Why Is Strategic Audit Recommended in Case Study Analysis for Students

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The Answer is A strategic audit is a review of an organization's business plan and strategies to identify weaknesses and shortcomings. It evaluates how appropriate an organization's business strategy is and how well it is positioned for strategy implementation and therefore, is useful in helping students in the process of case study analysis. A strategic audit enables successful development of the organization and helps managers assess whether internal processes are heading toward their strategic goals. Based on audit results, managers can adjust operations to maximize progress toward goals, and minimize the risks and threats arising from inefficient operations. The strategic audit can be used by any organization facing challenges to profitable growth. It is considered to be an ideal tool for slow-growing organizations searching for new growth opportunities while making sure that strategic risks are managed and controlled. Strategic auditing is also ideally suited for new ventures wanting to take advantage of opportunities as an economy rebounds.
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Why Is Strategic Audit Recommended in Case Study Analysis for Students

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