Nobody downloaded yet

The strategic objectives of organizations - Dissertation Example

Comments (0) Cite this document
Summary
The aim of this paper “The strategic objectives of organizations” was to evaluate the contribution of an internal audit to the strategic objectives of organizations. The objective of this study was to assess the extent to which organizations communicate their business strategy with the internal audit…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
The strategic objectives of organizations
Read TextPreview

Extract of sample "The strategic objectives of organizations"

Download file to see previous pages This then enables the organization to better assess and mitigate the strategic risks. In addition, the internal audit function in organizations identifies strategic risks in an organization through the communication between the chief audit executive and the organizations’ board of directors. This is mainly through the giving of notices to the board of directors in situations where the chief audit executive feels that a manager in the internal audit has created high risks that are above the organizations’ set risk level. This will allow for assessment of the risk and designing of effective ways to deal with it. Overall, the internal audit function through open communication with the risk management department and the strategic department as well as other departments in the organization, control the risk level of the organization and report on impending risks. On many levels, results from primary research agree with results from the literature review which show that the internal audit play specific roles with regard to risk management and these include evaluating risk management processes, evaluating the reporting of key risks, reviewing the management of key risks and giving assurance on the risk management processes and that risks are correctly evaluated (Wieczorek et al. 2002). In these roles of the internal audit from the literature review, communication is cross-cutting.
The third objective of this study was to make recommendations for internal audit and strategy professionals regarding potential improvements of the strategic role of the internal audit. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The strategic objectives of organizations Dissertation”, n.d.)
Retrieved from https://studentshare.org/business/1700385-the-strategic-objectives-of-organizations
(The Strategic Objectives of Organizations Dissertation)
https://studentshare.org/business/1700385-the-strategic-objectives-of-organizations.
“The Strategic Objectives of Organizations Dissertation”, n.d. https://studentshare.org/business/1700385-the-strategic-objectives-of-organizations.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The strategic objectives of organizations

Organizations draw specific and directive plans that are aligned to specific and strategic objectives and goals

...? Strategic analysis of Starbucks INTRODUCTION Organizations draw specific and directive plans that are aligned to specific and strategic objectives and goals, referred to as corporate strategies. All plans are executive in a manner that ultimately help in achieving the organizational goals. In the present context, a strategic analysis of an organization will be conducted in order to assess the effectiveness of midlevel strategies in achieving the organizational goal. The chosen organization is Starbucks, an established leader in the food and beverage industry, which attracts the largest segment of disposable...
6 Pages(1500 words)Essay

Strategic planning within organizations

...?Introduction Strategic planning within organizations is one of the most essential aspects of both sustainability and growth. Without the ability to meet the needs of strategic planning, there is the inability to move forward with specific needs and to reach the full potential of the organization. While strategic planning is required for the development of a company, the implementation and the end goals are often not met. The problems which arise are based on the various aspects of the organization and how it associates with the needs of each of the goals. Leadership capacities, communication tools, participation and the ability to reach...
12 Pages(3000 words)Dissertation

Strategic Management Process/Vision, Goals, Objectives

...? Strategic Management Process/Vision, Goals, Objectives Strategic Management Process/Vision, Goals, Objectives Introduction The mission and vision statements of a firm help the people understand what a company is all about. Without the two of them means that the company cannot function since it has no set goals or objectives. A firm has to consider its workforce, suppliers, customers and even the environment in general. What are mission, vision and even value statements in a firm? The paper will analyze the mission, vision, values and the goals of Southwest airlines. Company's Mission Statement and Analysis Southwest airlines mission is a dedication to...
4 Pages(1000 words)Case Study

Strategic Management: Competitors Of Organizations

...Strategic Management: Competitors Of Organizations INTRODUCTION Strategic management is considered as a systematic analysis of all those factors associated with the customers of a particular company and all those competitors of a particular organization. The primary objective of strategic management is to reach the broad objectives of business that mainly comprises of strategic priorities and corporate policies. Business policies, on the other hand are considered to be broad frameworks that a company follows in order to remain competitive in the market place (Wheelen and Hunger 1-250). THESIS...
10 Pages(2500 words)Essay

Many organizations develop strategic plans

...? Many Organizations Develop Strategic Plans Section Balanced Scorecard can be termed as a decisive tool which facilitates to overcome the vision barrier to the execution of strategies. This tool can be effectively utilized by organizations of diverse nature for developing effective strategic plans for the purpose of executing the same strategies in various business operations. This statement can be delivered maximum amount of weightage by way of reviewing the similar sayings of Dr. Robert Kaplan and Dr. David Norton who are responsible for creation of the balanced scorecard during the 1990s, which has served as a top-down organization system. Since then, this system has been effectively utilized for the purpose of translating... an...
4 Pages(1000 words)Assignment

Objectives of an organizations public relations department

...PUBLIC RELATIONS How important is Public Relations in the Marketing Communications mix The predominant objective of an organization's public relations department is to create and sustain a positive image within the public. Thus, public relations serve as an interface between the organizations and the general public. the positive image of the organization is enhanced and upheld by the company by ensuring that the successes and achievements of the company are highlighted, the effects of the failures and shortcomings of the same are understated and additionally the various activities of the company are made public as well as and when required. Apart from the general...
16 Pages(4000 words)Essay

Strategic Management of Healthcare Organizations

...Strategic Management of Healthcare Organizations Cultural change is an issue which has sparked off debates all over the world. This is equally true for different multinational concerns as well as the healthcare facilities which are giving in their best when it comes to providing state of the art healthcare regimes and the like. Thus in the same stead, the cost of healthcare is an investment that reaps rich results for the government as it gives the best possible amenities to its own men and women – for whom the government is undertaking all the steps and the measures in the first place. The spending that a country does in this regard is directly proportional to the results that it expects in the long run,...
3 Pages(750 words)Essay

Strategic and tactical marketing objectives

... Strategic and tactical marketing objectives Abstract This report identifies the importance as well as the differences of strategic marketing and tactical marketing to hotel marketing success. In addition, the hypothetical marketing efforts of a Swiss Alps hotel chain are recommended in order to show how to bring higher profit and satisfy customers. The identified strategies provided for this hotel include celebrity endorsement, discounting, place marketing for environmental focus, and alliances with limousine providers in order to gain more customer interest. The report shows how strategic and tactical marketing are crucial to the success of a total integrated...
10 Pages(2500 words)Essay

Strategic objectives for a business

...Salon Business Strategic Objectives affiliation Salon Business Strategic Objectives In today’s business world, competition has grown stiff in nearly every sector of an economy. As a result, it is prudent for every business to understand its working environment and to design effective strategies, both short-term and long-term, to enable it to survive the competition, as well as, to attain a competitive advantage (Parkey, 2006). This paper will design strategic objectives of a business that specializes in offering hair services, as well as, offering beauty products. The objectives will be based on a balanced scorecard. The...
3 Pages(750 words)Essay

Mission, Vsionand Strategic Objectives

.... It provides a statement on what the company or the organization intends to achieve, wi9thin a given framework, or within a future period. Unlike the mission statement, the vision statement is always updated, depending on the strategic position of the company (Moseley, 2009). The vision statement normally provides a guideline on what the company intends to achieve within a given future, or a certain period of time. The vision statement is important, because it can act as motivators for the employees of a company, to work hard, and develop competitive strategies that can help the organization achieve its stated future ambitions or objectives (Zuckerman, 2012). Just like a...
3 Pages(750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Dissertation on topic The strategic objectives of organizations for FREE!

Contact Us