Strategic Audit of a Corporation I. Current Situation A. Current Performance . How did the corporation perform the past year overall in terms of return on investment, market share, and profitability? B. Strategic Posture What are the corporation's current mission, objectives, strategies, and policies? 1. Are they clearly stated or are they merely implied from performance? 2. Mission: What business(es) is the corporation in? Why? 3. Objectives: What are the corporate, business, and functional objectives? Are they consistent with each other, with the mission, and with the internal and external environments? 4. Strategies: What strategy or mix of strategies is the corporation following? Are they consistent with each other, …show more content…
Which are current or future Threats? Opportunities? C. Summary of External Factors (List in EFAS Table) Which of these forces and factors are the most important to the corporation and to the industries in which it competes at the present time? Which will be important in the future? IV. Internal Environment: Strengths and Weaknesses (SWOT) A. Corporate Structure 1. How is the corporation structured at present? a) Is the decision-making authority centralized around one group or decentralized to many units? b) Is it organized on the basis of functions, projects, geography, or some combination of these? 2. Is the structure clearly understood by everyone in the corporation? 3. Is the present structure consistent with current corporate objectives, strategies, policies, and programs, as well as with the firm's international operations? 4. In what ways does this structure compare with those of similar corporations? B. Corporate Culture . 1. Is there a well-defined or emerging culture composed of shared beliefs, expectations, and values? 2. Is the culture consistent with the current objectives, strategies, policies, and programs? 3. What is the culture's position on important issues facing the corporation (that is, on productivity, quality of performance, adaptability to
1. What is their business strategy to grow profitably and compete over the long term?
Organizational structure refers to the way that an organization arranges people and jobs so that its work can be performed and its goals can be met. According to USA their structure states in order to provide clear alignment and focus for the planning process of USAA’s organizational structure, a planning team was assembled with strategic-thought leaders to author a strategic market outlook.
The financial performance of the company over the years six t thirteen is shown in table no 7. The data includes Revenue generated over the years, Earning per share, Return on Investment and Stock Prices. Chart 5 shows that there has been a decline in the revenues generated. Charts 6 to 8 all show a decline in Earnings per Share, Return on Equity and Stock Prices suggesting a poor financial performance by the company.
Interface: The lay-out of Target.com and the mobile extension of the website as well as Target’s mobile app and its coupon app Cartwheel (currently under beta testing) need to be intuitively designed to allow for easy navigation, selecting and comparing products and making payments.
In your own words, summarize what the company considers to be the key financial results. Be specific and give detail!
This structure is unlike that of the Philips where locals, within the national organizations, held senior management positions. Basically, the structure gave some leeway to product control but still kept the same global image of Matsushita. As times/cultures changed, the strategy that existed with Matsushita during the early years proved to be the foundation of a successful company.
1. Describe strategy and the 4 generic strategies in the context of the case company (Tim Horton)
1. Create or describe a strategy for your firm, as operationalized by Collis and Rukstad. Be sure to be comprehensive and specific when separately describing your
8. Probably covered in the above. Some other forces would include employee wellbeing, customer satisfaction, short vs long term objectives, competitive position.
In the evaluation of the company’s performance, we will be evaluating its growth and performance in the last four years when they went public.
1. What forces from the natural physical environmental are currently affecting the corporation and the industries in which it competes? Which present current or future threats? Opportunities?
f) Does the organisation have divisions, and what they are based on (e.g. geographical areas, or products)?
According to Miles et al. (1978, p. 547), an organization is both its purpose and the mechanism constructed to achieve the purpose. It means that the concept of organization is embracing both goals and all the elements that represent unique combination. Miles et al. (1978, p. 553) draws the conclusion that structure and the processes taking place inside the organization are closely aligned; it is hard to speak about one without mentioning the other. It is important to understand the conclusion drawn by Miles et al. (1978). It illustrates how the
IAS will have to conduct an annual review of UWCN 's risk management process to ensure that it can continue to place reliance on management 's risk assessment as the basis for audit planning.
In order for an organization to be most effect they have to look internally at their organizational behavior and assess what is most important to them and creates a culture surrounded by the value and beliefs of the leadership employees and customers. In order to better do that one must look at the importance of its employees and how they feel about the company directly affects the productivity and performance therefore becoming human capital. In addition to including the employees into decision making regarding events that affect them and the company. Furthermore, the structure of the culture set by management dictates directly the success of implementing the values the company and its employees hold. At time organizations find they fall of the path of direction in which they want to set the culture so changes have to be made throughout the organization in order to improve and restructure to meet the new values of the company.