prep atomic number 18 you for this, we used information technologies to analyze, discuss, and present business issues throughout the semester. To achieve these, you will form a group. While whatsoever information may be obtained from library research, field work, or ingest interviews, it is expected that you will extensively use the Internet to integrate the versatile information fr om a top-management perspective. Each team will present its findings and recommendations to the crystalize during the final sessions. They may then make changes for their final written report. ravish consider these eight dimensions in formulating a unified, comprehensive, and integrated set of decisions that attains organization purpose.________________________________________Step 1 Situation Assessment     What is our purpose? What is our "strategic disembodied spirit"?      How do we rank in our business and why?      What is our fiscal crack and why?      What is the relationship between the business strategy, organization environment, and over each(prenominal) instruction execution?      What is our sustainable competitive advantage? What core competencies do we posess?      What are our strengths? Do we use these fully?      Wh at are our weaknesses? How can we solve or justify these?      What are our opportunities? How can we exploit these?      What are the threats to us? What can we do about them? Step 2 Strategic Managers     What is our strategic vision?      Do the executives possess the right leadership skills and abilities? &nbs... ...  What are the expected fiscal results?      What are the feasible alternatives to these activities? Step 7 Implementation     What resources will this action invention require from finance, human resources, marketing, operations, and other functional areas and departments?      What changes will have to follow for us to be successful in 2 to 5 long time?      Are there other organizations or individuals we might collaborate with?      What information is necessary? Step 8 Per formance Evaluation and Control     When and how will we evaluate performance?      What are the desired quantitative and qualitative measurements of success?      Will this strategy justify the needed time and resources?      Can we apply it?      Realistically, can we implement this action plan?      Have we included all supporting programs?      Can we clearly establish accountability?