At least one source per section (5 total sections).
It is imperative as a global business leader to understand all concepts and internal working in an organization to be able to make the right decisions for the future. Researching these three sections will enable you to understand further how your company operates from a technical and personal perspective.
Provided are the guidelines to complete each part:
1. Operations and Logistics (1 page)
– Provide a one-page detailed report of your strategic audit company’s products, services, and manufacturing facilities.
– Do they produce their products internally or have them outsourced?
– If they are serviced-oriented, how are these services provided and what resources do they use? An example would be a healthcare provider of medical staff who works in a hospital, but the hospital is not owned by your company.
– What is their logistics set up and or how are their goods and services transported and supplied to the customer?
2. Human Resource Management (HRM) (1 page)
– Examine your company’s workforce.
– How many employees do they have?
– What benefits do they offer?
– Are they union or non-union?
– What are the working conditions (especially if they have facilities in other countries)?
– Have they been protested by human rights groups for employment practices, or fined by the government?
– What is your strategic audit company’s human resource office overall mission or goals?
3. Information Technology (IT) (1 page)
– Explain how your company incorporates Information Technology into their business model.
– Are administrative and customer services automated?
– Is the manufacturing and logistics systems automated?
– What IT trends do they follow and what is the future outlook for your company’s IT utilization?
Measuring performance is a vital element of evaluation and control which includes many elements, data, and parts. Performance can be simply defined as the end result of activity and includes measures such as Return on Investment (ROI), Earning per Share (EPS), and many others.
Measuring performance correctly will enable you to gain a comprehensive understanding of how profitable a business is.
Provided are the guidelines to complete each part:
4. Write an overview of how your strategic audit company measures performance, what specific measurement tools or programs they use, and if it is effective or not. Additionally, recommend one change or new measurement tool they should make or use, and why. (2 Pages in length)
5. Controls are established to focus on actual performance results (output controls), activities that generate the performance (behavior controls), and resources used in performance input controls. Output controls stipulate what is to be accomplished by looking at the results of behaviors using objectives, performance indicators, and markers. Behavior controls state how something is to be accomplished using policies, rules, and procedures as directed by management. Input controls focus on resources such as skill sets, abilities, values, and intelligence (Wheelen, Hoffman, Hunger, Bamford, & Deresky, 2016).
– Write a description of the types of Output, Behavior, and Input controls your strategic audit company is using. Then explain if they are effective or not. (1 page in length)
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