Archive | Management Audit

Management Audit: Meaning and Objective | Auditing

In this article we will discuss about:- 1. Meaning of Management Audit 2. Objective of Management Audit 3. Scope 4. Weaknesses. Meaning of Management Audit: “Management audit can be defined as an objective and independent appraisal of the effectiveness of managers and the effectiveness of the corporate structure in the achievement of company objectives and […]

Management Audit: Definition, Meaning and Fundamental Concepts

After reading this article you will learn about Management Audit:- 1. Definition of Management Audit 2. Meaning & Concept of Management Audit 3. Fundamental Concepts 4. Scope and Process. Definition of Management Audit: There is no general agreement as to the precise meaning of the term: Management Audit…… The term has been defined differently by […]

Management Auditor: Qualities and Functions

After reading this article you will learn about Management Auditor:- 1. Qualities of a Management Auditor 2. Functions of a Management Auditor. Qualities of a Management Auditor: A management auditor should have the following specific qualities: (i) Ability to understand and gauge business problems. (ii) General understanding of the organisation. (iii) Expert knowledge on the […]

Marketing Channels Strategy and Effectiveness Study

After reading this article you will learn about the Marketing Channels Strategy and Effectiveness Study. (1) A manufacturing firm should develop its strategy of the channels of distribution having regard to: (a) Marketing strategy, (b) Competition, (c) Nature of products, (d) Nature of customer/market, (e) Competitors’ strategy, (f) Character of business environment, (g) Characteristics of […]

Distribution Function: Factors and Questionnaires

After reading this article you will learn about Distribution Function:- 1. Factors Guiding Distribution Function 2. Questionnaires—Distribution Policies. Factors Guiding Distribution Function: For evaluation of distribution function in a large manufacturing organisation, the following key points (or elements) should be considered: 1. Customer service goals and objectives—drawing inventories through the procure­ment, production, and distribution processes. […]

Channels of Distribution in Marketing: 3 Channels

This article throws light upon the three channels of distribution in marketing. The channels are: 1. Consumer Goods 2. Industrial Goods: Marketing Channels 3. Exportable Products.  Marketing: Distribution Channel # 1. Consumer Goods: Let us consider the types of channels that exist in our country: Type A: Manufacturer → Consumer Type B: Manufacturer → Retailer […]

Organisation Development: Concept and Characteristics

After reading this article you will learn about Organisation Development:- 1. Concept and Scope of Organisation Development 2. Organisation Development Characteristics 3. Components. Concept and Scope of Organisation Development: The concept of organisation development and its audit is still an emerging field. According to Keith Davis, “Organisation development (OD) is an educational strategy which focuses […]

3 Main Stages of Strategy Audit Programme

This article throws light upon the three main stages of Strategy Audit Programme. The Stages are: 1. Diagnosis 2. Focused Analysis 3. Recommendations. Strategy Audit Programme: Stage # 1 Diagnosis: It includes the following: (i) Reviewing key documents, such as: Strategic plan, Business or Operational plan, Organisational details, Major Policies affecting matters, such as resources […]

Corporate Development: Dimensions, Concept and Components

After reading this article you will learn about Corporate Development:- 1. Dimensions of Corporate Development 2. Concept of Corporate Development 3. Components 4. Scope 5. Characteristics 6. Importance. Dimensions of Corporate Development: In the broadest sense of the term, there are four essential dimensions involved in corporate development audit. They are as follows: (i) Regularity: […]

Notes on Management Audit

Management Audit is a service function predominantly with an objective to assist the management (and not fault finding) in achieving the most efficient administration. So planning and organising the management audit unit involves successful introduction, and position of the management audit functions in the organisation structure. The organisation necessary to do Management Audit should have […]

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