Changes have become more frequent and the business world more complex, where adaptation is essential. Management Audit has been utilized as a comprehensive tool for more than 70 years, providing comprehensive, reliable, objective and accurate assessment of the company’s effectiveness and readiness to respond to changes in the external environment.
The Management Audit follows a specific logical, step-by step interview process with the key decision makers of the functional areas, which is done with a study team. The essential parts of the process are the conclusions and recommendations, which includes identifying the strength and weaknesses of the management, source of problems and potential problem areas. All the process is backed up with a computer based evaluation program.
Management Audit is an essential tool for improving managerial and business performance.
It could include the review and analysis of the following areas: