Relevant and accurate information is an essential foundation stone of successful strategic planning. In this article we look at the need for leaders to implement and manage an effective process which gathers data and information that supports and enhances the strategic decision making activity.
Continuous Improvement of Business Audits
In this article we have looked at the different stages of auditing performance and the best practices that should be followed. Here we discuss the need for a gradual, orderly, kaizen style continuous improvement approach to the auditing process, in order to ensure that the process continues to be productive and effective in an ever more complex business environment.
Auditing Business Performance
As has been the case for many years now, the business environment is increasingly complex, change occurs more frequently and more rapidly, and performance levels are expected to be raised to even higher levels. Businesses are constantly searching for new strategies and techniques to help them to manage more effectively. However, there is a well established tool, with many variations, that would be of immense help to any business, yet is ignored by many. This is the performance audit.