Business Audit Essay

10239 Words41 Pages
Table of Contents I. Business Model……………………………………………………………………..pg.5-7 * What is it? is it sustainable, or not and why? II. Components of the Value Chain for the Firm and the Industry * What are the primary and support activities, and are there any duplication or redundancies in the value chain? III. Historical Performance……………………………………………………………pg.7-9 * Use bullets to describe the financial performance of your firm for the last three to five years. IV. Current Situation…………………………………………………………………pg.9-13 * Use data for the last two quarters for the firm. V. Strategic Managers………………………………………………………………pg.13-14 * State the names of members of the Board of Directors and their assigned committees including an analysis of their background as presented in the sample in the text. Do the same for members of the top management team. VI. External Environment…………………………………………………………pg.15-20 * The focus of external analysis is to determine the opportunities and threats facing the firm. Thus, at the end of each sentence for this section in the student example of a strategic audit, you will see an (O) and a (T). Part of external analysis involves using Porter’s Five Forces to conducting industry analysis. This is called the Task Environment in the text. You will rank each of the Porter's Five Forces driving industry competition as Low, Medium and/or High). Next, you will classify each of the sentences that you ranked, as either an opportunity (O) or a threat (T). VII. Internal Environment…………………………………………………………pg.20-23 * The focus of internal analysis is to determine the strengths and weaknesses of the firm; thus, at the end of each sentence for this section in the student example of a strategic audit, you will see an (S) and a (W). VIII. The Most Important Issues Facing the Firm…………………………………pg.23-25
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