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Discussion Question 5-2

Discussion Question 5-2

Q DISCUSSION QUESTION 5-2 MB601 Strategic Management Lesson 5: Other Strategic Issues Discussion Question 2 (50 points) Assess and elaborate on the following elements of a strategic audit. (50 points) (A 2-page response is required.) a. The advantages of a strategic audit b. The need that is filled by a strategic audit c. The advantage of a continuous strategic audit d. The source of the effectiveness of a strategic audit e. What a strategic audit provides Grading Rubric Please refer to the rubric on the following page for the grading criteria for this assignment.

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Every successful company or corporation that is operating in today’s new world does some sort of strategic audit in order to continue its forward momentum and/or profitability. There are so many advantages of doing a strategic audit; three of which stand out for me are eliminating overhead to free cash on hand, identify low or slow business timeframes, and identify who on any given board or management position is making the best decision on behalf of said company.