The Nature of an External Audit
The purpose of an external audit is to develop a finite list of opportunities that could benefit a firm and threats that should be avoided. As the term finite suggests, the external audit is not aimed at developing an exhaustive list of every possible factor that could influence the business; rather, it is aimed at identifying key variables that offer actionable responses. Firms should be able to respond either offensively or defensively
to the factors by formulating strategies that take advantage of external opportunities or that minimize the impact of potential threats. Figure below illustrates how the external audit fits into the strategic management process.
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Imran Ali,
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2011/12/4 ●๋•ιмяαη αℓι●๋• <candle.in.winds@gmail.com>
Fizza the correct answer is
Strategy formulation stage
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MBA 4th (Finance),Imran Ali,===============================
On Sat, Dec 3, 2011 at 12:31 AM, Fizza Dastgir <mc090405569@vu.edu.pk> wrote:you should also consult the video lecture and ppt slides of chapter 1 in that external assessment is mentioned under strategy evaluation. i have mailed to the concerned dept, lets hope we get some answer..... cause i am also confused a lot
On Thu, Dec 1, 2011 at 11:34 PM, MUHIB AHMED <muhib.ahmed.pk@gmail.com> wrote:1 OPTION IS RITE.--On Thu, Dec 1, 2011 at 11:02 PM, ZOYA CH <zoya.chaudhary111@gmail.com> wrote:
External assessment is performed in which of the following strategic-management
phase?
► Strategy formulation stage ( sure)
► Strategy implementation stage
► Strategy evaluation stage
► All of the given options
On Tue, Nov 29, 2011 at 5:25 AM, adnan khalid <adnank896@gmail.com> wrote:
External assessment is performed in which of the following strategic-management
phase?
► Strategy formulation stage (not sure)
► Strategy implementation stage
► Strategy evaluation stage
► All of the given options
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MUHIB AHMED,
MBA Final Sem (HRM GROUP)
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MC090405569
MBA - ISLAMABAD
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