Internal Environment Flashcards
What are the 3 basis for objectives and strategies in Nature of an Internal Audit?
- Internal strengths/weaknesses
- External opportunities/threats
- Clear statement of mission
What are the 6 parallels process of external audit in Internal Audit?
Management
Marketing
Finance/accounting
Production/operations
Research & Development
Management Information Systems
It is internal resources are more important than external factors.
Approach to Competitive Advantage
What are the 3 all encompassing categories?
Physical Resources
Human Resources
Organizational Resources
What are the 3 Empirical Indicators?
Rare
Hard to imitate
Not easily substitutable
It is a pattern of behavior developed by an organization as it learns to cope with its problem of external adaptation and internal integration …is considered valid and taught to new members.
Organizational Culture
What is Organizational Culture? Explain on your own opinion.
It is a pattern of behavior developed by an organization as it learns to cope with its problem of external adaptation and internal integration …is considered valid and taught to new members.
What are the 8 Cultural Products?
Value
Beliefs
Rites
Rituals
Myths
Symbols
Heroes
Legends
What is the stage when most important for planning?
Strategy Formulation
What is the stage when most important for organizing?
Strategy Implementation
What is the stage when most important for motivating?
Strategy Implementation
What is the stage when most important for staffing?
Strategy Implementation
What is the stage when most important for controlling?
Strategy Evaluation
What is the 3 function for strategy implementation?
Organizing
Motivating
Staffing
What is function for strategy evaluation?
Controlling
