Topic: Management Audit

Order Description Topic: Management Audit Purpose: This assessment is summative. It is designed to develop students’ ability to critically reflect on their strategy and own performance. Assignment: A key success factor for management (consultants) is the ability to critically reflect on the functioning and performance of the strategy, team, and yourself. For the purpose of this audit, you are asked to determine what kind of job the management team of the firm has done. The major point you will be graded on is your ability to reflect objectively and honestly; therefore, be brutally frank in reporting your findings. Listed below are some key questions to help guide you. Strategy & performance 1. Reflect on the original/ revised goals and objectives. Did the strategies work as planned? Where the objectives met? What strategies, goals, objectives, policies, etc. were changed? Why? How closely did the firm end up doing what it said it was going to do? 2. Does the firm have a prudent dividend policy? Was it consistent? Were dividends ever reduced? Omitted? What would a committee of stockholders say about this firm's treatment of its stockholders? 3. At this point, is the firm a healthy, going concern? Did the team reduce expenditures the last period or two to make profits look better or increase dividends to increase stock price? 4. Did the strategy and execution always explicitly address implications for all its stakeholders and minimise negative impacts? What would different groups of stakeholders say about you company? 5. If the current management team were going to be transferred, what advice would you give to the new team coming in to run this company? According to the simulation, my account as below http://schools.interpretive.com/v0912/redir.php username: qut19322143 password: FamousGuitar6